Haldia Petrochemicals Limited

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  Major Fire At Haldia Petrochemical's Unit In Bengal Injures 15: Police

  A major fire broke out at the naphtha cracker unit of the Haldia Petrochemicals Limited in West Bengal today injuring 15 people, a senior police official said.

• Indian Oil says Bengal's silence on Haldia Petrochemicals 'surprising': report

  Indian Oil Corporation (IOC) has said West Bengal government's silence on Haldia Petrochemicals Limited (HPL) was 'surprising' as there has been no communication since the country's largest oil marketing company made its offer in October last year, according to a senior executive.

• Indian Oil to wait till March-end to take a call on Haldia Petrochemicals: report

  IOC has learnt that the West Bengal government was in talks with TCG, the other promoter, to find a way out, he said, adding, "We will react once the outcome of the talks are made public."

• Lenders yet to give approval to Haldia Petrochemicals rights issue: report

  HPL had planned to issue 52 crore equity shares at Rs 25.10 per share on rights basis which was expected to fetch Rs 1,300 crore to the company.

• HPL disinvestment becoming uncertain, says IOC

  The official said by this time the share purchase agreement (SPA) either with IOC or TCG (had it exercised the first right of refusal) should have been completed.

• Haldia Petrochemicals board orders probe into causes of state

  The board of the troubled Haldia Petrochemicals Limited (HPL) has ordered a probe into the causes of the present state of dismal affairs of the company.

• HPL financial bidding on Monday

  Five companies, both in the private and public sector, had qualified to take part in the bidding process. These companies were Indian Oil, GAIL, ONGC, Reliance Industries and Cairn India.

• Reliance, IOC, Cairn India in race for HPL: report

  Sources said HPL makes strategic sense to both IOC and RIL as they produce naphtha, the feedstock used to produce valuable chemical compounds.

• Deloitte appointed advisor for Haldia Petrochemicals share sale

  The West Bengal government's industry promotion arm WBIDC has appointed management consultancy firm Deloitte as a transaction advisor for the proposed sale of its shares in beleaguered Haldia Petrochemicals Limited (HPL).

• Haldia Petro promoters to approach lenders for working capital

  Beleaguered Haldia Petrochemicals Limited (HPL) would again approach lenders to tide over the serious working capital crisis for which the company had to cut down production by 50 per cent, chairman of the company and West Bengal industry minister Partha Chatterjee said.