World News and Views :: Top of the News
Haldia dispute close to being resolved, Indian Oil no longer interested
3:39 AM MDT | June 12, 2014 | Natasha Alperowicz
The West Bengal government and The Chatterjee Group (TCG)—co-promoters of Haldia Petrochemicals (HPL; Kolkata), the only major producer of petrochemicals and polymers on the east coast of India, have agreed to resolve their decade-old dispute over the ownership and control of HPL, local reports say. However, the country’s banking regulator now holds the key to the deal being funded. West Bengal has agreed to hand control of HPL to TCG by selling 520 million shares at 25.10 Indian rupee/share, the same price as was offered by Indian Oil...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee