IHS Chemical Week

Haldia Petrochemicals bid deadline set in June

11:21 AM MDT | May 13, 2013

The government of the Indian state of WEst Bengal has put out an advertisement seeking Expressions of Interest (EoI) for its share in troubled Haldia Petrochemicals (HPL; Kolkata). The advertisement, issued by the government’s adviser Deloitte, is seeking EoIs for the state government’s 39.99% share in the company through competitive bidding. Bidders have to respond by 10 June 2013. The local government decided to exit loss-making HPL but it will have to offer the first right of refusal to the Purnendu Chatterjee-led Chatterjee Group, an existing HPL...

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