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People & Business :: M&A

Government stake in Haldia to be sold by year-end, Reliance and Indian Oil still interested

8:28 AM MDT | May 11, 2013 | Natasha Alperowicz

The fate of embattled Haldia Petrochemicals (HPL; Kolkata, India), the only major producer of petrochemicals on India’s east coast, is expected to be decided by the end of the year. Reliance Industries and Indian Oil, which in the past expressed an interest to buy the stake, are still keen to acquire the government’s stake, local reports say. Consultants Deloitte is advising the West Bengal government on sale of the 40% stake that it holds in HPL.             Partha Chatterjee, West Bengal...

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