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Indian Oil and MRPL in Talks to Buy Haldia Petrochemicals

3:58 AM MDT | June 13, 2012 | Natasha Alperowicz

Indian Oil (New Delhi) and Mangalore Refinery & Petrochemicals (MRPL), a subsidiary of ONGC (New Delhi), have separately expressed their interest in acquiring embattled Haldia Petrochemicals Ltd. (HPL; Kolkata, India), the only petrochemicals producer on India’s east coast, senior local sources tell CW. The two companies have had discussions with the chief secretary of the government of West Bengal and with Partha Chatterjee, Minister of Industry and Commerce at the government of West Bengal who in May was also appointed chairman of HPL.   The...

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