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India Cancels HPCL's Land Allocation at Visakhapatnam PCPIR

5:00 AM MDT | April 30, 2012 | Natasha Alperowicz

Indian state-owned Hindustan Petroleum Corporation (HPCL; Mumbai) has lost its land allocation for a previously announced petrochemicals complex at Visakhapatnam in the state of Andra Pradesh, one of India’s planned Petroleum, Chemicals and Petrochemicals Investment Regions (PCPIRs) because of a lack of progress with the project, according to government officials. T. S. Appa Rao, principal secretary commerce and industry in Andra Pradesh said that the government cancelled the 1,500 acres land allocation made in 2007 because of delays in executing the...

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