A new Rs 6,000 crore integrated phenol and acetone plant, India's largest, has been inaugurated in Haldia, West Bengal. Developed by Adperma Private Limited, a subsidiary of Haldia Petrochemicals Limited (HPL), the facility aims to reduce India's reliance on imported industrial chemicals and boost the domestic specialty chemicals sector. West Bengal's Chief Minister announced a new industrial policy following the inauguration.
West Bengal could be the Bharatiya Janata Party's real test case of its business-friendly policies, points out Kanika Datta.
Bankers of HPL too have endorsed the idea and are pitching hard for the chairmanship of Chatterjee.
ICA is the world's leading institution for resolving international commercial and business disputes.
A 7-yr legal tussle over Haldia Petrochemicals looked close to being resolved. But when Mamata Banerjee upped the ante, it was back to square one for investor Purnendu Chatterjee.
TCG-led consortium will be required to pay more than $5.16 bn for Basell.
According to a source, banks have decided to infuse funds after Purnendu Chatterjee, chairman of The Chatterjee Group, agreed to invest Rs 100 crore (Rs 1 billion) as margin amount into the ailing plant.
After the Trinamool's overwhelming majority in the West Bengal assembly elections last year, the SSC scam has given fresh ammunition to the Bharatiya Janata Party and the Communist Party of India-Marxist. Ishita Ayan Dutt reports.
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RIL had objected to the state government's decision to receive bids in sealed envelopes instead of an open auction.
West Bengal Chief Minister Mamata Banerjee has left no stone unturned this year after big industrialists, along with Union ministers, skipped attending the BGBS 2017.
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Three PSUs, three private firms join bid to acquire 40% stake in Haldia Petrochem.
Banerjee has fulfilled two key electoral promises: Ridding Lalgarh of Naxals and bringing peace to Darjeeling
