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Haldia Petrochem set to reopen, lenders to infuse funds

The imbroglio over the Haldia Petrochemicals project might end soon, with the plant reopening, as lenders have agreed to infuse fresh funds into the loss-making company, whose net worth has eroded......

Tuhin Parikh: The man who spotted value in office properties

He is the man behind Blackstone’s India strategy US private equity (PE) major Blackstone’s real estate team in India seems to be following a different strategy compared to its peers.......

Purnendu Chatterjee might head HPL

To resolve the long battle over Haldia Petrochemicals Ltd, the West Bengal government, a principal promoter of HPL, is planning to offer the post of chairman to The Chatterjee Group chief Purnendu......

HPL disinvestment becoming uncertain, says Indian Oil

State-run Indian Oil Corporation on Sunday said the disinvestment process of Haldia Petrochemicals Limited has become totally uncertain. "We had submitted the bid on October 7 to WBIDC and so far......

IOC seeks refund of HPL earnest bid money

 Indian Oil Corporation, sole bidder for stake in Haldia Petrochemicals Limited, has sought the release of their earnest bid money, indicating withdrawal from the sale process. "We have......

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