MRPL seeks State government's permission to carry out a due diligence of HPL

25-May-12
Mangalore Refinery and Petrochemicals Ltd (MRPL), which is keen to pick up a controlling stake in the beleaguered Haldia Petrochemicals Ltd., has made a strong pitch to the State government. In a letter to the State Industry Minister MRPL has given a detailed proposal, saying that this (acquisition of controlling stake) would be a win-win situation. It has also sought the government's permission to carry out a due diligence of HPL. The Mangalore-based company is a subsidiary of ONGC.
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