Indian Oil to wait before taking a call on investing in Haldia

15-Feb-13

Indian Oil Corporation plans to wait till a clear picture emerged on Haldia Petrochemicals matter before it decides on its further interest in the joint venture company, as per PTI. HPL is a joint venture project having the government of West Bengal, The Chatterjee Group (TCG), and IOC as major stakeholders. The West Bengal government had decided to quit its showpiece project, Haldia Petrochemicals Ltd, as a shareholder by June 30 this year. IOC already holds close to 9% stake in HPL.