Purnendu Chatterjee, chairman of The Chatterjee Group, agreed to invest Rs 100 crore as margin amount into the ailing Haldia Petrochemicals plant. Following this decision, banks have decided to infuse funds, which could eventually lead to plant start up, as per sources in business-standard.com. Lenders will agree to infuse funds when the promoter shows interest. With TCG bringing in 10% of the cash, the lenders have agreed to follow suit. The management had asked for Rs 1,000 crore to buy naphtha, the main feedstock. The main lenders to HPL are Industrial Development Bank of India, State Bank of India, Punjab National Bank, ICICI Bank and Industrial Finance Corporation of India.
05-Jan-15 
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