HPL management, now being run by the government of West Bengal (GoWB) instead of the private sector promoter, The Chatterjee Group (TCG), would consider a dividend in 2005-06. The ongoing tussle between promoters GoWB and TCG had not affected the performance of HPL. The management of Haldia Petrochemicals Ltd (HPL) estimates to end this year with a turnover of Rs 7,000 crore, and contemplates payment of its first ever dividend for fiscal 2005-06.
HPL had an accumulated loss of Rs 1,000 crore, which have been totally wiped out in April 2005, making the company ready for dividend. The petrochem major posted a turnover of Rs 6074 crore and a profit after tax of around Rs 700 crore in 2004-05.
19-Jan-06 
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