SBI ready to fund more working capital requirements of Haldia Perochemicals

27-May-15
State Bank of India, the country's largest lender, is keen to see that Haldia Petrochemicals Ltd (HPL) sails smoothly through this turbulent time. In an interview with Times Of India, SBI chairman Arundhuti Bhattacharya said that SBI is ready to fund more working capital requirements of HPL if it requires so. The PSU lender has the largest contribution in the Rs 900crore lifeline extended to the ailing petrochem firm by a consortium of lenders.
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