IOC renews offer for equity participation in HPL

摘要

Indian Oil Corporation (IOC) has renewed its offer to invest Rs. 468 crore for taking 26% equity in Haldia Petrochemicals Ltd. (HPL). The oil refiner, the West Bengal government and The Chatterjee Group (TCG) have drawn up the framework for a new proposal that would enable IOC to pick up a 26% stake in the petrochemical company, and make IOC the fourth equyity partner in the