HPL's Prospects for Resuming Production Brighten as Lenders Agree to Funding

摘要

Haldia- Haldia Petrochemicals Ltd. (HPL), having received assurances of new loans from several financial institutions, is expected to restart production at its Haldia, India, petrochemical facilities, according to local media. Industrial Development Bank of India, State Bank of India, Punjab National Bank, ICICI Bank and Industrial Finance Corp. of India agreed to the loans following The Chatterjee Group (TCG) Chairman Purnendu Chatterjee's commitment to invest Rs 100 crore in HPL.