Comments
Disinvestment process of Haldia Petrochemicals Ltd (HPL) is expected to be completed within time, West Bengal Industry Minister, Partha Chatterjee said today.
He said that in the pre-bid meeting held on Saturday, the qualified bidders had raised some queries on some issues.
“If the queries raised by them were replied without any delay, then the complete process is expected to be completed with the deadline of September 30,” Chatterjee said at the state secretariat here.
He said the transactional adviser Deloitte would be able to direct the replies to the bidders quickly if it received them without any delay.
“If the process is getting delayed, then I as chairman of HPL will seek the reasons for that,” Chatterjee said, adding that the company was in immediate need of funds.
The company was now running at 75 per cent capacity utilisation.
The five qualified bidders are — Reliance, Cairn India, Indian Oil, GAIL and ONGC.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.