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GAIL (India) Ltd And Others Eye Stake In Haldia Petro-Business Standard

Tuesday, 11 Jun 2013 06:52am EDT 

Business Standard reported that PSUs and major private players have evinced interest in buying out West Bengal government's stake in Haldia Petrochemicals Ltd (HPL), which has been put on the block. Companies which had submitted EoIs were Indian Oil Corporation Ltd, Oil and Natural Gas Corporation Ltd and GAIL (India) Ltd from the public sector. From the private sector Reliance Industries, Cairn India and Jindal Petroleum had shown interest, the sources said. The state government, which holds nearly 40 per cent stake in HPL, has appointed Deloitte as transactional adviser through its investment promotion arm WBIDC to seek EoIs. 

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