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Indian Oil Corporation Ltd, Essar Oil Ltd, Oil & Natural Gas Corporation Limited Join Race In Haldia Petrochemicals Ltd Stake Sale-Business Standard

Friday, 7 Jun 2013 09:17am EDT 

Business Standard reported that ahead of the submission of expression of interest, at least three companies Essar Oil Ltd, Indian Oil Corporation Ltd and Oil & Natural Gas Corporation Limited have formally evinced interest for the Bengal government's stake in Haldia Petrochemicals Ltd (HPL). A top official of WBIDC (West Bengal Industrial Development Corporation ) said, energy major Essar has written to it regarding the stake sale process of HPL, seeking more clarity. The West Bengal government has around 40% stake, via WBIDC, in HPL which is up for sale. A EoI was generated by WBIDC and Deloitte and the last date for submission is June 10.