After two successive years of profit , Haldia Petrochemicals Ltd (HPL) is likely to report almost 50% drop in net profit in 2007-08. Net profit is expected to slide to nearly Rs 300 crore in 2007-08 from Rs 580 crore in 2006-07. The situation is not expected to improve in 2008-09 as naphtha price show no signs of easing.
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