Sunday, December 04, 2011

Haldia seeks to avoid falling into Board for Industrial and Financial Reconstruction fold

Haldia Petrochemicals is working out an action plan to avoid falling into the BIFR (Board for Industrial and Financial Reconstruction) fold, as per the Hindu. Since a 50% erosion in peak net worth willl push the company into BIFR, HPL is striving hard to check the loss-making trend.

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