State Bank of India and Indian Oil Corporation Ltd have asked for a place on the board of Haldia Petrochemicals Ltd (HPL), seeking a larger say in the project, as per The Telegraph. IOC has around 9.66 per cent stake in HPL, while the SBI is the leader of the lenders’ consortium for a working capital loan of more than Rs 1,000 crore.
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Tuesday, February 28, 2012
State Bank of India, Indian Oil Corp. ask for a place on the board of Haldia Petrochemicals Ltd
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