Friday, November 30, 2007

IOC trying to squeeze in expansion of Haldia refinery despite land crunch

Indian Oil Corp. Ltd. has managed to secure only 82 acres of the extra 210 acres that it had sought to acquire. IOC had been eyeing the adjacent land leased to Hindustan Fertiliser Corp. But a government decision to revive the closed plants of HFC and Fertiliser Corp of India, has forced IOC to be content with just 82 acres that HFC has surrendered to the Kolkata Port Trust.

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