Monday, February 18, 2008

HPL mulls acquisition of Larsen & Toubro's 51% stake in HPL Cogeneration

Haldia Petrochemicals (HPL) is seems poised to acquire Larsen & Toubro's 51% stake in HPL Cogeneration. HPL Cogeneration is a 51:49 JV between L&T and HPL and it runs a 160 mw power station in Haldia. The West Bengal government with a 51.67% stake in HPL, has given the HPL board the nod of approval for the acquisition. For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=11703&P=P

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