Friday, July 08, 2011

Haldia Petro posts Rs 247 crore loss in first quarter, mulls 2-3 week shutdown

Haldia Petrochemicals Ltd (HPL) has incurred a loss of Rs 247 crore in the first quarter. As a persistent downtrend continues in polypropylene and ethylene prices, HPL plans to keep away from the markkets with a planned shutdown, starting the third week of July, as per Economic Times.

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