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Haldia Petro may float an Rs 600-cr IPO
By siliconindia
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Wednesday, 11 September 2002, 19:30 IST
NEW DELHI: Haldia Petro-Chemicals Limited chairman Tarun Das Wednesday hinted that the company might soon float initial public offer to mop up Rs 500 to 600 crore from the market.
He told newspersons here that the company would soon resort to financial restructuring and ruled out possibility of allowing IOC to have management control. He said they were very happy to have IOC's support by getting Naptha from them.
He said the company board was quite strong and added that some more experts could be brought in the board. "The company is in good form and there is no cause for alarm," he observed.
He said everybody in the board was working very closely and there was no difference of opinion.
The HPL Chairman said the board was happy with NRI investor Purnendu Chatterjee, who had brought in 145 million dollars for the most modern unit in West Bengal