Haldia Petrochemicals sets their eyes on Nagarjuna refinery

The Kolkata based firm as filed a fresh bid for the refinery of Nagarjuna oil in Cuddalore district of Tamil Nadu, this is one of the largest owned private refineries in the country which is currently facing insolvency with an estimated outstanding balance of about $1.4 billion both to it's lenders and operational creditors. If the board of creditors decides to take Haldia Petrochemicals on their offer, it would be one of the first of its ....