After settling the long-drawn dispute with the West Bengal government over the shareholding pattern in its flagship project, Haldia Petrochemicals Ltd (HPL), Purnendu Chatterjee-owned The Chatterjee Group (TCG) has started consolidating itself in the state, making Haldia, a port city in West Bengal its stronghold in the country.
TCG has decided to set-up a refinery in Haldia at an investment of Rs 26,000 crore and has already floated a company, which will become the holding company for the new venture. For the project, it has acquired around 800 acres of land and has asked the state government to allot another 1,700 acres. Read more
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