‘HPL stake sale on track’

THE state government on Thursday said the court cases would not derail the divestment process of Haldia Petrochemicals Limited and there would be no fresh expression of interest.

Written by Press Trust Of India | Kolkata | Published:May 17, 2013 4:07 am

THE state government on Thursday said the court cases would not derail the divestment process of Haldia Petrochemicals Limited and there would be no fresh expression of interest.

The decision made by the West Bengal Industrial Development Corporation (WBIDC) to sell its share of HPL worth around Rs 950 crore has been challenged in the Calcutta High Court.

Purnendu Chatterjee,chairman of the TCG Group that has stake in the HPL,has filed a petition opposing the sale of the shares owned by the WBDIC.

Industry minster Partha Chatterjee said the government would give Rs 100 crore to the ailing HPL “for creating confidence among bankers”.

“We will have a meeting of WBIDC board members on May 23 and Rs 100 crore loan would be given to WBIDC by the state government to infuse into the company,” said Chatterjee said after meeting lenders.

He said the loan was being provided by the state government on condition that once it exited HPL,whichever entity acquired its stake would have to repay the Rs 100 crore loan to WBIDC.

Chatterjee said lenders had assured to provide funds,but there was no clarity about the amount of their credit.

2 more dead — fund firm agent,owner

A CHIT FUND agent and owner of a company involved in collecting money from people in rural areas were found dead in different parts of the state on Thursday.

Atanu Ghosh alias Bubai,who worked as an agent of a chit fund company called Icore,was found hanging at his in-laws’ house at Raikathpara in Jalpaiguri. The 33-year-old,who was unemployed for the last seven months,had reportedly collected Rs 80,000 for the company. “He was very disturbed after the Saradha incident,” said his mother-in-law,Pratima Deb. Police have sent the body for post-mortem and have started an investigation into the death. His neighbours have confirmed that people used to come to his house asking for money.

In Chuchura in Hooghly district,owner of a chit fund firm active in rural areas of Purulia and Bankura districts,was found dead in his garage. Police said Asim Bera,managing director of AMCO,was found unconscious in his garage. The 56-year-old was taken to Chuchura Imambara Hospital where he was declared dead on arrival. He is suspected to have consumed poison,police said.

Quoting family members,police said,Bera was facing threats from his depositors.

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