Date:23/09/2004 URL: http://www.thehindu.com/2004/09/23/stories/2004092303371804.htm

Business - Briefly

IOC to buy stake in Haldia

NEW DELHI, SEPT. 22. The Indian Oil Corporation has been selected to buy equity in Haldia Petrochemicals Ltd (HPL) but the state-run refiner will make the Rs. 150 crore investment only if shares of the Tata group, now held by West Bengal, are transferred to it at a later date.

PTI