Haldia Petro proposes amalgamation of wholly-owned subsidiaries with itself

由Purnendu Chatterjee的The Chatterjee Group（TCG）控制的Haldia Petrogemicals Ltd（HPL）提出了全资子公司Haldia Cracker（HCCL）和BCCL（BCCL）与Hindubusinessline.com的本身。该公司及其子公司于4月与加尔各答高等法院联系以批准该计划。创建子公司是为了运行工厂的一部分并吸引投资。合并提案已经得到银行家的批准。银行业消息人士称，合并将增加公司的重估储备，从而增加其净资产。此外，合并可能会因子公司内部或子公司和控股公司之间的业务交易而弥补税收泄漏范围。The standalone petrochemicals segment reported a net-worth of ?2,844 crore in 2006-07, after which the company’s fortunes started declining.The situation started worsening rapidly in 20011-12, when operations were seriously affected due to a cash crunch and the company was reported to the Board for Industrial and Financial Reconstruction (BIFR) for incipient or potential sickness, meaning its accumulated losses were more than half of its peak net-worth. Production was stalled for seven months in 2014-15, pushing the company deeper into the red. HPL would have ended with a negative net worth in the last fiscal year if the Chatterjee had not acquired a majority stake in the company from the West Bengal government, with SBI supporting it with a timely debt recast. While the results for 2015-16 have not yet been declared, sources say HPL has recorded a dramatic turnaround with its EBIDTA reaching around ?2,000 crore or more, riding on the boom in the petrochemicals industry.