Lenders of Haldia Petrochemicals Ltd on Monday met state Industry Minister Partha Chatterjee to discuss ways and means on how to prop up the ailing company.
Chatterjee said this was the first time that the West Bengal government, one of the principal shareholders of the company, was meeting the lenders to discuss the problems faced by the company.
Representatives of lenders were from IDBI Bank, IFCI, Punjab National Bank, State Bank of India, Allahabad Bank, ICICI Bank and Union Bank of India.
He said the points raised by the lenders would be discussed at the next board meeting of HPL to be held before March 31, 2012.
The lenders and the state government discussed how to improve the financial health of the company and also how to make operations viable.
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