Haldia Petro Ropes In Bechtel As Contractor

We have finalised the contract with Bechtel, contrary to speculations that they were walking out. Bechtel will be the project management contractors for HPL henceforth, Krishnamoorthi told Business Standard.

Toyo Corporation, the Japanese contractor for the naphtha cracker plant, is due to start work at the project site from October onwards.

All financial institutions have cleared the deferred payment guarantee of Rs 520 crore against suppliers' credit of Rs 453 crore from Japan's Exim Bank.

The three promoters of the project