{"id":298212,"date":"2019-10-28T12:10:22","date_gmt":"2019-10-28T06:40:22","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=298212"},"modified":"2019-10-28T12:20:02","modified_gmt":"2019-10-28T06:50:02","slug":"haldia-petrochemicals-bid-to-stay-strong","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/haldia-petrochemicals-bid-to-stay-strong\/","title":{"rendered":"Haldia Petrochemicals bid to stay strong"},"content":{"rendered":"<p>Haldia Petrochemicals Ltd, Bengal\u2019s premier manufacturing giant, has reported a surprise loss in the last financial year after three years of consecutive profits. <\/p>\n<p>The company, which produces polymer used in making plastic materials, recorded a Rs 309.5-crore loss in 2018-19 compared with Rs 102.4-crore profit a year ago. <\/p>\n<p>HPL is an unlisted company, majority owned by The Chatterjee Group, headed by Purnendu Chatterjee. West Bengal Industrial Development Corporation, the Bengal government\u2019s premier industry promotion outfit, is a significant minority shareholder. <\/p>\n<p>Rating agency Icra, a Moody\u2019s Investor Service Company, which periodically assesses the loan instruments of HPL, shifted the outlook to \u201cnegative\u201d from \u201cstable\u201d, while reaffirming AA rating on the long-term loans after the financial results.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Haldia Petrochemicals Ltd, Bengal\u2019s premier manufacturing giant, has reported a surprise loss in the last financial year after three years of consecutive profits. The company, which produces polymer used in making plastic materials, recorded a Rs 309.5-crore loss in 2018-19 compared with Rs 102.4-crore profit a year ago. HPL is an unlisted company, majority owned by The Chatterjee Group, headed by Purnendu Chatterjee. West Bengal Industrial Development Corporation, the Bengal government\u2019s premier industry promotion outfit, is a significant minority shareholder. Rating agency Icra, a Moody\u2019s Investor Service Company, which periodically assesses the loan instruments of HPL, shifted the outlook to [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,215,148],"tags":[],"class_list":["post-298212","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/298212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=298212"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/298212\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=298212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=298212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=298212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}