{"id":405730,"date":"2021-03-19T08:31:14","date_gmt":"2021-03-19T03:01:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=405730"},"modified":"2021-03-19T09:04:33","modified_gmt":"2021-03-19T03:34:33","slug":"nclt-approves-haldia-petrochemicals-scheme-to-revive-nagarjuna-oil-corp","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/nclt-approves-haldia-petrochemicals-scheme-to-revive-nagarjuna-oil-corp\/","title":{"rendered":"NCLT approves Haldia Petrochemicals scheme to revive Nagarjuna Oil Corp"},"content":{"rendered":"<p>The National Company Law Tribunal (NCLT), Chennai has given its nod for Haldia Petrochemicals (Haldia Petro) scheme, submitted through the Liquidator V Mahesh, for the revival of Nagarjuna Oil Corporation Limited (NOCL).<\/p>\n<p>While the full order copy was not released yet, the liquidator V Mahesh has confirmed the development. However, he didn&#8217;t share the other details stating that detailed order is still awaited. The copy will have Haldia&#8217;s proposal, including the haircut which lenders will take. <\/p>\n<p>Haldia Petro is planning to invest around Rs 50,000 crore to convert this refinery into a petrochemical complex. <\/p>\n<p>Haldia Petro was among the three prospective bidders, the other two are Accord Distillers and Brewers P Limited and Adani Ports and Special Economic Zone Limited.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Company Law Tribunal (NCLT), Chennai has given its nod for Haldia Petrochemicals (Haldia Petro) scheme, submitted through the Liquidator V Mahesh, for the revival of Nagarjuna Oil Corporation Limited (NOCL). While the full order copy was not released yet, the liquidator V Mahesh has confirmed the development. However, he didn&#8217;t share the other details stating that detailed order is still awaited. The copy will have Haldia&#8217;s proposal, including the haircut which lenders will take. Haldia Petro is planning to invest around Rs 50,000 crore to convert this refinery into a petrochemical complex. Haldia Petro was among the three [&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":[135,130,169],"tags":[],"class_list":["post-405730","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/405730","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=405730"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/405730\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=405730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=405730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=405730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}