Indian Oil is sole bidder for Haldia Petrochemicals

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SummaryRIL had objected to state govt's decision to receive bids in sealed envelopes instead of an open auction.

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HPL had an accumulated loss of Rs 1,980 crore at the end of March 31, 2012, and debt topping Rs 3,500 crore.

The plant, located 125 km from Kolkata at Haldia, operates at about 65 per cent of installed capacity.

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