Hindustan Petroleum awaits nod to kickstart Bhatinda plan
Hindustan Petroleum Corporation Ltd (HPCL) hopes to kickstart its new refinery project at Bhatinda in Punjab once the Public Investment Board (PIB) accords the second stage clearance for its investment proposals.

Indian Oil keen to alter Paradip equity structure
Indian Oil Corporation (IOC) is seeking government permission to restructure its equity stake in the joint venture refinery to be set up with Kuwait Petroleum Corporation (KPC). In the revised structure, both the partners will hold 50% equity apiece, against the earlier proposed 26 per cent each.

Calcutta Chemical Company AGM likely to be put off
The Calcutta Chemical Company annual general meeting is likely to be postponed to a date in October as the Company Law Board (CLB) is hearing a challenge posed by a shareholder against the sale of the company.

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