Question:medium

Which among the following company/entity has a majority stake in the West Bengal-based Haldia Petrochemicals Ltd (HPL)?

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Think about the long running ownership fight between the West Bengal government and HPL's private promoter, The Chatterjee Group.
Updated On: Jul 13, 2026
  • Purnendu Chatterjee
  • Tata group
  • West Bengal government
  • TOC
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The Correct Option is A

Solution and Explanation

This question checks basic awareness of who controls Haldia Petrochemicals Ltd (HPL), a well known petrochemical company from West Bengal that was often in the news for an ownership fight.

  1. Purnendu Chatterjee: He runs The Chatterjee Group (TCG), the private promoter of HPL. Adding up TCG's own holding and the shares of its associate firms gives Chatterjee's side the single largest block of stock in the company, more than the state government holds on its own.
  2. Tata group: Tata was one of the smaller original partners that helped set up HPL but never built up a controlling stake.
  3. West Bengal government: The state holds a big chunk of HPL directly, since it helped promote the plant, but its share alone is smaller than the combined Chatterjee side.
  4. TOC: This does not refer to any real party with a stake in HPL.

So the majority stake sits with Purnendu Chatterjee's group of companies, which is exactly why the West Bengal government and TCG fought for years over who really runs HPL.

Let's summarize:

  • HPL was set up jointly by the West Bengal government and The Chatterjee Group, with Tata group as a smaller partner.
  • Purnendu Chatterjee's combined holding through TCG and its associates outweighs the state government's own share.

The correct answer is Purnendu Chatterjee.

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