Here is update on the HEML Bathinda Coking Refinery – it seems the Punjab government is going rethink JV partner Mittal’s demand for incentives & loan now that the project is ~92% complete.
This is prime example of how projects in India work & why it will never achieve the growth that China has – a deal/contract/agreement is never final & as soon as you have committed assets on the ground, you become a hostage to the governments revised deals.
Regards
