Waiver of interest of Hindustan Organic Chemicals Ltd approved

The Government of India has given its ex-post facto approval for waiver of interest of Rs.7.59 crore on Government loans of Hindustan Organic Chemicals Limited (HOCL), as on March 31, 2005 in addition to the ‘waiver of penal interest and interest on interest up to 31st March, 2005’ that was earlier approved by the CCEA in March, 2006 under the rehabilitation package for HOCL.