Financial Daily
from THE HINDU group of publications
Tuesday, July 17, 2001
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Financial Daily from THE HINDU group of publications Tuesday, July 17, 2001 |
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Chennai Petroleum clarifies
S. Ansar Shah, Sr. Manager (Public Relations),
Chennai Petroleum Corporation Ltd, Chennai
This is with reference to ``CPCL to seek nod for raising board strength'' (Business Line, July 11). The statement that ``The three IOC representatives recently replaced the three nominees of the Union Government after the Government sold its holding in C
PCL to IOC'' is incorrect. The three IOC representatives were nominated to the CPCL board by IOC, and not in replacement of the Government Directors. Government Directors, two in number, (not three as reported) continue to be on the CPCL board. Also the
nominees of National Iranian Oil Company are ``two'' and not ``three'', as reported.
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