HSD deal waiting green signal

The proposed export of High Speed Diesel (HSD) to Bangaldesh from India has hit a speed breaker before smooth run.. Thought the deal was struck in May last between Bharat Petroleum (BP) and Bangladesh Petro Chemical Limited (BPCL) for export of 1,20,000 MMT HSD per year to Bangladesh, yet the Union Ministry of Defence and Ministry of Shipping

India yet to give the nod. The HSD is to be exported via sea-route. The Numaligarh Refinery Limited (NRL) has also come under scanner. However, NRL sources refuted apprehension of it getting stalled.

The complexities in the process, sources said, are a part of it and there is also a provision in the contract of further extending the time.

KOUSH!K HAZARIKA