HPCL, Mittal to invest US$3 bln petrochemical unit in Bhatinda

08-May-17

State-owned Hindustan Petroleum Corporation Ltd (HPCL) and its partner Lakshmi N Mittal will invest about US$3 bln in setting up a petrochemical complex at the Bhatinda refinery in Punjab. HPCL-Mittal Energy Ltd (HMEL), a joint venture between HPCL and Mittal Energy Investments Pvt Ltd, Singapore, plans to set up an up to 1.2 mln ton naphtha cracker,  expandable to 1.7 mt.


 

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