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HMEL to shut refinery from mid-March to raise its capacity, sources say

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Reuters NEW DELHI
Last Updated : Aug 19 2016 | 4:57 PM IST

NEW DELHI (Reuters) - HPCL-Mittal Energy Ltd (HMEL), part owned by steel tycoon L N Mittal, plans to shut its 180,000 barrels per day (bpd) Bathinda refinery in Punjab for about 40 days from mid-March to raise its capacity by a quarter, sources said.

During the shutdown HMEL will raise the crude processing capacity of the existing crude distillation unit to about 225,000 bpd, sources with knowledge of the plan said.

State-refiner Hindustan Petroleum Corp and Mittal Energy Investments Pvt Ltd own 49 percent stake each in the project.

(Reporting by Nidhi Verma, editing by David Evans)

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First Published: Aug 19 2016 | 4:44 PM IST

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