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Lakshmi Mittal, HPCL to commission Bhatinda refinery by July

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Press Trust of India New Delhi

Steel tycoon Lakshmi N Mittal and his partner Hindustan Petroleum Corp (HPCL) will commission a Rs 18,919-crore refinery at Bhatinda in Punjab by June/July.

"Mechanial completion (of the 9 million tonne per annum unit) is over," HPCL Chairman and Managing Director Subir Roy Choudhury told reporters here.

The unit will start processing crude oil by June-end and products will be in market by August-September, he said.

State-owned HPCL and Singapore-based Mittal Energy Investment Pte Ltd, an LN Mittal Group firm, own 49% each in HPCL-Mittal Energy (HMEL), which is building the Rs 18,919 crore refinery at Bhatinda in Punjab.

The remaining 2% in HMEL is with financial institutions.

 

Most of the 1,014-km cross-country pipeline which will carry imported crude oil from Mundra, in Gujarat, to the refinery, is also complete.

The refinery was mechanically completed by April, 2011 and all its units will be sequentially commissioned by the September, he said.

It will be a zero bottoms, energy efficient, environment- friendly, high distillate yielding complex refinery that will be producing clean fuels and polypropylene by processing heavy, sour and acidic crudes.

Its configuration translates into one of the highest Nelson Indexes for the refinery among all the refineries in the country.

The Nelson Complexity Index indicates the value addition potential of a refinery.

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First Published: May 10 2011 | 8:14 PM IST

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