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HPCL jumps on starting 9 mt refinery at Bhatinda-news30032012


Hindustan Petroleum Corporation ( HPCL) rose over 6%, touching the weekly high of Rs301.90, fter Hindustan Mittal Energy Ltd ( HMEL), a joint venture between the company and Lakshmi Mittal’s Mittal
Energy, said all units at the 180,000 barrel per day (bpd) Bathinda plant are commissioned.

“ HPCL- Mittal Energy has commissioned its 9 million tonne a year or 180,000 barrels a day Guru Gobind Singh Refinery (GGSR) at Phullokari, Bhatinda,' the report suggests.

HMEL is an equal JV between state-run Hindustan Petroleum and Mittal Energy Investment, Singapore, part of the LN Mittal group. Both partners hold 49% equity stake each in the company and the balance 2% is held by Indian financial institutions.

....more info



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