A 18-member team of Hindustan Petroleum Corporation Ltd along with the representatives of Mittal Energy Investments Pte. Ltd, Sudhir Maheshwari on Saturday met Punjab Chief Minister Parkash Singh Badal to discuss about the 9 million tonne refinery to be set up in Bathinda.
The HPCL team was led by its Chairman and Managing Director Arun Balakrishanan.
During the meeting, the issues related to the pace of the implementation and likely date of its commissioning were discussed, said an official release issued here today.
The state government also reviewed the entire project in detail with the representatives of HPCL, Mittal Group & the Administrative Secretaries in order to work out the logistics and physical infrastructure in respect of road network, airport facility and modalities of land acquisition for refinery township and marketing terminal.
HPCL and Mittal Energy Investments Pte Ltd are having 49 per cent stake each in Rs 18000 crore Guru Gobind Singh Refinery Ltd (GGSRL) project while the balance 2 per cent stake will be held by financial institutions.
The refinery is being built up on EURO IV product specification with Captive Power Plant for 110 MW and Crude Oil pipeline from Mundra (Gujarat) to Bathinda with single plant mooring (SPM) and Crude Oil terminal at Mundra.
Punjab CM also said he hoped that the upcoming refinery in the Malwa belt would further kindle investment opportunities in the State and the Punjab government was committed to offer all support to the Mittal Group for facilitating further investments in the State.
Via: India Economic Times
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