The ambitious nine million tone HPCL-Mittal Energy Ltd (HMEL) promoted Bathinda oil refinery would be inaugurated in mid-April this year, Punjab deputy chief minister Sukhbir Singh Badal said on Thursday.
HPCL-Mittal Energy managing director-cum-chief executive officer Prabh Das met Badal on Thursday and appreciated the state's cooperation in completion of the Rs 21,500-crore mega project, an official release said.
Das said that the refinery, the work on which commenced in 2008, started refining oil in a record time of less than 48 months.
He further said that the construction of crude oil terminal and laying of 1,017 km pipeline between Gujarat's Mundra port and Bathinda was also completed in record 27 months.
On the occasion, Badal said with the commissioning of the refinery, the Punjab government would now attract tertiary industry that could use the by-products of refinery as raw material.
For this purpose, he has asked the state industry department to set up an industrial park of 200 acres in the vicinity of refinery. Badal added that the setting up of Bathinda refinery would boost industrial growth of the state.
The refinery would produce high value petroleum products such as LPG, naphtha, petrol, diesel, aviation fuel, pet coke etc. The liquid products would be marketed through HPCL, while solid products like sulphur, pet-coke and polypropylene would be sold directly by HMEL.
HMEL is a joint venture between Hindustan Petroleum Corporation Limited (HPCL) and Mittal Energy Investment Pte Ltd Singapore - a Lakshmi N Mittal group company. Both the JV partners hold a stake of 49 per cent each in the company, with the remaining 2 per cent held by financial institutions.