HMEL to invest Rs 2,600 crore in Bathinda refinery

New Delhi: HPCL Mittal Energy Ltd (HMEL) is planning to invest ₹2,600 crore to set up a new petrochemical facility at its Bathinda refinery and enter the fuel retailing business.

"Under this investment, polypropylene downstream industries will be set up and new fine chemical projects will be established," the company said in a statement.

HMEL's refinery in Bathinda has emerged as a major hub for polypropylene manufacturing, meeting nearly 14% of the country's total polypropylene demand, said CEO Prabh Das.


The company is also planning to open petrol pumps across Punjab, the statement quoted Punjab Cabinet minister Sanjeev Arora as saying. The proposed fuel outlets will offer petrol, diesel, CNG and electric vehicle charging facilities.

HMEL, a joint venture between state-run Hindustan Petroleum Corporation Ltd and Lakshmi N Mittal Group, operates an 11.3 million tonnes per annum (mtpa) refinery and a 1.2 mtpa polyethylene plant and a 1 mtpa polypropylene plant at Bathinda.