Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / Bathinda refinery starts crude processing
BackBack

Bathinda refinery starts crude processing

Bathinda refinery starts crude processing

Premium

New Delhi: Bathinda refinery, the producer of 180,000 barrels per day (bpd), started crude oil processing in trial runs on 29 August a source with direct knowledge of the plant told Reuters on Tuesday, with first products expected in four to five days.

The refinery is owned by Hindustan Mittal Energy Ltd (HMEL), a joint venture between state-run Hindustan Petroleum and billionaire Lakshmi Mittal’s Mittal Energy.

Project consultant, Engineers India Ltd (EIL), had said last month the plant would start crude runs in August and be fully operational by November.

The land-locked refinery is in the northern Punjab state. It adds to India’s current refining capacity of close to 4 million bpd.

The last refinery commissioned in India was earlier this year, when Bharat Oman Refinery Ltd (BORL), a joint venture of Bharat Petroleum and Oman Oil Co, started its 120,000 bpd Bina plant in central India.

Refiners from Malaysia and China to India are investing billions of dollars to boost capacity to feed rising regional demand, while counterparts in the United States and Europe restructure or shut plants as fuel sales slow.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 30 Aug 2011, 12:13 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie