HPCL-Mittal Energy Limited (HMEL) is a joint venture between Hindustan Petroleum Corporation Limited (HPCL) and Mittal Energy Investment Pte Ltd, Singapore, a Lakshmi N Mittal Company. Both the JV partners hold a stake of 49% each in the company and the remaining 2% is held by financial institutions. HMEL operates the Guru Gobind Singh Refinery of 9 MMTPA at Bathinda in Punjab. The joint venture partners bring more than four decades of experience in the oil refining industry and expertise in the global industry to the table.
HMEL has also incorporated a wholly owned subsidiary HPCL-Mittal Pipelines Limited (HMPL) to set up and operate an SPM for crude oil receipt, storage and cross country transportation of crude oil. It has a pipeline of length 1017 km from Mundra to Bathinda.
The enormity of the Guru Gobind Singh Refinery project makes it the single largest investment at any location in Punjab. It is the first oil and gas project to be set up in the state. The refinery will produce petroleum products complying with Euro IV emission norms. The refinery is a zero bottom plant, with a very high Nelson Complexity Index.
