The Guru Gobind Singh refinery is planning to increase its refining capacity to 18 million metric tonnes per annum and set up a petrochemical complex, Refinery is placed at Bhatinda in Punjab.
The unit is run by HPCL-Mittal Energy Ltd a joint venture between Hindustan Petroleum Corp. Ltd and Mittal Energy Investments Pvt. Ltd, Singapore. Report said that presently they are working on the plan and would be shortly finalizing details.
HMEL is currently expanding the capacity of the refinery from 9 mmtpa to 11.5 mmtpa, raising refinery throughput by about 25%. The expansion could cost over Rs5,000 crore. After the target is reached, the capacity would be eventually raised to 18 mmtpa. The expansion could cost the company Rs20,000-30,000 crore, said by market rsource. The petrochemical complex would include a new naphtha cracker.
