Lakshmi Mittal refinery's new pipeline
Steel magnate Lakshmi Mittal has had a bad year, dropping from rank six to 21 on Forbes magazine’s richest billionaires list after losing $10.4bn.
In consolation Hindustan Mittal Energy, his JV with state-owned Hindustan Petroleum, is this week scheduled to commission a 250-km, 18-inch diameter pipeline to evacuate products from its 9m t/y refinery at Bhatinda in Punjab. HMEL’s Guru Gobind Singh Refinery will begin sending up to 1.37m t/y of petrol, diesel and kerosene through an 18-inch diameter, 10-km pipeline to HPCL’s Raman Mandi storage facilities in Bhatinda.
HPCL will transport these products through the 250-km pipeline to its storage terminals at Bahadurgarh in nearby Haryana, for distribution to retail stations it operates. HMEL also owns and operates a 1024-km crude oil pipeline connecting Mundra Port in Gujarat to Bhatinda.
Prime Minister Manmohan Singh inaugurated the long-delayed HMEL refinery on April 28.