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HMEL delays start of Bathinda refinery to end June, source says

Reuters  |  NEW DELHI 

(Reuters) - HPCL-Mittal Energy Ltd (HMEL), part-owned by steel tycoon L N Mittal, has delayed the start-up of its in state by a fortnight to the end of this month, an industry source said.

The refiner shut the on April 30 for about 45 days to raise capacity by about 28 percent to 230,000 bpd. State-refiner Hindustan Petroleum Corp and Mittal Energy Investments Pvt Ltd each own a 49 percent stake in the project.

HMEL will also raise the capacity of its sulphur recovery unit to 700 tonnes a day from 600 tonnes as it seeks to increase the processing of cheaper tougher grades to maximise profit, said one of the sources.

The refiner will also increase the capacity of its vacuum gasoil hydrotreater to 3.5 million tonnes a year from 3 million tonnes now and build a bitumen blowing unit.

The company also plans to convert its captive power plant, running on diesel and gas, to be petcoke fired.

HMEL's chief executive Prabh Das declined to comment.

(Reporting by Nidhi Verma; Editing by Richard Pullin)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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