Lakshmi Niwas Mittal

HPCL-Mittal Energy Limited (HMEL) will invest Rs 2,600 crore in the speciality and fine chemicals sector in Punjab, renowned industrialist Lakshmi Niwas Mittal said on Friday. HMEL will also enter the retail fuel sector and open 500 retail outlets across the country, he added. Mittal, who is also the executive chairman of ArcelorMittal, was addressing a gathering during the three-day Progressive Punjab Investors Summit 2026, which began here on Friday. On the occasion, Punjab Chief Minister Bhagwant Mann, AAP national convener Arvind Kejriwal and other dignitaries were present. The AAP government is holding the summit to showcase investment opportunities in Punjab. During his address, Mittal said HMEL is now moving forward with investments in the speciality and fine chemicals sector. "We are moving forward in the speciality and fine chemicals sector for which we are announcing a new investment of Rs 2,600 crore," Mittal said. Referring to HMEL's Guru Gobind Singh refinery in Bat

The plant, coming up at Kendrapara, is in addition to other investments of AM/NS in the state such as 6MTPA pelletization plant in Paradeep, beneficiation complex in Keonjhar and slurry pipeline

India's HPCL-Mittal Energy Ltd, part owned by steel tycoon L N Mittal, will shut its 226,000 bpd Bathinda refinery in Punjab for about 40 days from end-January for maintenance, two sources said

Life in the steel industry is not easy. The gospel truth came from none other than the Chairman and CEO of ArcelorMittal, the world's largest steelmaker, Lakshmi N Mittal."Life in the steel industry in the last few years has not been easy. To be honest, life in the steel industry has often not been easy," he said in Kolkata at the St Xavier's University. Mittal, who happened to be a graduate of St. Xavier's College, Kolkata, flew down from London to flag off the commencement of the first academic session of the university. The steel industry, the world over, has gone through a turmoil the last couple of years. The main reason being the flood of exports from China that nearly wrecked every steel market around the globe."As you can imagine given the size and scale of the company today, my leadership team is very important to me," Mittal went on. ArcelorMittal has 2,00,000 employees and operations in 60 countries.But the empire wasn't built in a day and Mittal recounted how he started ...