HPCL-Mittal Energy (HMEL) has fully operationalised its nine million tpa Guru Gobind Singh Refinery (GGSR) at Phullokari in Bathinda, Punjab.
The refinery has been built at a cost of $4 billion (approx Rs 20,000 crore). HMEL achieved the first liquid sales in December 2011 with dispatch of kerosene and the first solid sales in February 2012 with sale of petroleum coke. The company has 80 per cent off-take agreement with HPCL. Mittal Energy Investment Pte, Singapore, and HPCL hold 49 per cent stake each in HEML while the remaining two per cent interest is held by financial institutions.