GAIL (India) Ltd. is in talks with India's leading refining companies including the Essar Group and HPCL-Mit-tal Energy Ltd. (HMEL) for setting up a Rs. 20,000-crore plus naphtha-based petrochemical project in the country with a capacity of 1-mtpa. HMEL is a joint venture company formed by Hindustan Petroleum Corp. Ltd. (HPCL) and ArcelorMittal chairman, Mr. L.N.
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