HMEL aims for greater Indian market share

摘要

Singapore—India’s HPCL-Mittal Energy Limited, or HMEL, has ambitious plans to boost refining capacity by about 67% to 300,000 b/d in the next five to seven years to grab a bigger share of the country’s rapidly growing oil products market, a senior company source said Thursday. The source, who declined to be identified, said that the target of the company, which is an equal joint venture between India’s staterun Hindustan Petroleum Corp Limited and the private Mittal Energy Investments, was to grow refining capacity from the current 9 million mt/year (180,000 b/d) to about 15 million mt/year.