Tuesday, January 27, 2009

HMEL Awards 1,400-cr Contract To Kazakh Firm - Jan 27, 2009

HPCL-Mittal Energy Ltd (HMEL) has bagged contracts worth Rs 1,400 crore to a Kazakhstan firm in their upcoming Bhatinda refinery project in Punjab. HPCL-Mittal Energy Ltd is a joint venture between state-run Hindustan Petroleum and Mittal Energy Investment Pte Ltd

HMEL has signed agreements with JSC OGCC KazStroyServise (KSS) and its subsidiaries on Jan 24. KSS is a Kazakhstan engineering firm and is the parent company for Petron Engineering Construction Ltd and Petron Civil Engineering Pvt Ltd. However, KSS and subsidiaries will be carrying out the construction of Sulphur Unit along with the Heaters, Structure work for refinery unit including CDU & VDU and select refinery buildings. Hindustan Petroleum Corp Ltd and Mittal Energy Investment Pte Ltd, Singapore, a Lakshmi N Mittal Group company, have 49 per cent stake each in the Bhatinda refinery project. While the remaining two per cent is with Indian financial institutions.

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