Hindustan Petroleum Corp is considering setting up of a refinery and/or petrochemical project in South India, and take on steel tycoon Lakshmi Mittal, gas firm GAIL (India) Ltd and/or Oil India Ltd as partners. Mittal's Singapore-based Mittal Energy Investments is HPCL's partner with a 49% stake in a proposed refinery to be set up in Bhatinda in northern India.
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