Monday, October 22, 2007

Mittal in five prong petrochem MoU with HPCL, GAIL, Oil India and Total

LN Mittal has extended his group's foray into oil exploration and refining with an entry into petrochemicals to widen his presence in the hydrocarbons value-chain. Luxembourg-based Mittal Investments Sarl, has signed an MoU for setting up an integrated refinery-cum-petrochemicals complex at Visakhapatnam, with Indian refiner-marketer Hindustan Petroleum, Indian gas utility major GAIL, Oil India Ltd and French major Total.

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