Bathinda refinery project will be ready by Mar 2011: Badal
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Last Updated: Wednesday, February 03, 2010, 20:21
  
Chandigarh: Punjab Chief Minister Parkash Singh Badal on Wednesday said the Rs 18,919-crore Guru Gobind Singh Bathinda refinery, would contribute Rs 5,000 crore to the state's exchequer.

Noting that the refiner would be ready by March 2011, three months ahead of the schedule, Badal said 65 per cent work on the refinery has been completed and 60 per cent work on laying of pipeline has also been finished.

"According to a study conducted by Panjab University, Chandigarh, the commissioning of 9 Million Metric Tonne refinery would contribute a growth of Rs 5000 crore to the state economy," he at press conference here.

The CM held a meeting with high level delegation led by Prabh Das, Chief Executive Officer of HPCL-Mittal Energy Ltd (HMEL).

On being asked about the state government's stance on the concession sought by HMEL, he said that a committee comprising State Finance Minister Manpreet Badal and Chief Secretary S C Aggarwal would look into the demands.

Promoters of HMEL have been demanding more fiscal incentives from the Punjab government for this project.

More than 700 km of connecting pipeline out of 1,000 km had been laid from Mundra port in Gujarat to Bathinda and the remaining 300 km would be completed by May this year, the Chief Minister was told.

The company had already spent nearly Rs 7,000 crore on the project which entails a total investment of nearly Rs 19,000 crore.

PTI


First Published: Wednesday, February 03, 2010, 20:21


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