(EnergyAsia, June 26, Tuesday) — The Indian government has finally given the greenlight to UK-based steel baron Lakshmi Mittal to take up a 49% in Hindustan Petroleum Corp Ltd’s proposed Bhatinda refinery in Punjab state.Cabinet approval was needed, as there is an existing 26% cap on foreign investors taking a stake in state-run companies.That cap…
INDIA: Mittal approved to acquire 49% stake in HPL’s Bhatinda refinery
Posted on June 25, 2007 by EnergyAsia