(EnergyAsia, February 27) — Luxembourg’s Mittal Investments has paid Rs32 billion for a 49% stake in an oil refinery being built by Hindustan Petroleum Corporation (HPCL) in India’s Punjab state. (US$1=Rs44). The investment marks the first foreign direct investment (FDI) in India’s oil refining industry as well as Mittal’s entry into the business. The domestic-oriented…

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