HMEL was awarded the “Best Designed Stall in over 18 sq m” category at the IndPlas 2012 exhibition held from 5th to 8th October 2012, at Kolkata.
Fitch Rating Certification – August 2012 HMEL rated as ‘Fitch AA-(ind)’/ Stable. The ratings reflect the existence of HMEL’s firm ‘take-or-pay’ product off-take agreement with HPCL for the evacuation of produced liquids (about 80% of the total production) and the credit strength of its promoters. Fitch notes that HMEL’s liquid output is fulfilling the refined products requirements of HPCL’s distribution network in northern India, increasing the latter’s downstream integration. The ratings also benefit from the high refinery complexity, which would enable HMEL to command high refining margins.
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