HMEL to invest Rs 2,600 cr in Punjab chemicals sector

Mohali: HPCL-Mittal Energy Limited (HMEL) will invest Rs 2,600 crore in the speciality and fine chemicals sector in Punjab, renowned industrialist Lakshmi Niwas Mittal said on Friday. HMEL will also enter the retail fuel sector and open 500 retail outlets across the country, he added. Mittal, who is also the executive chairman of ArcelorMittal, was addressing a gathering during the three-day Progressive Punjab Investors Summit 2026, which began here on Friday. On the occasion, Punjab Chief Minister Bhagwant Mann, AAP national convener Arvind Kejriwal and other dignitaries were present. The AAP government is holding the summit to showcase investment opportunities in Punjab. During his address, Mittal said HMEL is now moving forward with investments in the speciality and fine chemicals sector. "We are moving forward in the speciality and fine chemicals sector for which we are announcing a new investment of Rs 2,600 crore," Mittal said.