02. Badal favors to Mittal

Sep 03 2009, 05:59 hrs Mohali: One after another, the ‘bounties’ showered by Punjab Chief Minister Parkash Singh Badal are costing the Greater Mohali Area Development Authority (GMADA) dear. And as Punjab CM and GMADA Chairman, Badal’s directive is bound to be fulfilled, notwithstanding the loss it causes to GMADA.

The latest directive of the CM, which benefits HPCL-Mittal Energy Limited (HMEL), a joint venture of Hindustan Petroleum Corporation Limited (HPCL) and Mittal Energy Investment Private Limited, Singapore, has left GMADA poorer by almost Rs 21 crore.

On the directive of Badal, GMADA has bent its own policy to treat the private company at par with public limited companies for allotment of land at reserve price.

A chunk of 0.67 acre (3242.8 square yards) of prime land in Sector 79 has been allotted to HMEL, promoter of the Guru Gobind Singh Refinery Project in Bathinda, at the rate of Rs 36,000 per square yard. The land has been allotted for opening of its corporate office in Mohali.

Whistleblower Policy - HMEL

The objective of this Whistleblower policy is to provide HMEL stakeholders i.e. employees, vendors, customers a way to raise issues or concerns if the stakeholders have reason to believe that these standards or the Code of Conduct are being compromised. This policy covers HMEL and all its subsidiaries. The policy covers all permanent and temporary employees, Service Providers, Contractors, customers as well as vendors for HMEL and its subsidiaries. If a Whistleblower makes an allegation knowing it to be false or with mala fide intentions, no protection will be provided under this policy and he / she may be subject to disciplinary action.