New Delhi, April 8 -- The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved the revision in project cost of the HPCL Rajasthan Refinery Limited (HRRL) project in Pachpadra, Balotra district of Rajasthan, along with additional equity investment by Hindustan Petroleum Corporation Limited (HPCL).

According to an official release by the CCEA, the Cabinet approved the revision of the HRRL project cost from Rs 43,129 crore to Rs 79,459 crore, along with additional equity investment of Rs 8,962 crore by Hindustan Petroleum Corporation Limited (HPCL).

The total equity investment by HPCL after the increase will stand at Rs 19,600 crore.

The refinery project is a joint venture between Hi...