India, April 8 -- The Government of India has issued a release:
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has approved the revision of HPCL Rajasthan Refinery Limited (HRRL) project cost from Rs.43,129 Crore to Rs.79,459 Crore and additional equity investment of Rs.8,962 Crore by Hindustan Petroleum Corporation Limited (HPCL). The total equity investment of HPCL after increment will be Rs.19,600 Crore.
Implementation Strategy and Targets:
HRRL Refinery is a highly complex refinery with more than 26% Petrochemical product slate. Together with production of 1 MMTPA of Petrol, 4 MMTPA of Diesel, it would produce 1 MMTPA of Polypropylene, 0.5 MMTPA of LLPDE (Linear Low Density Polyethylene), ...