New Delhi, April 8 -- The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved revision in the project cost of HPCL Rajasthan Refinery Limited (HRRL) from Rs 43,129 crore to Rs 79,459 crore.

It also gave its nod for additional equity infusion to the tune of Rs 8,962 crore by oil major HPCL in the joint venture refinery project. This takes the total equity contribution in the joint venture project by HPCL to Rs 19,600 crore.

HRRL, a joint venture between HPCL and the Government of Rajasthan with equity participation of 74 per cent and 26 per cent respectively, is a 9 MMTPA greenfield refinery-cum-petrochemical complex with a petrochemical production capacity of 2.4 MMTPA. It is located in Pachpadra, Balotra district.

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