For Quick Alerts
For Daily Alerts

Govt soon likely to declare Rs 37,230 cr refinery in Rajasthan

By Religare

In a letter to UPA Chairperson Sonia Gandhi, Petroleum Minister Veerappa Moily has requested to announce Rs 37,230 crore refinery-cum-petrochemicals project in the state of Rajasthan, as per the media reports.

"The 4,000 acres of land needed for the project in Pachpadra (Barmer District) in Rajasthan has been identified and is being acquired by the government of Rajasthan," Moily said in the letter.

The project, with annual capacity of 9 million tonnes, will be implemented as a joint venture between state-owned Hindustan Petroleum Corporation Ltd (HPCL) and the Ashok Gehlot-led government of Rajasthan.


While HPCL will hold 74 per cent equity stake in the project, the remaining stake will be hold by the state government.

HPCL will have the complete marketing rights for all the products including petrochemical products, which will be produced by the refinery. In addition, ONGC and Engineers India Ltd are likely to pick up some stake in the project, the report added.

Read more about: refinery
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more