REC extends Rs 4,785 cr for HPCL project in Barmer
POWER & RENEWABLE ENERGY

REC extends Rs 4,785 cr for HPCL project in Barmer

HPCL Rajasthan Refinery Limited (HRRL) executed a loan agreement under a consortium arrangement for Rs 48,625 crore wherein the share of state-run REC is Rs 4,785 crore. HRRL is setting up a greenfield refinery cum petrochemical complex, with a capacity of 9 MMTPA in Barmer district, Rajasthan at a project cost of Rs 72,937 crore.
 
HRRL is a JV company of Hindustan Petroleum Corporation (HPCL) and the Government of Rajasthan, incorporated on September 18, 2013. HPCL holds 74% equity stake in HRRL while the balance of 26% is held by the Government of Rajasthan.

The Project includes setting up an energy-efficient and environment-friendly refinery cum petrochemical complex with a capacity of 9 MMTPA, setting up a pipeline for transportation of both Rajasthan Crude and imported crude, pipeline for transportation of water to the refinery site, a captive Power Plant for meeting refinery power and steam requirement, crude and product storage facilities, township and allied facilities and utilities.

The project will be producing clean fuels such as BS-VI grade Motor Sprit (MS or Petrol) and BS-VI grade High-Speed Diesel (HSD or Diesel) and petrochemical products such as Polypropylene, Butadiene, LLDPE, HDPE, Benzene and Toluene. The project will cater to the increased demand of petroleum and petrochemical products in the country and the Western, Northern and Central parts of India in particular.

HPCL Rajasthan Refinery Limited (HRRL) executed a loan agreement under a consortium arrangement for Rs 48,625 crore wherein the share of state-run REC is Rs 4,785 crore. HRRL is setting up a greenfield refinery cum petrochemical complex, with a capacity of 9 MMTPA in Barmer district, Rajasthan at a project cost of Rs 72,937 crore. HRRL is a JV company of Hindustan Petroleum Corporation (HPCL) and the Government of Rajasthan, incorporated on September 18, 2013. HPCL holds 74% equity stake in HRRL while the balance of 26% is held by the Government of Rajasthan.The Project includes setting up an energy-efficient and environment-friendly refinery cum petrochemical complex with a capacity of 9 MMTPA, setting up a pipeline for transportation of both Rajasthan Crude and imported crude, pipeline for transportation of water to the refinery site, a captive Power Plant for meeting refinery power and steam requirement, crude and product storage facilities, township and allied facilities and utilities.The project will be producing clean fuels such as BS-VI grade Motor Sprit (MS or Petrol) and BS-VI grade High-Speed Diesel (HSD or Diesel) and petrochemical products such as Polypropylene, Butadiene, LLDPE, HDPE, Benzene and Toluene. The project will cater to the increased demand of petroleum and petrochemical products in the country and the Western, Northern and Central parts of India in particular.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code