Cabinet Approves Revision Of HRRL Project Cost And Equity
ECONOMY & POLICY

Cabinet Approves Revision Of HRRL Project Cost And Equity

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister, approved the revision of the HPCL Rajasthan Refinery Limited project cost from Rs.431,290 mn to Rs.794,590 mn and endorsed an additional equity investment of Rs.89,620 mn by Hindustan Petroleum Corporation Limited. The decision raises HPCL's total equity commitment to Rs.196,000 mn. The scheduled commercial operation date was set as the first July 2026 and the ministry outlined implementation targets for timely completion.

HRRL at Pachpadra is a nine million metric tonnes per annum (mn t per annum) greenfield refinery cum petrochemical complex with a petrochemical production capacity of two point four mn t per annum. The joint venture is held by Hindustan Petroleum Corporation Limited with 74 per cent equity and the Government of Rajasthan with 26 per cent. The complex is designed for a petrochemical product slate exceeding 26 per cent and will produce one mn t per annum of petrol and four mn t per annum of diesel alongside one mn t per annum of polypropylene.

It will also produce zero point five mn t per annum of linear low density polyethylene and zero point five mn t per annum of high density polyethylene plus zero point four mn t per annum of benzene, toluene and butadiene, supplies that are integral to sectors such as transportation, pharmaceuticals, paints and packaging. The project is expected to advance energy independence and reduce import dependence in the petrochemical sector, contributing to foreign exchange savings. The development is intended to spur industrialisation of a backward area, leverage locally available Mangala crude and position the country as a refining hub.

During construction, the project generated employment for approximately 25,000 workmen employed by various stakeholders, supporting local livelihoods. The ministry indicated that project execution will be monitored to meet quality and timeline targets. Stakeholders were urged to ensure safety, environmental compliance and timely commissioning.

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister, approved the revision of the HPCL Rajasthan Refinery Limited project cost from Rs.431,290 mn to Rs.794,590 mn and endorsed an additional equity investment of Rs.89,620 mn by Hindustan Petroleum Corporation Limited. The decision raises HPCL's total equity commitment to Rs.196,000 mn. The scheduled commercial operation date was set as the first July 2026 and the ministry outlined implementation targets for timely completion. HRRL at Pachpadra is a nine million metric tonnes per annum (mn t per annum) greenfield refinery cum petrochemical complex with a petrochemical production capacity of two point four mn t per annum. The joint venture is held by Hindustan Petroleum Corporation Limited with 74 per cent equity and the Government of Rajasthan with 26 per cent. The complex is designed for a petrochemical product slate exceeding 26 per cent and will produce one mn t per annum of petrol and four mn t per annum of diesel alongside one mn t per annum of polypropylene. It will also produce zero point five mn t per annum of linear low density polyethylene and zero point five mn t per annum of high density polyethylene plus zero point four mn t per annum of benzene, toluene and butadiene, supplies that are integral to sectors such as transportation, pharmaceuticals, paints and packaging. The project is expected to advance energy independence and reduce import dependence in the petrochemical sector, contributing to foreign exchange savings. The development is intended to spur industrialisation of a backward area, leverage locally available Mangala crude and position the country as a refining hub. During construction, the project generated employment for approximately 25,000 workmen employed by various stakeholders, supporting local livelihoods. The ministry indicated that project execution will be monitored to meet quality and timeline targets. Stakeholders were urged to ensure safety, environmental compliance and timely commissioning.

Next Story
Infrastructure Energy

India Adds Record 44.61 GW Solar Capacity in FY2026

India’s solar sector reached a milestone in FY2026, with cumulative installed capacity crossing 150 GW and annual additions hitting a record 44.61 GW, exceeding the government target of 34 GW and nearly doubling FY2025’s 23.83 GW. Distributed Renewable Energy contributed 16.3 GW, while PPA and C&I segments accounted for 34 per cent and 30 per cent, respectively.India has risen from 9th globally in 2015 to 3rd in cumulative solar capacity by 2025 and is set to become the world’s second-largest solar market in annual installations in 2026. Seven states, led by Rajasthan and Gujarat, ac..

Next Story
Real Estate

Abhee Ventures unveils Scottish-themed 45-acre township in Bengaluru

Abhee Ventures, a leading South Indian real estate developer, has announced “Codename New Dimension,” a 45-acre Scottish-themed residential township at Gunjur on Whitefield–Sarjapur Road, Bengaluru. Strategically located between Whitefield and Sarjapur Road, Gunjur benefits from strong connectivity to the Outer Ring Road IT corridor, ITPL, EPIP, the upcoming Dommasandra Metro Station, and the proposed SWIFT City and Peripheral Ring Road.The township, designed in collaboration with London-based UHA London and India’s RSP Architects, offers low-density living with 85 per cent open spaces..

Next Story
Infrastructure Urban

BPE launches world’s thinnest Active Tile for legacy data centres

Best Power Equipments (India) Pvt Ltd (BPE), a leading provider of power solutions, data centre systems, and Battery Energy Storage Systems (BESS), has launched the BPE Active Tile, the world’s thinnest active tile designed for legacy data centres and telecom infrastructure. At just 65 mm thick, the tile requires significantly less space than conventional active tiles, which need nearly 450 mm floor depth.“Most legacy data centres were built decades ago for lower IT loads and traditional airflow patterns,” said A Prabhu, Executive Director – Technical (Global Operations), BPE. “As ra..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement