HPCL calls for emergency board meet to clear Barmer’s new fiscal package

HPCL calls for emergency board meet to clear Barmer’s new fiscal package

The much-awaited Rs 42,000-crore Barmer refinery in Rajasthan by state-run Hindustan Petroleum Corporation Ltd (HPCL) may get a fresh lease, as the ministry of petroleum and natural gas may sign a fresh memorandum of understanding with the Rajasthan government this week with revised fiscal package for the project.

HPCL has called for an emergency board meeting to clear the revised terms and conditions of the project on Monday. On Tuesday, petroleum minister Dharmendra Pradhan and Rajasthan chief minister Chief Minister Vasundhara Raje will sign a fresh MoU on this in Jaipur. “The fiscal package negotiated by the previous (Congress) government had put a big burden on Rajasthan. Now, that has been balanced and work will soon start on the project,” said a senior official close to the development. Read More…

 

Credit By : Business Standard

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