By delaying the Barmer refinery project by four years, the state has suffered revenue loss, job loss and business loss, which together combined is much more than ₹40,000 crore that the BJP government in Rajasthan claims to have saved by inking a fresh deal with HPCL, former chief minister Ashok Gehlot said Wednesday.
Hindustan Petroleum Corporation Limited (HPCL), one of the biggest Navratna Public Sector oil Companies in India will be setting up a 9 MMTPA (Million Metric Tonnes Per Annum) capacity grass root Refinery cum Petrochemical Complex at Barmer, in Rajasthan in Joint venture with Government of Rajasthan (GOR). This estimated cost of the project is Rs.43,129 crore.
Hindustan Petroleum Corporation Ltd (HPCL) and Government of Rajasthan have signed a revised memorandum of understanding (MOU) for HPCL’s proposed 9 million metric tonnes per annum (MMTPA) grass root refinery in the state, paving the way for the resumption of project, which was first announced four years ago.
Essar Oil Ltd., which operates India’s second largest private sector refinery and the largest private sector oil retail network, today reported robust growth across its refining and retail functions in FY 2016-17.
Rajasthan Government and HPCL have come together to set up a 9 MT refinery in Barmer. “Modi Government’s gift to people of Rajasthan on RajasthanDiwas,” union petroleum minister of state (I/C) Dharmendra Pradhan tweeted on Thursday.