The revised MoU signed by HPCL with Rajasthan for the Barmer refinery will save the state from large financial loss that could been suffered under the old “faulty” decision, Oil Minister Dharmendra Pradhan said
Investment worth Rs 70K crore expected in Petroleum and Petrochemical Sector in Rajasthan, Dharmendra Pradhan
Minister Pradhan said about Rs 43000 crore will be in invested in the refinery to be set up in Pachpadra in Barmer district while Rs 27000 crore will be invested in the oil fields of Cairn Energy.
Investment worth Rs. 70,000 crore is expected in the coming four years in Rajastha’a Petroleum and Petro Chemical projects, union petroleum minister Dharmendra Pradhan said on Tuesday at a function in Jaipur.
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.
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.
India’s largest power generation company, NTPC Ltd has taken over the Chhabra Thermal Power Plant Stage-I (4x 250 MW) and Stage-II (2×660 MW) of Rajasthan