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HPCL gets approval for $5.98-billion refinery and petrochemical complex in India

3:44 AM MDT | September 20, 2013 | Deepti Ramesh

The Indian government says that the Cabinet has today approved Hindustan Petroleum Corp. Ltd’s. (HPCL; Mumbai) previously announced 9-million m.t./year greenfield refinery and petrochemical complex at Barmer, in the state of Rajasthan, India. The project will involve a total investment of about 372.3 billion Indian rupees ($5.98 billion). HPCL is owned by the government of India. HPCL, in July 2013, signed a joint venture agreement with the local government in the state of Rajasthan, for building the refinery and petrochemical complex at Barmer. HPCL will...

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