(HT)
The Rajasthan government and the Hindustan Petroleum Corporation ltd (HPCL) Tuesday signed a fresh memorandum of understanding (MoU) for setting up a 9 million metric tonne (MMT) per annum capacity refinery-cum petrochemical-complex at Pachpadra in Barmer district of the state.
With this, the road has been cleared to resume work on the project, four years after it was first announced. The HPCL Rajasthan Refinery Limited, a joint venture between the HPCL and the state government, will build the refinery at an estimated cost of ₹43,129 crore.
The state has already allotted 4800 acre land in Barmer for the project. Expected to be set up within four years of getting all the mandatory approvals, the refinery will be the first in India to meet Bharat Stage-VI (BS-VI) specifications. It will produce BS-VI emission norms compliant fuel petrol and diesel apart from petrochemical byproducts such as polypropylene and polyethylene.
Hailing the move, Union Minister for Petroleum and Natural Gas Dharmendra Pradhan said, “Rajasthan is touching new dimensions under Vasundhara Raje’s leadership. The refinery is a big gift to eight crore people of Rajasthan, and to both the governments at Centre and in the state.”
