Work to start on HPCL refinery in Rajasthan

With the Rajasthan government agreeing to a revised fiscal package for the project, HPCL’s long-pending 9 mtpa refinery at Barmer in Rajasthan will go on stream soon,

Speaking at the Global Natural Resources Conclave in New Delhi, Union Oil Minister Dharmendra Pradhan said, “Very soon, work will start on the Rajasthan refinery project. We have finalised the financial assessment. ”

Speaking to reporters later, he said fiscal incentives for the project have been revised and a memorandum of understanding (MoU) is likely to be signed in Jaipur later this month.

“The fiscal package negotiated by the previous (Congress) government had put a big burden on Rajasthan. Now, that has been balanced,” he said.

Image credit: etimg.etb2bimg.com

Research Desk

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