Hindustan Petroleum Corporation Limited (HPCL) has received government approval for the revised cost of the HPCL Rajasthan Refinery Limited (HRRL) project. The project cost has been updated to Rs. 79,459 Crore, with HPCL committing an equity investment of Rs. 19,600 Crore to maintain its 74% stake. The refinery complex is currently in the advanced stages of commissioning and trial runs.
Refining and Petrochemical Expansion
Hindustan Petroleum Corporation Limited (HPCL) has announced a significant upward revision in the capital expenditure for its prestigious HPCL Rajasthan Refinery Limited (HRRL) project. As per the latest government approval, the total project cost has been escalated from the previous estimate of Rs. 43,129 Crore to Rs. 79,459 Crore.
Strategic Equity Investment
To support this expansion and maintain its strategic majority holding, HPCL will infuse Rs. 19,600 Crore in equity investment. This ensures that the company retains its 74% equity stake in the joint venture, underscoring its commitment to the project’s long-term success and national energy goals.
Project Status and Technical Capabilities
The HRRL facility is a sophisticated greenfield integrated refinery-cum-petrochemical complex. It is designed with a high Nelson Complexity Index of 17 and a petrochemical intensity of 26%, positioning it as a highly efficient asset in the company’s downstream portfolio.
The facility is currently in the advanced stage of commissioning. According to the company, trial runs for the Crude Distillation Unit (CDU) and other integrated units are actively in progress, marking a crucial step toward full operational capacity.
Source: BSE
