Mumbai, Sept 6: Hindustan Petroleum Corporation Ltd would be - TopicsExpress

Mumbai, Sept 6: Hindustan Petroleum Corporation Ltd would be breaking ground for the Rs 37,000 crore Rajasthan refinery-cum-petrochemical project by the end of September. The project is expected to be fast-tracked because the land in Pachpadra village at Barmer district is already in the possession of the Rajasthan Government. HPCL holds 76 per cent stake in the refinery, while the rest is held by the Rajasthan Government. The 9 million tonne per annum oil refinery will process crude oil from Cairn India’s oilfields and also from imported sources. The Director (Refineries), B.K. Namdeo, addressing the media on Thursday evening said that the crude oil from Cairn’s fields had high hydrogen content, which will be helpful in extracting petrochemicals from the crude oil.

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