April 8, 2026 5:07 PM
Cabinet approves cost revision for HPCL Rajasthan refinery project; boosts equity infusion
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved a substantial revision in the cost of the HPCL Rajasthan Refinery project, raising it to Rs 79,459 crore from Rs 43,129 crore. The Cabinet also cleared an additional equity infusion of Rs 8,962 crore by Hindustan Petroleum Corporation Ltd (HPCL), taking the company’s total equity investment in the project to Rs 19,600 crore, the government said on Wednesday. Located at Pachpadra in Rajasth...