Hindustan Petroleum Corporation (HPCL) is planning to ink fresh memorandum of understanding (MoU) with the Rajasthan Government to revive its Rs 37,230-crore refinery-cum-petrochemical complex plan in Rajasthan’s Barmer district.
Earlier in December 2013, Rajasthan Government had raised objections to the fiscal concessions proposed for the nine-million-tonne project.
HPCL operates two major refineries producing a wide variety of petroleum fuels and specialties, one in Mumbai (west coast) of 6.5 million metric tonnes per annum (MMTPA) capacity and the other in Vishakapatnam, (east coast) with a capacity of 7.5 MMTPA.
