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HPCL to resume work on Rajasthan oil refinery

18 Apr 2017 Evaluate

Hindustan Petroleum Corporation (HPCL) has decided to resume work on Rajasthan oil refinery. The company’s board at its meeting held on April 17, 2017 has approved resumption of Rajasthan refinery project and signing of revised Memorandum of Understanding (MoU) with the Government of Rajasthan for implementation of the project.

HPCL is an Indian state-owned oil and natural gas company with its headquarters at Mumbai, Maharashtra. It has about 25% marketing share in India among PSUs and a strong marketing infrastructure.

Peers
Company Name CMP
Reliance Industries 1204.95
Indian Oil Corpn. 133.50
Bharat PetroleumCorp 303.25
HPCL 343.45
MRPL 168.85
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