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HPCL inks JVA with Rajasthan government for Barmer refinery

18 Aug 2017 Evaluate

Hindustan Petroleum Corporation (HPCL) has inked a joint venture agreement (JVA) with the Rajasthan government for the upcoming mega petroleum refinery in Barmer at a cost of Rs 43,129 crore. Under the agreement, HPCL will hold 74% stake in the joint venture, HPCL Rajasthan Refinery, while the state government will hold the rest 26%.

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 1318.10
Indian Oil Corpn. 146.10
Bharat PetroleumCorp 319.00
HPCL 386.00
MRPL 175.70
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