Hindustan Petroleum Corporation’s (HPCL) Rs 43,129 crore refinery project in Barmer district of Rajasthan has achieved financial closure with tying up of a Rs 28,753 crore loan from a consortium of lenders.
The project, where HPCL owns 74 per cent stake and the balance is held by the Rajasthan government, will cost Rs 43,129 crore. Two-thirds of the project cost is being funded through loans and the remaining through equity by promoters.
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.
