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HPCL to commence work for Rajasthan refinery project

06 Sep 2013 Evaluate

Hindustan Petroleum Corporation (HPCL) will start the work on Rs 37,000 crore Rajasthan refinery project by the end of September. It will fast track the project as the land in Pachpadra village at Barmer district is already in the possession of the Rajasthan Government. The company holds 76% stake in the refinery, while the rest is held by the Rajasthan Government. This 9 million tonne per annum oil refinery will process crude oil from Cairn India’s oilfields and also from imported sources.

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.

Peers
Company Name CMP
Reliance Industries 1226.00
Indian Oil Corpn. 135.80
Bharat PetroleumCorp 307.55
HPCL 351.50
MRPL 164.85
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