HPCL’s 37,230 cr refinery cum petrochemical project likely to get Cabinet nod

16-Sep-13

The Rs 37,230-crore refinery-cum-petrochemical project proposal by Hindustan Petroleum Corporation Ltd (HPCL) in Rajasthan is set to go for Cabinet clearance next week. This will be the largest investment item the state would see till date. The proposal will be placed before the Public Investment Board, as the petroleum ministry moves a note to take it up before the Cabinet Committee on Economic Affairs. The state government had recently decided to shift the site to Pachpadra, about 40 km away from the initially-planned location at Leelala village, both in Barmer district. Farmers in Leelala sought higher prices that rose from Rs 20,000 a bigha to Rs 40-60 lakh, after project announcement.