HPCL Rajasthan Refinery Limited (HRRL) signed a credit agreement for Rs.48,625 crore under a consortium arrangement, with the state-run REC Ltd owning 24,785 crore. HRRL is constructing a greenfield refinery and petrochemical complex with a capacity of 9 MMTPA in Rajasthan’s Barmer district at a cost of 72,937 crore.
HRRL is a Joint Venture (V) business formed on September 18, 2013 by Hindustan Petroleum Corporation Limited (HPCL) and the Government of Rajasthan. HPCL owns 74% of HRRL, with the government of Rajasthan owning the remaining 26%.
The project entails constructing an energy-efficient and environmentally friendly refinery cum petrochemical complex with a capacity of 9 MMTPA, constructing a pipeline for transportation of both Rajasthan Crude and imported crude, constructing a pipeline for transportation of water to the refinery site, constructing a captive Power Plant to meet refinery power and steam requirements, crude and product storage facilities, township and allied facilities and utilities, and constructing a captive power plant.
The Project will manufacture clean fuels such as BS-VI grade Motor Sprit (MS or Petrol) and BS-VI grade High-Speed Diesel (HSD or Diesel), as well as petrochemical products such as polypropylene, butadiene, LLDPE, HDPE, benzene, and toluene. The Project will meet the rising demand for petroleum and petrochemical products in the country, particularly in the Western, Northern, and Central areas of India.
