Rajasthan Govt Signed JV Agreement for Refinery Project with HPCL

Rajasthan government and state-owned oil firm HPCL inked an agreement to form a joint venture company for Barmer petroleum refinery and petrochemical complex. In a new firm, HPCL Rajasthan Refinery Limited (HRRL), state government will have 26% and HPCL will have 74 per cent of partnership.

As per the proposed plan, the refinery project would be established in 4,813 acres of land area. A 270 MW power would be generated from the waste petcoke generated from the refinery.

Important Takeaways from Above News-
  • Chief Minister of Rajasthan is Vasundhara Raje.
  • M K Surana is the current CEO, Chairman, Managing Director of HPCL.
Source- The Hindu


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