HPCL HRRL Project Cost Revised to ₹79,459 Cr; HPCL Invests ₹19,600 Cr

Hindustan Petroleum Corporation Ltd (HPCL) announced that the Ministry of Petroleum & Natural Gas has approved a significant revision in the project cost for HPCL Rajasthan Refinery Limited (HRRL). The project cost has been revised from ₹43,129 Crore to ₹79,459 Crore. Consequently, HPCL's equity investment in HRRL will increase to ₹19,600 Crore to maintain its 74% stake. HRRL is a greenfield integrated refinery-cum-petrochemical complex, characterized by a high Nelson Complexity Index of 17 and petrochemical intensity of 26%. The project is currently in an advanced stage of commissioning, with trial runs of the Crude Distillation Unit (CDU) and other units already underway. This update signifies a major financial commitment and progress towards the operationalization of the refinery.