Epic Update : HPCL

Hindustan Petroleum Corporation (HPCL) has inked a joint venture agreement (JVA) with Government of Rajasthan on July 11, 2013 for setting up a 9 MMTPA grass root refinery cum petrochemical complex at an estimated cost of Rs 37,230 crores at Pachpadra in Barmer district in the state of Rajasthan. HPCL and Government of Rajasthan will hold equity of 74% and 26% respectively. 


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