Hindustan Petroleum Corporation Limited (HPCL) has received approval from the Ministry of Petroleum and Natural Gas for the revision of the project cost of HPCL Rajasthan Refinery Limited (HRRL) to ₹79,459 crore, significantly higher than the earlier estimate of ₹43,129 crore. The approval also includes HPCL’s enhanced equity investment of ₹19,600 crore to maintain its 74% stake in the joint venture.
The HRRL project, a greenfield integrated refinery-cum-petrochemical complex, is designed with a high Nelson Complexity Index of 17 and a petrochemical intensity of 26%, indicating its advanced configuration and focus on value-added products.
The project has reached an advanced stage of commissioning, with trial runs currently underway for the Crude Distillation Unit (CDU) and other key processing units. This development marks a critical milestone toward operational readiness.
The revised investment underscores the scale and strategic importance of the HRRL project in strengthening India’s refining and petrochemical capacity.
