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HPCL to set up oil refinery in Rajasthan

PTI | Last Modified - Mar 06, 2013, 01:36 AM IST

HPCL to set up oil refinery in Rajasthan
  • HPCL to set up oil refinery in Rajasthan
    HPCL to set up oil refinery in Rajasthan
    Jaipur: Rajasthan government and Hindustan Petroleum Corporation LtdBSE 0.74 % (HPCL) would sign an MoU on March 13 for setting up an oil refinery in the state.
    Petroleum Minister M Veerappa Moily would also remain present on the occasion, official sources said here.
    The decision to set up the refinery was taken today at the board meeting of HPCLBSE 0.74 % in Delhi, following which Moily congratulated Chief Minister Ashok Gehlot, the sources said.
    The oil refinery was a long pending demand of the state and it will be the biggest investment in the district and accelerate economic development besides generating employment opportunities.
    The state government last month had given its nod in principal to provide a financial package of Rs 3,376 crore to set up the refinery.
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Web Title: HPCL to set up oil refinery in Rajasthan
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