HPCL Rajasthan Refinery (HRRL), a joint venture (JV) between HPCL (74 percent) and government of Rajasthan (26 percent) has achieved financial closure for its nine million tpa integrated grass root Refinery-cum-Petrochemical project at Barmer, Rajasthan.
The project is being set up at a cost of Rs 43,129 crore. Once commissioned, the project will produce two million tpa of petrochemicals.
The debt tie-up for the project is Rs 28,753 crore with nine consortium lenders. SBI is the lead lender with over 50 percent share in the consortium.