Rajasthan government and Hindustan Petroleum Corporation Ltd (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. The decision to set up the refinery was taken today at the board meeting of HPCL 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.
Hindustan Petroleum Corporation Ltd (HPCL) board of directors who met in New Delhi on Tuesday, gave their go ahead in setting up of refinery in the state. The refinery, which will produce around 9 million ton oil, will be set up at state’s Barmer district. HPCL will spend Rs. 37, 230 crores in setting up this refinery. 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. Rajasthan Chief Minister Ashok Gehlot, who has been making constant efforts for early approval for the ambitious mega project is finally successful and a dream comes true for Rajasthan people.