Cabinet Committee hikes HPCL Rajasthan Refinery project cost by 84% to ₹79,459 crore
The state-owned Hindustan Petroleum Corp Ltd (HPCL) would pump an additional equity investment of ₹8,962 crore. Thus, bringing their total equity investment after the increment to 19,600 crores.
| Photo Credit: Reuters
With the objective to accord a further boost to India’s domestic petrochemicals production, the Cabinet Committee on Economic Affairs Wednesday (April 8, 2026) approved a hike of 84% in project cost of HPCL Rajasthan Refinery Ltd from ₹43,129 crores to ₹79,459 crore.
Further, the state-owned Hindustan Petroleum Corp Ltd (HPCL) would pump an additional equity investment of ₹8,962 crore. Thus, bringing their total equity investment after the increment to 19,600 crores.
Published – April 09, 2026 01:10 am IST
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