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REC extends Rs 4,785 Crore for HPCL Rajasthan Refinery’s project in Barmer

New Delhi: HPCL Rajasthan Refinery Limited (HRRL) executed a loan agreement under a consortium arrangement for Rs.48,625 crore wherein the share of state-run REC Ltd is Rs 4,785 crore. HRRL is setting up a green field refinery cum petrochemical complex, with a capacity of 9 MMTPA in Barmer district, Rajasthan at a Project Cost of ? 72,937 crore.

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