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Cabinet Committee hikes HPCL Rajasthan Refinery project cost by 84% to ₹79,459 crore – Cash My Currency- Financial Updates | Business Blog Post | Financial Guest Posting Services
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Cabinet Committee hikes HPCL Rajasthan Refinery project cost by 84% to ₹79,459 crore

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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