Sonia lays the foundation stone for refinery in Rajasthan UPA Chairperson and Congress President Sonia Gandhi today laid the foundation stone of Rs 37,230-crore refinery and petrochemical complex here. Gandhi, who flew in chopper to the thar desert of Rajasthan, unveiled two placques of foundation stone with a push button in presence of Union Minister for Petroleum and Natural Gas M Veerappa Moily and Rajasthan Chief Minister Ashok Gehlot here, 90 km from Jodhpur. Also read: Govt to give insurance to refiners processing Iranian crude Hindustan Petroleum Corp (HPCL) and the Rajasthan government are jointly setting up a 9 million tonnes per annum grass root petrochemical complex. HPCL would have 74 per cent stake in the JV while the rest 26 per cent with Rajasthan government. The refinery complex will source crude oil from Rajasthan oil fields and other imports. The project is expected to bring accelerated growth in the region and provide huge opportunity for downstream petrochemical industries. About 1.39 lakh people will be benefited from the project. Out of the project cost of Rs 37,230 crore, the Rajasthan government will contribute funds to the tune of Rs 3,872 crore and production will start by 2017. Courtesy : money control
Posted on: Mon, 23 Sep 2013 02:04:08 +0000
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