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REC extends Rs. 4,785 crore loan for HPCL Rajasthan Refinery’s project in Barmer

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 June 3, 2024

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REC Limited provides loan in Rupees. Already to HPCL Rajasthan Refinery Limited (HRRL) provided Rs. 47.85 crore for Barmer, Rajasthan New refinery and petrochemical complex was set up in the area. REC Limited 48, 625 shares worth Rs. 10 million. Rs. 47.85 million. The refinery has a capacity of 90 million metric tons per annum (MMTA) and the total project cost is Rs. 10 billion. Rs 72,937 crore.

HRRL was established on September 18, 2013 as a joint venture between Hindustan Petroleum Corporation Limited (HPCL) and the Government of Rajasthan. HPCL owns 74% of HRRL and Hindustan Petroleum Corporation Limited (HPCL) owns the remaining 26%. The project is sponsored by the Government of Rajasthan.

The project includes construction of pipelines for transportation of crude oil and petroleum from Rajasthan in addition to construction of an energy efficient and environment friendly refinery-chemical complex with a capacity of 9 MMTPA. Dedicated power plants, crude oil and refined product storage facilities, associated facilities and utilities to meet the power and steam requirements of imported crude oil and refineries.

The project will produce petrochemical products such as BS-VI motor gasoline (MS or gasoline), BS-VI high speed diesel (HSD or diesel), polypropylene, butadiene, LLDPE, HDPE, benzene, toluene and other petrochemical products. We aim to do just that.

The project will help meet the growing demand for petroleum and petrochemical products in India and the West, North and Center. In particular.

REC Limited is a Maharatnana CPSU under the Ministry of Power and the NBFC specializes in financing and development of the power sector in India.

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