Home / Knowledge / News / Textiles / HPCL, Rajasthan govt sign MoU for petrochemical complex
HPCL, Rajasthan govt sign MoU for petrochemical complex
15
Mar '13
Hindustan Petroleum Corporation Ltd (HPCL) has inked a memorandum of understanding (MoU) with the Rajasthan state government for setting up a nine million tons per annum refinery-cum-petrochemical complex in Barmer district, located in the north-western state of India.
 
The setting up of the complex would entail an investment of Rs. 372.3 billion and the project is expected to take about four years time to go on stream.
 
Locally available crude as well as crude from other sources would be processed at the refinery-cum-petrochemical complex, HPCL said in a statement to the stock exchanges.
 
India’s Minister of Petroleum & Natural Gas, Mr. Veerappa Moily, who was present during the signing ceremony, said the complex would be the first-of-its-kind specifically designed to produce petrochemicals by processing the indigenous crude oil.
 
He said the refinery-cum-petrochemical complex would become a catalyst for development of downstream industries in the region.
 

Fibre2fashion News Desk - India

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Courtesy: ZDHC

Textiles | On 23rd Jan 2017

Oeko-Tex joins ZDHC programme for sustainability

Oeko-Tex, an independent textile testing institute working for the...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search