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

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Silke Brand-Kirsch
Schlegel und Partner

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

Kerem Durdag
Biovation II LLC

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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
March 2017

March 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