Home / Knowledge / News / Textiles / Rajasthan govt, HPCL sign JV for petrochemical plant
Rajasthan govt, HPCL sign JV for petrochemical plant
15
Jul '13
The Rajasthan government and Hindustan Petroleum Corporation Limited (HPCL) have signed a joint venture (JV) agreement to set up a refinery-cum-petrochemical complex in Barmer district. The joint venture company, HPCL-Rajasthan Refinery Limited, will execute the ambitious project. 
 
The refinery-cum-petrochemical complex is to be set up in Panchpadra, Barmer district, on a government land with an estimated cost of Rs. 372.3 billion and is scheduled to come up in 4 years
 
The proposed plant, in which HPCL and government of Rajasthan would have a share of 74 and 26 percent respectively, will be sourcing crudes from Rajasthan oil fields and other imported crudes.
 
Addressing media, Rajasthan state Chief Minister Ashok Gehlot said the production of petrochemicals such as benzene, toluene and mixed xylene would be able to help the ancillary industries in Barmer, Jodhpur and nearby areas with raw material and promote these units in various sectors.
 
The plant would have capacity of 9 million tons per annum and will be producing various petroleum and petrochemical products. HPCL and the state government had signed the memorandum of understanding (MOU) on March 14, 2013 for the setting up of the refinery.
 

Fibre2fashion News Desk - India


Must ReadView All

IOC, MPCI to set up ₹1000 cr PSF unit in Odisha

Textiles | On 23rd May 2018

IOC, MPCI to set up ₹1000 cr PSF unit in Odisha

Indian Oil Corporation (IOC) has teamed up with Materials Chemicals...

Courtesy: Marks and Spencer

Apparel/Garments | On 23rd May 2018

M&S to close 14 Clothing & Home stores by 2019

Marks & Spencer (M&S), a leading British multi-national retailer,...

Garment products dominate across textile businesses: FESPA

Textiles | On 23rd May 2018

Garment products dominate across textile businesses: FESPA

Garment products dominate across all textile businesses, with sports...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search