HPCL achieves financial closure for Rajasthan Refinery Project
HPCL Rajasthan Refinery (HRRL), which is a JV between HPCL (74%) and Government of Rajasthan (26%) achieved financial closure for its 9 MMTPA integrated grass root Refinery cum Petrochemical Project at Barmer, Rajasthan. The project being set up at a project cost of Rs.43129 crore, once commissioned will also produce 2 MMTPA of Petrochemicals.
The debt tie up for the project is Rs.28753 Crore with 9 consortium lenders. SBI is the Lead Lender with more than 50% share in the consortium. This is one of the largest project debt syndication in India. SBI Caps was the debt arranger.
