Press Release


Financial Closure achieved for Rajasthan Refinery Project of HRRL

New Delhi - 28 January 2019

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.

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