PM inaugurates Rajasthan's first oil refinery at Barmer

Prime Minister Narendra Modi inaugurated HPCL Rajasthan Refinery Ltd (HRRL) project commencement of oil refinery in Rajasthan’s Barmer district. It is first oil refinery to be set up in Rajasthan.
The project is undertaken as joint venture between Hindustan Petroleum Corporation Limited (HPCL) and the Rajasthan government. HPCL owns 74% stake in the project, while the state government owns 26%.

Key Facts

The project includes refinery and petroleum complex of 9 MMTPA capacity. It is expected to be operational in 4 years (2022-23) at a cost of Rs 43000 crores. It is largest investment in the state till date. It is expected to give major impetus to state’s economy and will bring to the state an additional income of Rs 34000 crores.
It is also expected to generate thousands of direct and indirect employment opportunities. Further, it is expected to bring an unprecedented surge in ancillary units, infrastructure development, improvement of healthcare services and establishment of education institutions in Western Rajasthan,

Month: Current Affairs - January, 2018