Cabinet Committee hikes HPCL Rajasthan Refinery project cost by 84% to ₹79,459 crore

With the objective to accord a further boost to India’s domestic petrochemicals production, the Cabinet Committee on Economic Affairs Wednesday (April 8, 2026) approved a hike of 84% in project cost of HPCL Rajasthan Refinery Ltd from ₹43,129 crores to ₹79,459 crore.

Further, the state-owned Hindustan Petroleum Corp Ltd (HPCL) would pump an additional equity investment of ₹8,962 crore. Thus, bringing their total equity investment after the increment to 19,600 crores.