Tata Power, one of India’s leading power companies, has sealed a monumental Memorandum of Understanding (MoU) with the Government of Rajasthan, pledging an eye-watering ₹1.2 lakh crore investment. The announcement was made during the prestigious “Rising Rajasthan Investor Meet” in New Delhi, a move that signals a seismic shift in the state’s energy landscape. This […]
Hindustan Petroleum Corporation Limited (HPCL) has delivered solid results for the first quarter of fiscal year 2024-25 (1QFY25), despite facing challenging market conditions. The company’s standalone revenue from operations for 1QFY25 was ₹1,20,859 crore, a slight increase from ₹1,19,044 crore recorded in the same period of the previous fiscal year. However, HPCL’s profit after tax […]
REC Limited, a Maharatna CPSU under the Ministry of Power, has extended a substantial loan of INR 4,785 crores to HPCL Rajasthan Refinery Limited (HRRL) to finance the establishment of a greenfield refinery and petrochemical complex in the Barmer district of Rajasthan. The loan constitutes part of a larger consortium arrangement amounting to INR 48,625 […]
Hindustan Petroleum Corporation Ltd. (HPCL) has entered into the petrochemicals business with pre-marketing of a new polymer brand called HP DURAPOL. According to the Indian government-owned Indian oil and gas refining company, this is a pre-cursor to the marketing of the petrochemical products to be produced at HPCL Rajasthan Refinery Limited (HRRL). HPCL said that […]