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Vasundhara Raje's assurance puts HPCL's Barmer plant back on track

HPCL hopes to go ahead with its Rajasthan refinery project along with fiscal incentives after nervous moments as there were doubts if the state's new government led by the BJP's Vasundhara Raje would back the project where Sonia Gandhi laid the foundation stone.

HPCL executives said that at a recent meeting Raje had assured the company that the INR 56,000-crore incentives granted by the previous government would not be withdrawn. She had also appointed two new directors to the company board and sanctioned INR 426 crore as state's equity contribution for the next fiscal.

Source-On Request