Hindustan Petroleum Corporation has formed a committee to look into the feasibility of the much-delayed Rajasthan refinery, to be set up for an estimated over Rs 37,000 crore at Barmer.
The committee, which has refinery director BK Namdeo as a member is expected to submit the report in two to three months, disclosed HPCL Chairman and MD Mukesh Kumar Surana.
The refinery project has run into a political quagmire ever since the UPA government had announced a 9-mmt refinery HPCL at Barmer in Rajasthan and an MoU was signed between the company and the then Ashok Gehlot government of the state. For HPCL, which has only two refineries at Mumbai and Visakhapatnam, the project would be a big boost as it plans to scale up capacity to 42 mmt per year from current 16 mmt. But things changed after the Congress lost both the Central and State polls and BJP came to power in the state.
It is learnt that current Chief Minister Vasundhara Raje of BJP has been renegotiating the terms of the HPCL refinery to be set up in partnership with Rajasthan State Refinery.