REC extends INR 4,785 cr to HPCL for refinery cum petrochemical complex in Rajasthan’s Barmer district
The loan has been extended as part of a consortium arrangement for INR 48,625 crores, wherein the share of REC Limited is INR 4,785 crores. The refinery cum complex will have a capacity of 9 Million Metric Tonnes per Annum (MMTA), and would entail a total project cost of INR 72,937 crores.
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