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Cabinet approves revision in cost and investment in equity for HPCL Rajasthan Refinery Limited (HRRL), Pachpadra, District - Balotra, Rajasthan

Published By : Admin | April 8, 2026 | 16:21 IST
{A Joint Venture of Hindustan Petroleum Corporation Limited (HPCL) and Government of Rajasthan}

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has approved the revision of HPCL Rajasthan Refinery Limited (HRRL) project cost from Rs.43,129 Crore to Rs.79,459 Crore and additional equity investment of Rs.8,962 Crore by Hindustan Petroleum Corporation Limited (HPCL). The total equity investment of HPCL after increment will be Rs.19,600 Crore.

Implementation Strategy and Targets:

HRRL Refinery is a highly complex refinery with more than 26% Petrochemical product slate. Together with production of 1 MMTPA of Petrol, 4 MMTPA of Diesel, it would produce 1 MMTPA of Polypropylene, 0.5 MMTPA of LLPDE (Linear Low Density Polyethylene), 0.5 MMTPA of HDPE (High Density Polyethylene) and about 0.4 MMTPA of Benzene, Toluene and Butadiene. All these Products are critical to our energy and industrial ecosystem in sectors like transportation, pharma, paints, packaging industries etc. The project will lead to energy independence and reduce import dependence of petrochemical sector. The Scheduled Commercial Operation Date (SCOD) is 1st July, 2026.

Major Impact, including Employment Generation Potential:

HRRL is an important project considering the growing energy needs and the petrochemical requirements of the Country and speciality products production, thereby reducing the Country’s dependence on imports, which will result in saving foreign exchange. Moreover, this project will also contribute towards industrialization of a backward area, usage of locally available Mangala crude and help in promoting India as a refining hub. During the course of execution of this project, HRRL has generated employment opportunities of approximately 25,000 workmen deployed by various stakeholders engaged in the construction of the Refinery Units.

Background:

HRRL, Pachpadra, District - Balotra, Rajasthan, is a 9 Million Metric Tonnes Per Annum (MMTPA) greenfield Refinery-cum- Petrochemical Complex with 2.4 MMTPA petrochemical production capacity. The Project is being implemented by HRRL, a Joint Venture (JV) of HPCL and Government of Rajasthan (GoR) with equity stakes of 74% and 26% respectively.

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PM to disburse incentives worth around ₹2,400 crore under PM-VBRY on 19 June
June 17, 2026
First-Time Employees to Receive Incentive of up to ₹15,000
To encourage sustained job creation, Employers eligible for Incentive of up to ₹3,000 per Month per Additional Employee
PM-VBRY is designed to facilitate Job Creation, Formalisation of Employment and Expansion of Social Security Coverage
Scheme has already Facilitated Employment for 15 Lakh Beneficiaries Across the Country

Prime Minister Shri Narendra Modi will disburse incentives worth around ₹2,400 crore under the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) at a special programme to be held on 19 June 2026 at 5 PM at Vigyan Bhawan, New Delhi.

The disbursal marks a significant milestone in the implementation of PM-VBRY, the Government of India’s flagship employment-linked incentive scheme aimed at accelerating job creation, promoting formalisation of employment, enhancing employability, and expanding social security coverage across sectors. The scheme has already supported the creation of 15 lakh employment opportunities across the country.

PM-VBRY is designed to encourage both workers and employers to participate in the formal economy. Under the scheme, first-time employees are eligible for an incentive of up to ₹15,000, providing crucial support as they enter the workforce. Employers generating additional employment are eligible for incentives of up to ₹3,000 per month per additional employee, thereby encouraging sustained job creation. Recognising the strategic importance of manufacturing in driving economic growth, employers in the manufacturing sector are eligible to receive incentives for a period of four years, while employers in all other sectors can avail incentives for two years.

The scheme reflects the Government’s commitment to fostering an enabling ecosystem for employment-led growth and ensuring that the benefits of India’s economic progress translate into quality formal employment opportunities for its youth.

PM-VBRY came into effect on 1 August 2025. With a total outlay of ₹99,446 crore, the scheme aims to incentivise the creation of more than 3.5 crore jobs over a two-year period. Of these, approximately 1.92 crore beneficiaries are expected to be first-time entrants into the workforce. By supporting both employees and employers, the scheme is playing a transformative role in expanding formal employment, strengthening social security coverage, and advancing the vision of a Viksit Bharat.