Financial Closure achieved for Rajasthan Refinery Project of HRRL

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New Delhi: Financial Closure achieved for Rajasthan Refinery Project of HRRL
HRRL which is a JV between HPCL (74%) and Government of Rajasthan
(26%) achieved financial closure for its 9 MMTPA Integrated Grass Root
Refinery cum Petrochemical Project at Barmer, Rajasthan.
The project being set up at a project cost of Rs. 43129 crore, once
commissioned will also produce 2 MMTPA of Petrochemicals. The debt
tie up for the project is Rs. 28753 crore with 9 consortium lenders. SBI
is the Lead Lender with more than 50% share in the consortium. This is
one of the largest project debt syndication in India. SBI Caps was the
debt arranger.

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