APRIL 20268CABINET APPROVES INR 79,459 CR INVESTMENT IN HPCL RAJASTHAN REFINERYADANI GROUP INR 33,081 CRORE INVESTMENT STRENGTHENS ODISHA ECONOMYThe Cabinet approved HPCL Rajasthan refinery investment. This move gives a strong push to India's energy and petrochemical sector.The Cabinet Committee on Economic Affairs, chaired by Narendra Modi, has cleared a revised project cost of INR 79,459 crore, up from INR 43,129 crore.The decision also includes an additional equity infusion of INR 8,962 crore by Hindustan Petroleum Corporation Limited. This CCEA HRRL refinery cost hike pushes HPCL's total equity investment in the project to INR 19,600 crore.The HPCL Rajasthan Refinery Ltd (HRRL) project is being developed as a highly complex refinery with over Adani Group INR 33,081 crore investment is set to strengthen Odisha's economy, with major projects across power, data infrastructure, and cement manufacturing announced today.The Adani Group INR 33,081 crore investment targets long-term growth, job creation, and stronger infrastructure in the state.Adani Group confirmed the plan during a state-led investment push, outlining three key developments. The largest share will go into a massive thermal power plant near 26 percent petrochemical output. It will produce 1 mtpa of petrol and 4 mtpa of diesel, along with key petrochemical products like polypropylene, LLDPE, HDPE, and aromatics such as 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 the petrochemical sector. The scheduled commercial operation date is July 1," CCEA said in a statement.Located in Balotra, the refinery is a 9 mtpa greenfield refinery-cum-petrochemical complex with a petrochemical capacity of 2.4 mtpa. The project is a joint venture between HPCL and the Rajasthan government, holding 74 percent and 26 percent stakes respectively."This project will 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 25,000 workmen deployed by stakeholders engaged in the construction of the refinery units," CCEA said.The project is expected to cut import dependence and support India's growing energy and petrochemical demand. Cuttack, aimed at strengthening energy supply for industries and urban demand. This single project is expected to generate thousands of jobs and support future industrial expansion.Alongside this, the group will build a data center in Bhubaneswar, tapping into rising demand for digital infrastructure, cloud services, and AI-driven technologies. A cement manufacturing unit is also part of the plan, designed to meet growing construction needs as Odisha ramps up infrastructure development.Officials said the combined projects could create close to 10,000 direct and indirect jobs. The move aligns with Odisha's ambition to scale its economy significantly over the next two decades, positioning itself as a key industrial and technology hub.The Adani Group INR 33,081 crore investment reflects a broader strategy that blends energy, digital capacity, and core manufacturing. By covering these sectors together, the investment is expected to create a ripple effect across supply chains, logistics, and local businesses.Karan Adani emphasized the group's long-term commitment to the state, highlighting Odisha's potential as a high-growth region driven by resources, infrastructure, and a skilled workforce. TOP STORIESTOP STORIESTOP STORIES
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