India Approves 8.6 Billion Dollar Rajasthan Refinery Budget

India approved an 84 percent budget hike for the HPCL Rajasthan Refinery to 8.6 billion dollars. The plant starts operations in July and creates 10,000 jobs.

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The government of India has sanctioned a significant 84% increase in the project budget for the HPCL Rajasthan Refinery Ltd (HRRL), raising the total cost to 794.59 billion rupees (approximately $8.60 billion). Information Minister Ashwini Vaishnaw announced the cabinet's approval on Wednesday, marking a major step forward for the massive energy infrastructure project.

An exterior view of a Hindustan Petroleum station sign located in Bengaluru, captured in October 2025. Photo credit: REUTERS/Priyanshu Singh.
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