New Delhi, Jan 28 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.
