HRRL which is JV between HPCL (74%) and Government of Rajasthan (26%) achieved financial closure dor 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 then 50% share in the consortium. this is one of the largest project debt syndication in India. SBI Cabs was the debt arranger.