April 10, 2026 [Reuters]- India’s cabinet approved an 84% increase in the project ​costs of HPCL Rajasthan Refinery Ltd (HRRL) to ‌794.59 billion rupees ($8.60 billion), Information Minister Ashwini Vaishnaw said on Wednesday.

Here are some more details:

• HPCL Rajasthan Refinery Ltd ​is a joint venture with HPCL owning ​a 74% stake and the rest owned ⁠by the state government of Rajasthan.

• New Delhi also ​approved an additional equity investment of 89.62 billion ​rupees by HPCL. The state-run refiner’s total equity investment after the increase will be 196 billion rupees, the ​government said in a statement.

• The refinery will start ​commercial operations in July this year and during operations, will ‌have ⁠10,000 direct jobs, Vaishnaw said. It will use both local crude available in Rajasthan and imported crude, he added.

• HRRL will produce petrol, diesel ​and other chemicals ​such as ⁠polypropylene, high and linear low-density polyethylene, benzene, toluene and butadiene.

• These products ​are critical in sectors such as transportation, ​pharma ⁠and paints; the production from the project will reduce India’s reliance on imports and help save ⁠foreign ​exchange, the statement said.