Current Affairs - Places - Discussion

State-owned oil firms IOC, BPCL and HPCL signed an agreement to jointly set up India's biggest refinery at Ratnagiri district of Maharashtra at a cost of USD 30 billion or Rs. 2 lakh crore. The three oil refining and marketing companies signed the joint venture agreement here this evening. The pact was signed by IOC Chairman Sanjiv Singh, HPCL Chairman and Managing Director Mukesh Kumar Surana and BPCL Chairman and Managing Director D Rajkumar.