Current Affairs - State - Discussion

Rajasthan State Government and public sector oil firm Hindustan Petroleum Corporation Limited (HPCL) inked an agreement to form a joint venture company for Barmer petroleum refinery and petrochemical complex. As per the claims made by the present Rajasthan Government, revised deal will save the state Rs 40,000 crore with annual viability gap funding of Rs 1,123 crore for 15 years instead of Rs 3,736 crore as per the previous MoU that former CM Ashok Gehlot signed with HPCL.