Prime Minister Narendra Modi is scheduled to inaugurate the HPCL Rajasthan oil refinery project at Pachpadra in January, marking a significant milestone for the state's industrial landscape. Parliamentary Affairs Minister Jogaram Patel confirmed the upcoming inauguration, highlighting the project's importance for regional economic development.

Project Overview

The HPCL Rajasthan Refinery Limited (HRRL) project represents a strategic joint venture between HPCL and the Rajasthan government. This ambitious initiative encompasses a comprehensive 9 MMT per annum integrated refinery-cum-petrochemical complex, positioning it as a major industrial undertaking in the region.

Economic Impact

Minister Jogaram Patel emphasized the transformative potential of the refinery project for Rajasthan's economy. The integrated facility is expected to generate substantial economic benefits for the state, contributing to industrial growth and employment opportunities in the region.

Strategic Significance

The Pachpadra refinery project represents a crucial addition to India's refining capacity, with its integrated petrochemical complex design offering enhanced operational efficiency. The joint venture structure between HPCL and the Rajasthan government demonstrates collaborative efforts to strengthen the state's industrial infrastructure and energy security capabilities.

HPL Electric & Power Limited has notified stock exchanges regarding the name changes of two of its promoter companies, as mandated under SEBI regulations. The announcement was made on December 11, 2025, through official communications to both NSE and BSE.

Details of Name Changes

The company has informed that two promoter entities have undergone name modifications as detailed below:

Regulatory Compliance and Documentation

The notification was made pursuant to Regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Fresh Certificates of Incorporation consequent upon the name changes have been issued by the Registrar of Companies, New Delhi, under the Companies Act, 2013 to both promoter companies.

Impact on Company Operations

HPL Electric & Power Limited has specifically clarified that there will be no change or impact on the management and control of the company due to these name changes of the promoter entities. The operational structure and governance framework of the listed entity remain unchanged.

Corporate Communication

The formal intimation was signed by Vivek Kumar, Company Secretary of HPL Electric & Power Limited, and sent to the listing departments of both major stock exchanges. The company has requested the exchanges to update their records accordingly to reflect the new names of the promoter companies.