The Union Cabinet today approved setting up of a nine million tonne refinery-cum-petrochemical complex by Hindustan Petroleum Corporation Limited, HPCL's, in Barmer, Rajasthan. Information and Broadcasting Minister Manish Tewari said, the 37,229 crore rupees project will ensure augmenting refinery capability of the country.

HPCL is to hold up to 74 per cent stake in the project, while the balance 26 per cent will be with the Rajasthan government.