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Hindustan Petroleum Corp. (HPCL) has refinanced about Rs 50,000 crore of debt at its Rajasthan refinery, securing a reduction of around 105 basis points in borrowing costs and targeting annual interest savings of about Rs 1,000 crore through a broader restructuring of the project's finances, Chairman and Managing Director Vikas Kaushal said on Friday. The refinancing, effective October 3, is expected to save the company about Rs 470 crore to Rs 550 crore annually, Kaushal told analysts on an earnings call. Additional equity infusions, conversion of subordinated loans into equity and interest-free state support are expected to further ease the refinery's financing burden as HPCL ramps up operations at the facility. The 9 million tonnes a year refinery in Rajasthan was built at a cost of Rs 79,459 crore, with HPCL (74 per cent) and Government of Rajasthan (26 per cent) as equity partners. HPCL Rajasthan Refinery Limited (HRRL), the joint venture company, part refinanced existing proj
Three men suspected to be involved in the firing at actor Tiger Shroff were detained in Rajasthan's Kota from a train coming from Mumbai on Monday, a police official said. "The three suspects have been detained by Kota city police today at Kota station," the official told PTI. Three unidentified assailants opened fire at Shroff's car in Mumbai's Juhu area on Sunday evening. The actor escaped unhurt, while his driver and another person were injured. The Lawrence Bishnoi gang has claimed responsibility for the attack, according to a viral social media post, but police have yet to verify its authenticity.
The Cockroach Janata Party (CJP) on Monday said it would launch a major protest in Rajasthan in the next 10 days against the alleged detention, house arrest and assault of student activists and social workers by police. Addressing a press conference in Jaipur, CJP spokesperson Deepak Baliyan alleged that police in Rajasthan prevented the party workers from joining protests in Delhi and harassed their families. Baliyan claimed that he was kept under house arrest for four days in the Kathumar area of Alwar district and personnel from four police stations were deployed outside his house. Party member Gigraj Jorli alleged that police detained him inside his vehicle on October 10 while he was headed to Delhi to participate in a protest. He alleged that his associate Surendra was also kept in illegal detention. Another CJP member, Shashikant, alleged that, on October 8, he and his associate Suraj Meena were detained and beaten at Jaipur's Gandhi Nagar Police Station. Their phones were .
Elections to Panchayati Raj institutions will be held in four phases across Rajasthan from October 23 to November 17, Rajasthan State Election Commission announced on Saturday. The elections will be held for members of 41 Zila Parishads, 457 Panchayat Samitis and 14,403 Gram Panchayats following delimitation and reorganisation of Panchayati Raj institutions. State Election Commissioner Rajeshwar Singh, who announced the election schedule, said that more than 4.03 crore voters will be eligible to exercise their franchise and 45,384 polling stations will be set up. Polling for Zila Parishad and Panchayat Samiti members will be held in four phases on October 23, October 29, November 4 and November 14 from 7 am to 6 pm. Of the total 4,03,07,308 voters, 2,08,87,351 are men, 1,94,19,789 women and 168 third-gender voters, the Commissioner said. The number of electors has increased by 6.22 per cent compared with the 2020-21 elections. Counting of votes for Zila Parishad and Panchayat Sam