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Essar Oil to invest more than Rs 1,600 crore to upgrade Vadinar refinery

Essar Oil to invest more than Rs 1,600 crore to upgrade Vadinar refinery

Aug 07, 2016, at 07:35 pm

Jamnagar/Mumbai, Aug 7 (IBNS): Essar Oil Limited’s 20 MTPA Vadinar refinery is looking at earning an additional $1.50 (per barrel of crude) on its Gross Refinery Margin (GRM) on the back of Rs 1,600 crore of investments.