Essar Oil has successfully commissioned a diesel hydrotreater unit I (DHDT-I) at its Vadinar refinery. With the phase wise commissioning of three additional units slated for the end of this month, the company aims at completing phase I expansion by March 2012. It entails the addition of nine new units that will expand capacity to 18 MMTPA and enhance the complexity to 11.8 from 6.1.
The company has reported a net loss of Rs 3986.00 crore for the quarter ended December 31, 2011 as compared to a net profit of Rs 273.00 crore for the same quarter in the previous year. Total income has increased by 4.93% from Rs 12,333.00 crore for Q3FY11 to Rs 12,941.00 crore in the quarter under review.
Essar Oil is a fully integrated oil & gas company of international scale with strong presence across the hydrocarbon value chain from exploration and production to refining and oil retail.
