Essar Oil, the country's second largest private sector refiner is planning to invest Rs 1,200 crore over the next two to three years to upgrade its 20 million tonnes per annum (MTPA) refinery at Vadinar in Gujarat to boost refinery margins. The company has already earmarked and acquired land which around 5km away from the refinery to develop a petrochemical complex that would produce gasoline, liquefied petroleum gas (LPG) and propylene among other products. This is in addition to the Rs 400 crore invested by the company during the planned shutdown of the refinery in September-October last year.
Essar Oil is a fully integrated oil & gas company of international scale with strong presence across the hydrocarbon value chain from exploration & production to refining and oil retail.
