Wednesday, 14 January 2015

Essar Group plans to invest Rs. 6000 cr in Gujarat

According to the reports, Essar Group is planning to invest Rs. 6,000 crore over three years towards brownfield expansion of its existing oil refinery at Vadinar near Jamnagar in Gujarat.

At the Global CEO Conclave held at the Pandit Deendayal Petroleum University (PDPU) near Gandhinagar, Prashant Ruia, CEO, Essar Group announced an investment of Rs. 6,000 crore for expansion of the company's Vadinar refinery, which has an existing capacity of 20 million tonnes per annum (MTPA), said reports.

However, Ruia did not mention the proposed capacity addition with the investment, reports added.

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