Essar Oil Limited said on Sunday it will invest an additional Rs.1200 crore over the next two-to-three years to upgrade its Vadinar refinery in Gujarat to boost refinery margins by $1.5 per barrel. The company, controlled by the Ruia family is also weighing the option of reviving its petrochemical complex project with an investment of around $1-1.5 billion.
Start your deal-making journey now!
Subscribe now to enjoy unlimited access at just $59.
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Already a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com
