The vibrant state of Gujarat has been emerging as a major investment destination for the oil and gas sector due to the state governmentÂ’s sound economic policies.
Over the years, various industries such as power, automobiles, healthcare, gems, jewellery and ports have seen sharp acceleration in their businesses, boosting the stateÂ’s growth at a time when the countryÂ’s economic growth run-rate has been showing a downward curve over the past couple of years.
Tag: Essar Oil
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Gujarat to remain a hot-spot for oil & gas sector
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Fall in refining margins may hurt oil firms
Many brokerages feel that the margins of Indian refiners may come under pressure because of a decline in the Singapore benchmark refining margin.If the margins remain at the current level in the remaining part of this quarter, margins of companies like Reliance Industries (RIL), Essar Oil and public sector firms like Bharat Petroleum (BPCL), Hindustan Petro
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Essar Oil raises refinery capacity
At a presentation to analysts, Essar Oil said it
stabalised operations at its Vadinar refinery in Gujarat at an expanded capacity of 20 million tonne per annum (mn
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Essar Oil to acquire more land for CBM project
Essar Oil plans to acquire around 1,000 acre land to drill 500 wells for the Rs 3,000-crore coal-bed methane (CBM) project at the Ranigunj block, according to a top official.
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Essar captive power plant
Owing to severe shortage of natural gas, Essar Oil decided to run the 20-million tonne Vadinar refinery in Gujarat on coal-based power instead of gas-based.
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Essar's Vadinar expansion plan Phase I
Essar Oil (EOL) would coÂmplete Phase I of the ongoing expansion project at the Vadinar oil refinery in 2012.
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Essar commissions Vadinar port expansion project
Essar Ports has commissioÂned 12 million tonne per annum capacity expansion project at its Vadinar terminal with a total investment of Rs 1,065 crore.
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Essar begins gas production from Raniganj CBM block
Essar Oil has begun gas production from its Raniganj coal bed methane block in West Bengal.