Essar Group is exploring the sale of its 405,000 barrel-per-day oil refinery in Gujarat, as the conglomerate seeks funds to reduce its debt, two sources familiar with the matter said.
Tag: oil refinery
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NOCL to commission Cuddalore refinery by 2015-end
Nagarjuna Oil Corporation Ltd (NOCL) plans to commission the first phase of its
Rs 25,000 crore Cuddalore refinery in Tamil Nadu by end of 2015, its Managing Director & CEO, S Ramasundaram said. NOCL is setting up a 6 million tonne-a-year oil refinery at Cuddalore in phase-I with a similar capacity unit planned in the second phase.
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Kochi port invites EoI for harbour refinery
To set up an export-oriented oil refinery or an oil trading hub, the Cochin Port Trust has invited expression of interest (EoI) from companies. The oil trading hub is to come up in the proposed outer harbour area.
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Water woes to Rs 37,229 cr HPCL refinery in Rajasthan
The Rajasthan government now finds it difficult to supply water to the proposed Rs 37,229 crore oil refinery unit of 9 million tonne capacity. The Rajasthan government and Hindustan Petroleum Corporation (HPCL) have signed an agreement in last March to set up the refinery, which will process oil from Cairn India's fields in the state and other crudes.