Signals, Powered By EquityPandit
Essar Oil (UK) Ltd is going to invest USD 250 million for expanding the refining capacity and has been targeting 400 petrol pumps in Britain in 5-years.
According to the chief executive S Thangapandian, the investment in revamp of certain units of the refinery would help cut down on crude oil processing cost, improve product slate and lead to marginal increase in capacity.
He further said that the refinery capacity would be increased from 9.09 million tonnes per annum to 9.7 million tonnes by March 2018.
He has said that “The project will deliver enhanced yields of high value products, reduce crude costs and drive revenue growth.”
