BusinessEssar Oil completes Vadinar refinery expansion 4 months before schedule
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Essar Oil completes Vadinar refinery expansion 4 months before schedule
As growth slows and expectations of rate cuts rise, Aditya Puri, managing director of HDFC Bank, says that while some room for rate easing has opened up, any dramatic reduction in rates is unlikely.
Ruias-promoted Essar Oil on Tuesday announced completion of its Rs 10,000-crore expansion project, four months ahead of schedule, at the Vadinar refinery in Gujarat, taking the annual capacity to 20 million tonne.