Essar Oil commissions second unit in Gujarat

Posted on 3rd Jan 2015 06:37 pm by ram kishor

Mumbai, Jan 1 (IANS) Oil exploration and production major Essar Oil and Gas (EOG) Thursday said it has commissioned a second hydrogen manufacturing unit (HMU) at company's refinery at Vadinar in Gujarat.

According to the company's statement to the National Stock Exchange, the HMU has a capacity of 105 Knm3 per hour which would provide flexibility and reliability to overall refinery operations.

In December last year, the company said it will convert over $1 billion worth of rupee loan into dollar debt by March to reduce its cost of borrowing and will acquire group firm Vadinar Power Company for Rs.2,100 crore.

It said it will buy additional 73.99 percent stake in group company Vadinar Power Company to make it a fully owned subsidiary of EOG.

EOG, part of the Essar Group is an Indian firm engaged in the exploration and production of oil and natural gas, refining of crude oil, and marketing of petroleum products. It is owned by billionaire brothers Shashi and Ravi Ruia.

Other news

Preparing to control Corona: Central government is planning big decisions by April 30; New strategy after Bengal and UP panchayat elections

The central government is preparing to take major decisions around April 30 to control the tsunam

Akhilesh Yadav surrounded by Nahid Hasan's candidature, demands from Supreme Court to end recognition of SP

A petition has been filed in the Supreme Court on behalf of advocate Ashwini Upadhyay, seeking to

One Plus TVs are available in Amazon Monsoon Sale for less than 12 thousand rupees

Amazon Monsoon Sale: One of the best brands in Android TV is the OnePlus Smart TV. The specialty

PM Modi declares lockdown ‘Crossing your home’s lakshmanrekha will invite Corona inside’

स्वास्थ्य अधिकारियों द्वारा कोरोनो�

Girish Bapat Died: Pune MP Bapat passed away, PM Modi tweeted and wrote – Leader raising public issues

Pune MP Girish Bapat passed away on Wednesday. BJP leader Bapat was admitted to Deenanath Mangesh

Weather Fog Update: Visibility is zero in many states including Delhi-UP due to dense fog, vehicles ply the highway with lights on

UP Highways and Expressway Fog Update Entire North India including the capital Delhi is facing th

Kerala speaker unwell

Thiruvananthapuram, Feb 27 (IANS) The health of Kerala Speaker G. Karthikeyan, who is undergoin

No proposal to amend civil nuclear liability law: India

New Delhi, Feb 8 (IANS) The Indian government Sunday rele

18 Telugu icons named ambassadors for Swachh Bharat

Hyderabad, Jan 5 (IANS) Former cricketer V.V.S. Laxman, badminton coach Pullela Gopichand and p

Be conscious while shopping in online sales! How to avoid buying fake goods in a cheap affair?

Supriya, who lives in Meerut, liked an online sari. Though it was a new website for him, but due