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Essar Oil to invest more than Rs 1,600 crore to upgrade Vadinar refinery

Essar Oil to invest more than Rs 1,600 crore to upgrade Vadinar refinery

Jamnagar/Mumbai, Aug 7 (IBNS): Essar Oil Limited’s 20 MTPA Vadinar refinery is looking at earning an additional $1.50 (per barrel of crude) on its Gross Refinery Margin (GRM) on the back of Rs 1,600 crore of investments.