Essar Oil net dips 14% to Rs 201 cr

Essar Oil net dips 14% to Rs 201 cr

FPJ BureauUpdated: Friday, May 31, 2019, 09:05 PM IST
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New Delhi:  Essar Oil reported a 14% drop in second quarter net profit at Rs 201 crore as its Vadinar refinery in Gujarat processed lesser crude due to a maintenance shutdown. The 20 million tonnes (MT) a year Vadinar refinery in Gujarat turned 4.47 MT of crude oil into fuel, down 11% from 5.04 MT crude processed in Q2 of previous fiscal.  “This was due to fewer operational days on account of planned refinery turnaround during September/October 2015, of which 13 days were in the July-September quarter,” Essar said.

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