Essar Oil has posted 10 percent rise in throughput and 67 percent increase in the number of petrol pumps.
20 million tonne a year refinery of the company at Vadinar in Gujarat processed 20.95 MT crude oil in the fiscal year which ended on March 31 (2016-17) that is a 10 percent increase over the previous financial year.
Essar Oil has said in a statement that its network of petrol pumps expanded by 67 percent taking the number to 3,499. Another 2,631 are at various stages of implementation. Moreover, the retail sales volume has increased 75 percent to 2.8 million kilolitres.
Read EquityPandit’s Technical Analysis of Indian Stock Market