Ruias-led energy major Essar Group has announced it will invest Rs 6,000 crore over a period of three years towards brownfield expansion of its oil refinery at Vadinar, near Jamnagar, in Gujarat. At the Global CEO Conclave held at the Pandit Deendayal Petroleum University (PDPU) near Gandhinagar, Prashant Ruia, CEO, Essar Group announced that it will pump in Rs 6,000 crore for expansion of the company´s Vadinar refinery, which has an existing capacity of 20 million tonnes per annum (MTPA). The Global CEO Conclave was part of the Seventh Edition of Vibrant Gujarat Global Summit 2015 (VGGS) on January 11.
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