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More Loans for Essar Oil

(Dec 16, 1999)

Essar Oil’s Jamnagar refinery has got a clean chit by the committee of experts set up by ICICI. The committee was set up to look at the viability of the 12 m tonne refinery project being set up at a cost of Rs.73.56 bn.

Essar Oil refinery gets the go ahead

(Nov 30, 1999)

The committee appointed by financial institutions to look into the viability of the refinery being implemented by Essar Oil has reiterated that the work should not be delayed any further. The refinery is over 67% complete. This has been reported by a leading national daily.

Essar Oil refinery to undergo viability check

(Nov 24, 1999)

According to newspaper reports, the financial institutions have decided to set up a four-member committee of oil sector experts to examine the viability of Essar Oil's 10.5 MMTPA refinery. The decision was made even as ICICI Ltd., a large financial institution, decided to provide the company with additional funding of Rs 22 bn.

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