Essar Oil Wins Platts Global Energy Awards
Mumbai/New York 9th December, 2016: Essar Oil Limited is pleased to announce it has been awarded 'Industry Leadership Award in Downstream' at the prestigious 2016 Platts Global Energy Awards.
Mr. Lalit Kumar Gupta, managing director and chief executive officer of Essar Oil, along with Shri Sreedhar Rudraraju Chief Planning Officer received the award at a glittering ceremony in New York.
On the occasion Mr. Gupta said, "The award is a result of our sustained efforts and the philosophy of setting new benchmarks for the industry. I would like to thank Platts and the jury for acknowledging our efforts. As we move forward our endeavor will be to lead the industry through the challenging times."
The awards jury applauded Essar Oil for its entrepreneurial spirit, impressive scale and creativity and the excellent growth in retail network making it the largest private sector retailer. The company has impressive potential and a strong growth outlook. "They’re nimble - adapting to the environment and doing so quickly" observed a judge.
Essar Oil owns India’s second largest single site refinery at Vadinar, Gujarat, having a capacity of 20 MMTPA, or 405,000 barrels per day. Vadinar Refinery has a complexity of 11.8, amongst the highest in the world. The refinery is capable of processing some of the toughest crudes and yet produce high quality Euro IV and V grade products. Essar Oil has a network of more than 3,000 retail fuel outlets across India and another more than 2,700 at various stages of implementation.