News on EOL (Essar Oil Limited) Cairn India (Business Opportunities - Marketing & Sales)

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News on EOL (Essar Oil Limited) Cairn India


News on EOL (Essar Oil Limited) Cairn India

Essar Oil Limited (EOL) and Cairn India, both integral parts of the Essar Group and now operating under the Vedanta umbrella, have recently undertaken significant developments in the energy sector. Decarbonization Initiatives: Essar Oil UK, formerly EOL, has committed $1.2 billion to transform the Stanlow Refinery into a low-carbon facility. This includes implementing carbon capture technologies and transitioning to hydrogen as a fuel source, aiming to reduce emissions by 95% by 2030. Financial Strategies: Post-restructuring, Essar Oil and Gas Exploration & Production Ltd. is exploring a $275 million overseas bond issuance to fund expansion and refinance existing debt. Discussions with global banks are in preliminary stages, News on EOL (Essar Oil Limited) Cairn India, indianpetroplus

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Last Update : Mar 06, 2025 5:35 AM
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2025-03-29 (0.385 sec)