According to C Manoharan, Director-Refinery, Essar Oil: "Post the shutdown, we have been able to modify our crude blend to process  higher quantities of ultra-heavy and high TAN   crudes, and increase the production of high value distillates. This has enabled Essar Oil to improve its crude and product mix significantly, which is reflected in our financial performance."

Over the next 2-3 years, Essar Oil will invest ~Rs 1,200 crore to upgrade its naphtha hydro treater (NHT), isomerisation unit, continuous catalytic reformer (CCR) units and also facilities for further recovery of sulphur to further improve its margins.

Lalit Kumar Gupta, Managing Director and CEO of Essar Oil, said: "We are committed to making our refinery among the best in the world through efficient deployment of resources. We will take a path of safety and sustainability in reaching our goals. We believe in setting new benchmarks for the industry with our efforts. With the shutdown having been successfully completed, EBITDA and PAT in the current financial year is expected to be significantly higher because of the full availability of the refinery, stable crude oil prices, and our ability to optimally leverage on the investments in the MHC and high TAN facilities."

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