Refinery margins at Essar Oil have remained continuously above the industry benchmarks. In the quarter ended 30 June 2016, the CP-GRM of $10.29/bbl (unaudited) bettered the IEA margin for Singapore complex refineries by around $6/bbl.

The shutdown and subsequent investment decisions were taken with an eye on the surging demand for petro products in India over the medium and long term. The Vadinar refinery currently produces about 9% of India's refining capacity and is also among the world's most complex refineries. It has processed 91 types of crudes, including the dirtiest crudes available.

In less than four years since its commissioning in 2008, the refinery capacity was increased from 10.5 MTPA to 20 MTPA, while the complexity was enhanced from 6.1 to 11.8. The refinery is capable of producing high quality Euro IV and V grade products. Its safety record is equally impressive—as on 4th August 2016, the refinery has recorded 3,046 (8.2 years) Lost Time Injury (LTI) free days and 2,631 (7 years) fire free days.
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