ESSAR Oil says it is committed to securing the long-term future of its Stanlow Refinery in Ellesmere Port after closing new financial arrangements of more than $850 million. This has allowed Essar to replace its former credit facility as well as access additional capital, thereby strengthening its financial position. The funding is made up of liquidity from a diversified range of sources, including bilateral arrangements with many of its key customers on enhanced payment terms and other long-term financings, linked primarily to crude supply. With these financial arrangements now in place, Essar says it has more low-cost liquidity to meet its upcoming requirements, and can continue to focus its energies on its transition to become a Low Carbon Energy Provider of the future.
Essar Oil (UK) ties up over $850 million in new funding
May 21, 2021
Prashant Ruia×
With these financial arrangements in place, EOUK has more low-cost liquidity to meet its upcoming requirements
Essar Oil (UK) Limited (EOUK), which owns and operates the Stanlow Refinery, said it has closed new financial arrangements of over $850 million.
This has allowed EOUK to replace its former credit facility as well as access additional capital, thereby strengthening its financial position. The funding is made up of liquidity from a diversified range of sources, including bilateral arrangements with many of its key customers on enhanced payment terms and other long-term financings, linked primarily to crude supply, the company said in a statement.
Essar Oil UK reports successful financing, governance changes prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.
Essar sets up 100-bed Covid centre in Gujarat s Dwarka
By IANS |
Published on
Sat, May 1 2021 18:21 IST |
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B luru civic body allows RWAs, NGOs to set up Covid care centres. Image Source: IANS News
New Delhi, May 1 : Essar on Saturday said it has set up a 100-bed Covid care centre in Gujarat s Dwarka district.
Accordingly, the centre is duly equipped with oxygen support and will be operated by the Khambaliya Civil Hospital. The centre is equipped with oxygen support which will has become critical during the second Covid wave across the country. It houses 40 rooms with double occupancy and 20 rooms of single occupancy to cater to the medical needs of the people, the company said in a statement.
Joining top India Inc companies in fighting the Corona pandemic, theEssar group today set up a 100 Bed Covid Care Centre with Oxygen support at Devbhumi Dwarka in Gujarat. The hospital will be operated by the Khambaliya Civil Hospital. The 100-bed centre was virtually inaugurated by the Chief Minister of Gujarat, Vijay Rupani. The centre is equipped with oxygen support which will has become critical during the second wave of Covid in the nation. It houses 40 rooms with double occupancy and 20 rooms of single occupancy to cater to the medical needs of the people. The centre will also take care of housekeeping and healthy diet arrangements for the patients admitted in the facility.