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Essar Oil (UK) posts higher Q1 sales, stops importing from Russia
TIWN
TIWN
PHOTO : TIWN
Chennai, July 6 (TIWN) Essar Oil (UK) Ltd said on Wednesday that it closed the first quarter ended June 30 with higher sales - both in value and volume - and ceased imports from Russia from April onwards.
The company also said that it has successfully replaced any shortfall from not importing from Russia by maximising indigenous diesel production as well as sourcing non-Russian diesel.
According to Essar Oil (UK), during the first quarter of the current fiscal, its sales volume increased by 10 per cent to 1.72 million tonne as compared to 1.57 million tonne the previous year.
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