Essar Energy progresses towards new loan agreement

Essar Energy has said that its subsidiary Essar Oil has made significant progress with its lenders towards exiting the current loan agreement, which relates to the corporate debt restructuring scheme and its Vadinar oil refinery in Gujarat.

Essar Energy has said that its subsidiary Essar Oil has made significant progress with its lenders towards exiting the current loan agreement, which relates to the corporate debt restructuring scheme and its Vadinar oil refinery in Gujarat.

The energy giant is already in discussions to replace its master restructuring loan with a new loan facility.

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