Essar holds second phase expansion

Essar Oil, which finished completion of 18 million tones of its Vadinar refinery on Thursday has kept the second phase of refinery expansion project to 38 million tones on the back-burner as the seven year tax holiday ends on March 31, 2012. However, the 18 million tones refinery will enjoy tax holiday for seven years along with HPCL's Bathinda refinery and BPCL's Bina refinery as they were commissioned within this fiscal.