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Essar Oil secures credit facility from domestic banks

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Corporate | Energy
July 31, 2012
The company announced that it has secured a new credit facility from domestic banks to provide a credit line of up to Rs 5,000 crore to meet its Sales Tax liability of Rs 6,169 crore. With this facility, Essar Oil is confident that it will be in a position to meet its entire payment obligations.
 
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