Essar Oil Ltd has informed that in the limited review report of the Company for the quarter ended June 30, 2007, the Auditors of the Company have made the following observations:
It is observed that total capital employed and the capital employed of the Refinery (Under Trial Runs / Construction) Segment is understated by Rs 105 crore due to misclassification of a loan as an advance. The impact of the error is less than one percent of the reported capital employed.
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