The refinery assets, owned by affiliates of Hardt, are located in the US and the Turkish Republic of Northern Cyprus.
Cals said that the purchase of these assets will increase the aggregate capacity of its planned refinery project in Haldia in the Indian state of West Bengal to 200,000 barrels per day.
The transaction is expected to be closed in the second or third quarter of 2011.
Cals has planned to set up a total oil refining capacity of 400,000 barrels per day in West Bengal in phases.
