Indian oil companies pay $700 mn to Iran for oil
Essar Oil, MRPL and other Indian refiners today paid Iran USD 700 million to clear over one-tenth of their outstanding oil dues, the first payment this year ahead of easing of international sanctions against the Persian Gulf country.
Sep 30, 2015, 20:31 PM IST
Essar Oil to shut Vadinar refinery for 30 days
Essar Oil Wednesday said it will from Friday shutdown its 20 million tons Vadinar Refinery in Gujarat for 30 days for carrying out maintenance work.
Sep 16, 2015, 19:30 PM IST
Reliance, Essar Oil to supply diesel to Railways
Private refineries Reliance Industries and Essar Oil will supply diesel to the Railways, Lok Sabha was told Monday.
Aug 03, 2015, 23:00 PM IST
Essar Oil shares reverse early gains; slip over 1%
Essar Oil's scrip reversed early gains and ended over 1 percent lower Thursday as the company received approvals from National Stock Exchange (NSE) and BSE to delist its shares.
Jul 30, 2015, 23:14 PM IST
Essar Oil gets stock exchanges go ahead for delisting
Essar Oil has received approvals from National Stock Exchange (NSE) and BSE to delist its shares, company Managing Director & CEO L K Gupta said Wednesday.
Jul 29, 2015, 22:25 PM IST
Essar posts record Rs 1,063-cr Q1 net as margins improved
Essar Oil reported its highest ever quarterly profit in April-June quarter.
Jul 29, 2015, 19:37 PM IST
Essar to shut 400,000 bpd refinery for a month
Essar Oil will shut the Vadinar refinery in Gujarat for planned maintenance, Chief Executive L.K. Gupta said. Trade sources had earlier said the shutdown could happen in July-August.
Jul 15, 2015, 16:33 PM IST
Essar Oil signs pact to sell 49% stake to Russia's Rosneft
Essar said it "signed a non-binding Term Sheet with regard to Rosneft?s participation in the equity capital of Essar Oil Limited with a share of up to 49 per cent."
Jul 09, 2015, 11:17 AM IST
Essar Oil signs pact to sell 49% stake to Rosneft
Essar Oil shares surged as much as 5.1 per cent on Thursday to Rs 198.35 after Russia's Rosneft signed a deal to acquire up to 49 per cent stake in its Vadinar oil refinery.
Jul 09, 2015, 10:53 AM IST
Essar Oil UK posts $70 million profit in FY15
Essar Oil UK, which owns and operates UK's Stanlow refinery, Friday reported a net profit of USD 70 million for the year ended March 31 compared with a loss of USD 121 million in the previous fiscal.
Jun 26, 2015, 13:43 PM IST
Essar Oil UK gets new long term working capital funding
Essar Oil UK, which owns and operates the Stanlow Refinery in Ellesmere Port, Wednesday said it has finalised a new long term working capital facility to fund purchase of crude oil.
Jun 24, 2015, 18:37 PM IST
Russia's Rosneft in talks to buy stake in Essar Oil
The stock has surged over 56 percent in the last six trading sessions.
Jun 15, 2015, 16:37 PM IST
Essar Oil to ramp up coal gas production in Bengal
Additional 142 wells have been drilled and presently are at various stages of the hydrofracking- completion-dewatering cycle for gas production increase up to 1.2 million scmd.
May 31, 2015, 11:30 AM IST
Essar Oil Q4 net profit drops 46% to Rs 546 cr
Essar Oil Monday posted a 46 percent drop in net profit at Rs 546 crore for the March quarter mainly due to inventory valuation loss arising from dip in oil prices and a one-time interest cost.
May 25, 2015, 21:15 PM IST
Essar Oil's CBM block production rises to 0.5 mmscmd
Essar Oil said it has built a high quality infrastructure gas conditioning and compression stations, in-field pipelines of 120 kms and last mile pipeline connectivity network to end users of about 60 kms.
Apr 06, 2015, 15:45 PM IST
Essar Oil becomes India's largest CBM gas producer
Indian oil and gas producer Essar Oil on Monday said it has become India`s largest coalbed methane (CBM) gas producer as its gas unit in Raniganj in West Bengal crossed production of 5 lakh standard cubic metres per day (scmd) recently.
Apr 06, 2015, 15:36 PM IST
Zero tolerance policy towards illegal acts: Essar
Days after one of its employees was arrested in the corporate espionage case, Essar Oil Wednesday said it is a law abiding corporate and had not authorised anybody to access stolen oil ministry documents.
Feb 25, 2015, 22:30 PM IST
Reliance, Essar stocks take a beating amid 'espionage' scandal
Stocks of Anil Ambani-led Reliance Group companies, Essar Oil and Mukesh Ambani-led Reliance Industries Ltd witnessed huge selling pressure Monday as investors booked profit amid concerns relating to the "corporate espionage" scandal.
Feb 23, 2015, 19:39 PM IST
India asks refiners to cut Iran oil imports ahead of Obama visit: Sources
India has asked its refiners to slash oil buys from Iran in the next two months to keep the imports in line with the previous fiscal year`s levels, sources with knowledge of the matter said, days ahead of President Barack Obama`s visit to New Delhi.
Jan 22, 2015, 21:59 PM IST
Essar Oil to convert over $1 billion rupee loan into dollar debt
Essar Oil Wednesday said it will convert over USD 1 billion worth of rupee loan into dollar debt by March to reduce its cost of borrowings and will acquire group firm, Vadinar Power Co, for Rs 2,100 crore.
Dec 24, 2014, 20:36 PM IST
