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ESSAR OIL LIMITED
NCLT admits insolvency resolution plea against Essar Oil and Gas Exploration & ProductionThe bankruptcy court in Ahmedabad has admitted Essar Oil and Gas Exploration & Production Ltd under the Corporate Insolvency Resolution Pro...- Shailesh Sawa to be Group CFO of HCC: Praveen Sood, outgoing finance chiefShailesh Sawa, CEO-EPC Constructions India will be taking over Sood as the Group CFO of HCC Group of Companies. A consultant has been appoi...
- Lenders approve Rs 86,000-crore Essar Oil sale to RosneftWith this Rs 86,000-crore transaction, which makes it the largest FDI inflow for the country, the company hopes to close the deal by early ...
- Rosneft aims to complete purchase of India's Essar Oil by end JuneAnother 49 percent share will be split between commodities trader Trafigura and Russian investor United Capital Partners (UCP).
- Essar Group mulls selling stake in The Mobile Store to strategic investorThe Mobile Store has shut 400-odd stores in the past 18 months and several brands have stopped supplies to it due to outstanding payments.
- CCI approves Rosneft buyout of Essar OilAs earlier reported in the ET, this deal will see the Essar Group cutting their Rs 1.25-1.3 lakh crore group-wide debt by more than half.
- Foreign lenders question Ruia's motive to pay backThe lenders questioned the group’s motive to pay back their money while threatening “all possible steps” including legal action if they are...
- Deal with Rosneft, others, to help Essar Group achieve sustainable path: Kirit ParekhThe oil & gas expert said that the Essar Oil deal does signify that we will have perhaps a reasonably robust market in the future.
- Essar nears sale of $6.5bn refinery arm to RosneftThe board of Rosneft, which signed a non-binding pact on the potential purchase in July 2015, plans to meet on October 13 to approve the tr...
- Not clear of benefits to Rosneft on Essar stake buy: Moody'sRussia's top oil producer Rosneft may pay $2-3 billion to buy 49 per cent stake in Essar Oil, Moody's Investor Service said but raised doub...
- Rosneft deal to help Ruias delist Essar companies$35-billion Essar Group is working on a plan to take group firms private following the deal to sell 49 per cent stake in Essar Oil to Rosne...
- Essar Oil shares spurt 20 per cent on boursesAt volume front, 14.43 lakh shares of company changed hands at the BSE, while more than 47 lakh shares were traded at the NSE during the da...
- Essar Energy reiterates positive outlookIn the short term, Essar Energy will seek to reduce capital expenditure by focusing only on essential maintenance and project expenditure.
- Premier Oil threatens legal action if Ratna contract cancelledThe Ratna-R series of fields was awarded in February 1996 to Essar-Premier consortium through an open international bidding process.
- Essar oil renews sales agreement with BPCLThe renewed four year agreement, running upto 2016 is for supply of diesel, petrol, kerosene and ATF (aviation turbine fuel) to BPCL from i...
- Essar Shipping bags contracts of $25 millionEssar Shipping, part of the Essar Group, has bagged orders of $ 25 million from New Sino Oil Company to drill five wells in Brunei.
- Essar Oil goes big on CNG, signs agreement with Indraprastha GasEOL today announced that it has inked an agreement with IGL to put up the latter's CNG pumping facilities at EOL outlets in the NCR.
- Govt to offer Ratna to Essar if it sticks to cost-recovery planEssar wants to revise the amount because costs have risen but the oil ministry, which is facing severe scrutiny from the CAG on its dealing...
- ESIL to acquire oil drilling rigs in Oslo & USCyprus-based Essar Shipping & Logistics Ltd (ESLL) is all set to acquire of on-shore and offshore oil drilling rigs from two pubilcly liste...
- Dealer pressure fuels Essar's retail revivalEssar Oil is set to reopen its 300 odd closed petrol pumps and commission about 400 new pumps all over the country.
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