Another 49 percent share will be split between commodities trader Trafigura and Russian investor United Capital Partners (UCP).

The Mobile Store has shut 400-odd stores in the past 18 months and several brands have stopped supplies to it due to outstanding payments.

As 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.

The lenders questioned the group’s motive to pay back their money while threatening “all possible steps” including legal action if they are...

The oil & gas expert said that the Essar Oil deal does signify that we will have perhaps a reasonably robust market in the future.

The 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...

Russia'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...

$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...

At 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...

In the short term, Essar Energy will seek to reduce capital expenditure by focusing only on essential maintenance and project expenditure.

The Ratna-R series of fields was awarded in February 1996 to Essar-Premier consortium through an open international bidding process.

The 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, part of the Essar Group, has bagged orders of $ 25 million from New Sino Oil Company to drill five wells in Brunei.

EOL 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.

Essar wants to revise the amount because costs have risen but the oil ministry, which is facing severe scrutiny from the CAG on its dealing...

Cyprus-based Essar Shipping & Logistics Ltd (ESLL) is all set to acquire of on-shore and offshore oil drilling rigs from two pubilcly liste...

Essar Oil is set to reopen its 300 odd closed petrol pumps and commission about 400 new pumps all over the country.