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ESSAR OIL ACCOUNT
SBI-led banks seek bids for Essar Group promoter guaranteesThe reserve price for the bids, with a June 17 deadline, is Rs 200 crore, showed a document on the website of the process advisor, BoB Capi...- GreenLine to invest Rs 1,500 crore in LNG trucking push, sees major diesel savingsGreenLine Mobility Solutions plans a Rs 1,500 crore investment to expand its LNG truck fleet to 10,000 and establish 50 refuelling stations...
- Ruias shave off 67 per cent of Rs 1.05 trillion group debt with EOL saleEssar Group founder Shashi Ruia said this landmark transaction and the resultant debt reduction usher in a new phase of growth across the g...
- After Reliance, Essar Oil too keen on subsidised LPG supplyEssar currently doesn’t have any cooking gas distribution but Reliance has a base of about 10 lakh consumers to whom it supplies non-subsid...
- Iran ends free shipping of oil to India: Dharmendra PradhanIran has ended free shipping of crude oil to India and has asked refiners like Mangalore Refineries (MRPL) and Essar Oil to arrange for fre...
- Iran central banker visiting India over $6-billion oil duesCentral Bank of Iran's vice governor Gholamali Kamyab is likely to visit India later this month to discuss payment options, sources said.
- NSE to suspend trading in Essar Oil from February 10Last month Essar Oil had completed delisting process from the stock exchanges after a payout of Rs 3,745 crore to shareholders.
- Sebi gives certain relaxations on Essar Oil delistingProviding certain relaxation, capital market regulator Sebi today gave more time to the promoter of Essar Oil to finalise the delisting off...
- Essar Oil Q2 net dips 14% to Rs 201 croreEssar Oil today reported a 14 per cent drop in second quarter net profit as its Vadinar refinery in Gujarat processed lesser crude due to a...
- Axis Bank may invoke guarantees if Essar group trips on repaymentOne of the branches of Axis Bank has credit exposure (of more than $100 mn) to Peak Trading -the Essar firm which received latest communica...
- Investor group questions Essar Oil-promoter co dealThe transaction relates to the transfer of tax liability worth thousands of crores from Essar Oil to Essar House and its subsequent reversa...
- Essar Oil Ltd's accounts de-frozenEssar Oil Ltd today said Gujarat government has de-frozen its bank accounts after it paid Rs 1,000 crore in sales tax dues.
- Sales tax dues: Essar Oil secures Rs 5K crore credit from 12 banksEssar Oil tied up a new credit facility from domestic banks to provide a credit line of up to Rs 5,000 crore to meet its sales tax liabilit...
- Gujarat govt seizes bank accounts of Essar Oil to recover taxesThe Gujarat govt seized three bank accounts of Essar Oil to recover the company's sales tax liability, including penalty, of Rs 8,414 crore.
- Essar Oil slips over 3% on rejection of sales tax recovery pleaEssar Oil dropped over 3% in early trade on Tuesday after the Gujarat HC rejected a plea for relief in the repayment of over Rs 8,000 crore.
- Essar to acquire African oil & gas assetsCompany identifies blocks in Nigeria, Libya & Madagascar; aims to secure crude supplies for refineries in India, Kenya.
- Essar Oil posts Q1 loss of Rs 70 cr due to poor marginsRuias-owned Essar Oil reported a net loss of Rs 70 crore for the quarter ended June 30 on account of a contraction in oil refining margins.
- Once reluctant to lend, banks now won’t talk pre-pay with Essar OilIt’s a case of changing fortunes. In the early nineties, lenders were hesistant to fund the Essar Group which was then struggling to grow i...
- Shell in talks to pick up 10% in Essar OilRoyal Dutch Shell is in advanced talks to acquire a 10% stake in Essar Oil as part payment for selling three of its European refineries to ...
- Essar Steel seeks shareholders' nod to delist sharesEssar Steel on Monday said it will seek shareholders' approval to delist the equity shares of the company from the bourses by way of postal...
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