Essar Oil
ICICI Bank, SBI, Axis Bank gain after Essar Oil deal with Rosneft-led consortium
Shares of ICICI Bank, Axis Bank and State Bank of India gained between 1 per cent and 7 per cent after debt-laden Essar Group confirmed it has agreed to sell an oil unit to a consortium led by Russia's Rosneft.
Essar Oil settles $500 million of Iran oil bill: Sources
Essar Oil, the top Indian buyer of Iranian oil, has this month cleared $500 million of a debt owed to Tehran, two sources with direct knowledge of the matter said.
Essar Oil UK FY16 profit at $244 million
Essar Oil (UK), which owns and operates the Stanlow refinery, on Monday reported a net profit of $244 million in FY16, nearly 249% higher than $70 million in FY15.
Essar Oil turns around loss-making Stanlow refinery
Nearly five-years after acquiring the strategic Stanlow refinery from Shell, Essar Oil UK has turned around the loss making unit with a record net profit of USD 187 million in 2015-16 as it optimised processes, diversified cr
Essar Oil Q3 net profit zooms 7-fold at Rs 364 crore
Essar Oil today reported a seven-fold jump in its third quarter net profit at Rs 364 crore on account of record refining margins.
Essar Oil completes delisting in record Rs 3,745-cr payout
Essar Oil has announced completion of its delisiting from the stock exchanges on Wednesday after Oil Bidco, its promoter, agreed to pay Rs 3,745 crore...
Essar Oil delisting gets through as Sebi clears LIC bids
Essar Energy was recently delisted from London Stock Exchange, while the group also took private its locally-listed ports business recently.
Essar Oil delisting faces ‘technical’ issues; referred to Sebi
While the promoters' buyback offer got more than sufficient bids, the non-confirmation of this large chunk of shares - presumably tendered by LIC - has left the fate of the delisting offer uncertain.
Essar Oil’s shares gain 4 per cent as delisting offer by refiner begins
Essar Oil's stock went up by 4 per cent as delisting offer by the refiner began on Tuesday.
Oil imports get a distinct Latino flavour
India’s crude oil import basket is diversifying with firms looking for hedging against possible supply disruptions and many newer PSU refineries being keen to process heavier crude to improve margins...
8 stocks that made news today: Manali Petrochemicals, ITC and more
Shares of ITC fell over 6 per cent intraday on Monday after a Finance Ministry panel headed by CEA Arvind Subramanian suggested 40 per cent goods and services tax (GST) rate on tobacco products.
Sensex, Nifty may open in green on firm global cues; Essar Oil, Titan in focus today
The BSE Sensex and NSE Nifty are likely to open in green on Monday tracking SGX Nifty and global markets.
Essar Oil to delist from local bourses
Essar Oil Ltd, India's second biggest non-state oil refiner, today issued a public notice to delist the company from local bourses by buying out the non-promoter shareholding of 28.54 per cent at Rs 146.05 per share.
Essar Oil shares zoom over 15% on delisting relaxations
Shares of Essar Oil surged over 15 per cent on Monday after capital market regulator Sebi gave more time to the promoter of the company to finalise the delisting offer.
Essar Oil to shut Vadinar refinery for maintenance
Essar Oil will this week shut its 4,05,000 barrel-per-day Vadinar refinery in Gujarat for about four weeks to carry out maintenance work.
Essar Oil posts its highest quarterly profit ever
Essar Oil on Tuesday reported its highest quarterly profit ever at Rs 1,063 crore, up 54% year-on-year (y-o-y) in the April-June quarter boosted by strong refinery margins.
Essar Oil posts record Rs 1,063 cr Q1 net profit as margins improved
Essar Oil, India's second largest private refiner, today reported its highest ever quarterly profit of Rs 1,063 crore in April-June when strong refinery margins boost earnings by 54 per cent.
Essar Oil gets BSE approval to delist: Report
The Bombay Stock Exchange (BSE) has approved the planned delisting of shares in Essar Oil Ltd, two sources familiar with the matter told Reuters.
Essar Oil shares rise on Russia’s Rosneft’s deal
Shares of Essar Oil gained 0.48 per cent on BSE and over 1 per cent on NSE after Russian oil firm Rosneft confirmed that it would buy 49 per cent stake in the company for an undisclosed amount.
Essar Oil to sell 49% stake to Russia’s Rosneft for $3.2 bn
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.
Rosneft taking a 49% stake in Essar Oil’s Vadinar refinery
Russian oil major Rosneft is taking a 49% stake in Essar Oil’s Vadinar refinery, with plans to raise capacity and create a retail chain of stations, the Russian oil major announced late on Wednesday.
Essar Oil UK posts US dollar 70 mn profit in FY15
Essar Oil UK, which owns and operates UK's Stanlow refinery, today reported a net profit of US dollar 70 million for the year ended March 31 compared with a loss of USD 121 million in the previous fiscal.
Russia’s Rosneft in talks to buy 50 pct stake in Essar Oil
Russia's top oil producer Rosneft had signed an initial deal to supply 10 million tonnes a year or 200,000 barrels per day (bpd) of oil to Essar Group over 10-years.
Essar Oil becomes India’s biggest CBM producer
Nearly 100 wells are producing and an additional 155 are at various stages of the hydrofracking-completion-dewatering cycle for further ramp-up
India skips Iran oil imports in March under US pressure
India halted oil imports from Iran for the first time in at least a decade in March as New Delhi responded to US pressure...
