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.
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
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...
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 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.