Page 3 - Essar Oil

Deadline missed, Essar Oil says sale closure to Rosneft-led group soon

All parties to deal strive to obtain requisite approvals, even as Rosneft confirms shift in goalpost

Essar Oil posts record 2,162 crore net profit in FY2016

Essar Oil got delisted from stock exchanges last year

Oil wars: How Russia's $13 billion Indian refinery deal almost fell apart

A multi-billion-dollar Russian deal to buy Indian refiner Essar was nearly sunk at the eleventh hour by a rival bid from Saudi Arabia

Essar Oil stake sale may set a precedent in oil and gas sector

With the Rosneft deal, it is the first time ever that promoters of a private Indian oil company have leapt over all hurdles to sell their whole stake to a foreign investor

Essar Oil deal to pull StanChart out of loan mess

StanChart that had lent $2.5 billion dollar to the Essar group will see its stressed asset problem come down significantly

Foreign firms lead in asset purchase after Essar Oil buy

MNCs pick up Rs 1.15 lakh crore of assets since January versus Rs 35,000 crore by local firms

5 implications of Russians buying Essar Oil

Despite Essar's assertions, the deal with Rosneft would only help the group settle a portion of its debt

Essar Oil sale to reduce group revenue by 80%

Ruias to now focus on steel, power and ports

Essar Oil might have to pay Rs 1,800 crore to minority shareholders

Proxy firm SES' calculation based on 2015 annual report shows a differential of Rs 125 per share over delisting price

Ruias sell Essar Oil, Vadinar Port for Rs 86,100 crore

Rosneft-led consortium acquires 98% stake in EOL; proceeds from the sale to be used to reduce debt by half

Rosneft, Trafigura sign pact for picking 98% in Essar oil

Rosneft Oil Company is the world's largest petroleum company with revenues in excess of $80 billion

Russian oil major Rosneft-led group acquires Essar Oil for $13 bn

Rosneft bought a 49 per cent stake in Essar Oil's refinery port and petrol pumps

Rosneft board meet today on Essar Oil stake buy

The board of Rosneft is meeting on Thursday to clear buying 49 per cent stake in Essar Oil at an enterprise valuation of $7 billion. The Rosneft investment would be one of largest FDI into India's oil and gas sector after investments by British oil giant, BP in Reliance's KG D6 blocks and Vedanta's acquisition of Cairn India Ltd. Essar plans to use the proceeds of the sale to retire its debt while Rosneft will use the Indian refinery to sell its products. Here are top 5 acquisitions in the Indian oil and gas sector

Essar Oil eyes foray into LPG distribution biz

In the non-subsidied LPG distribution business, Essar Oil looks to target customers with an annual income of Rs 10 lakh and above

Essar Oil to invest Rs 1200 cr in Vadinar refinery

The company has already invested Rs 400 crore during a 28-day planned shutdown of the refinery in September-October last year

Essar Oil's fuel exports to fall in 2018-19 as focus shifts to local sales

Rising fuel demand is expected to help push the growth rate in the country's fuel consumption ahead of China's

Essar Oil to invest Rs 1,200 cr before sale to Rosneft

Fuel exports to fall in 2018/19 as focus shifts to local sales

Essar Oil to invest Rs 1k cr in West Bengal

The company targets a production capacity of two mscmd in 2016-17

Ruias to give up Essar Oil control

Group in talks to sell 25% more stake, months after Rosneft agreed to buy 49% for Rs 19,000 cr

Ruias plan to sell another 25% stake in Essar Oil

Rosneft is majority owned by the Russian government with BP Plc holding under a 20% stake and public shareholding at around 10%