Essar Oil
With GAIL locked in as CBM buyer, Essar Oil now eyes shale gas
06 Mar 2018
Essar Oil, which was finding it difficult to sell its coal-bed methane gas, is set to sign a deal with GAIL with an assured offtake for 15 years, and is now looking at shale gas extraction from its Rajiganj coalfields
Essar Oil completes $12.9 bn sale of India assets to Russia's Rosneft
21 Aug 2017
Essar Oil today announced the completion of the sale of its India assets, including a 20-million tonne oil refinery, 3,500 retail outlets, and the nearby Vadinar port, to a Rosneft-led consortium
ICICI, Axis, StanChart get back $2.5 bn of Essar loans
22 Oct 2016
ICICI Bank and Axis Bank, which together have an exposure of $1.5 billion in the Ruias-led group, got back $450 million while StanChart with a higher exposure of $3.3 billion received $2.1 billion in cash
Rosneft-led group buys Essar Oil and related operations for $12.9 bn
15 Oct 2016
The all-cash deal encompasses EOL’s 20 million tonne refinery in Gujarat, India, and its pan-India retail outlets
Rosneft-led consortium to buy Essar Oil in $12-13 bn deal
14 Oct 2016
The deal, which includes Essar’s Vadinar refinery, power plant serving the refinery, the Vadinar port and more than 2,500 fuel pumps, is expected to be funded by Russia’s VTB Capital, part of state-controlled bank VTB
Singapore’s Trafigura Group in talks to buy a minority stake in Essar Oil
04 Jul 2016
Singapore-based commodities trader Trafigura Group is in talks to buy a minority stake in Essar Oil Ltd, in a deal that could value India’s second-largest private refiner at about $6.5 billion
Essar Oil completes Rs3,745-crore dilisting
31 Dec 2015
Essar Oil to delist, buy back shares at Rs146.05 apiece
07 Dec 2015
The number of domestic retail investors in Essar Oil is reported to have fallen nearly 18 per cent since June last year to 7.9 per cent in September, even as FII holdings rose to 5.4 per cent from 4.1 per cent
Russia’s Rosneft to buy 49% stake in Essar oil refinery
09 Jul 2015
Rosneft will gain a significant share in one of the biggest refineries in the Asia-Pacific region, expanding its market, particularly at a time when Russia is burdened with western sanctions
Ruias to sell 49% in Essar Oil to Russia's Rosneft for Rs10,500 cr: report
16 Jun 2015
The Ruias, along with Essar Energy Plc, own 90 per cent stake in Essar Oil and a deal with Rosneft will make the Ruias a minority shareholder in the company
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
