essar oil

Essar Oil told to pay Rs.1,000 crore dues to Gujarat (Lead)


July 18th, 2012 - 12:02 am ICT by IANS
New Delhi, July 17 (IANS) The Supreme Court Tuesday directed Essar Oil to pay by July 31 Rs.1,000 crore to the Gujarat government as its dues towards value added tax ... Read more...

Posted in Business |

Essar Oil completes expansion of Vadinar refinery


March 29th, 2012 - 7:52 pm ICT by IANS
Mumbai, March 29 (IANS) Energy major Essar Oil Thursday said it has completed expansion of its Vadinar oil refinery in Gujarat that would boost turnover by about a third and ... Read more...

Posted in Uncategorized |

Essar Oil in pact with IGL for NCR CNG retailing


March 9th, 2012 - 5:53 pm ICT by IANS
New Delhi, March 9 (IANS) Essar Oil (EOL) Friday entered into an agreement with compressed natural gas (CNG) supplier Indraprastha Gas Ltd (IGL) for erecting pumping facilities at EOL outlets ... Read more...

Posted in Business |

Essar Oil’s Q3 net loss at Rs.3,986 crore


February 17th, 2012 - 9:26 pm ICT by IANS
Mumbai, Feb 17 (IANS) Essar Oil Friday reported a Rs.3,986 crore net loss for the third quarter of the current fiscal after accounting for sales tax that it had not ... Read more...

Posted in Business |

Airlines should tie-up with suppliers to import jet fuel


February 16th, 2012 - 9:38 pm ICT by IANS
New Delhi, Feb 16 (IANS) The civil aviation ministry Thursday said domestic airlines interested in importing jet fuel should tie up with suppliers who have the infrastructure to import ... Read more...

Posted in Business |

Gujarat seeks review of court order favouring companies


February 5th, 2011 - 9:29 pm ICT by IANS
Gandhinagar, Feb 5 (IANS) The Gujarat High Court is set to hear the state government's appeal against its earlier order prohibiting the state from collecting stamp duty from companies on imported ... Read more...

Posted in Business |

Energy sector deals worth Rs.7.38 lakh crore at Gujarat summit


January 13th, 2011 - 10:39 pm ICT by IANS
Gandhinagar, Jan 13 (IANS) The energy sector bagged deals worth Rs.7.38 lakh crore with major corporates such as Reliance, Essar, Adani and Torrent signing agreements with the Gujarat government at the ... Read more...

Posted in Business |

Indian Oil Corp tops Fortune India 500 list


December 9th, 2010 - 6:55 pm ICT by IANS
New Delhi, Dec 9 (IANS) Four state-run enterprises led by Indian Oil Corp figure among top five companies in terms of revenue in Fortune magazine's first India list of 500 largest ... Read more...

Posted in Business |

Essar Oil Q2 net profit Rs.1.3 billion


October 18th, 2010 - 8:22 pm ICT by IANS
Mumbai, Oct 18 (IANS) Essar Oil Monday reported a net profit of 1.3 billion for the quarter ended Sep 30 as against net loss of Rs 0.94 billion for the same period ... Read more...

Posted in Business |

Cabinet awards coal-bed methane gas blocks


June 24th, 2010 - 11:17 pm ICT by IANS
New Delhi, June 24 (IANS) The Cabinet Committee of Economic Affairs Thursday approved the awarding of seven exploration blocks for coal-bed methane gas blocks, with half going to Essar Oil. Coalbed methane (CBM) ... Read more...

Posted in Business |

New estimates value Essar gas reserves at $4 billion


March 5th, 2010 - 6:27 pm ICT by IANS
Mumbai, March 5 (IANS) The Ruias-led energy major Essar Oil Friday said its coal-bed methane blocks actually contain about seven trillion cubic feet (tcf) of recoverable gas, over twice than earlier estimates, ... Read more...

Posted in Business |

Oil and gas shares increase by two percent in afternoon trade


February 26th, 2010 - 3:13 pm ICT by ANI
Mumbai, Feb 26 (ANI): Amidst the budgetary proceedings in Parliament, the shares of oil and gas companies on Friday gained by two percent in the afternoon trade in the Bombay Stock ... Read more...

Posted in Business |

Essar Oil to invest $400 mn in Ranigunj gas project


January 21st, 2010 - 7:55 pm ICT by IANS
Kolkata, Jan 21 (IANS) Essar Exploration and Production Ltd, an arm of Essar Oil, will invest $400 million (Rs.2,000 crore) in its coal bed methane gas project at Ranigunj in West Bengal ... Read more...

Posted in Business |

Essar’s Raniganj gas reserve estimates raised (Business Capsule)


September 9th, 2009 - 6:09 pm ICT by IANS
Mumbai, Sep 9 (IANS) The petroleum and natural gas regulator, Directorate General of Hydrocarbons (DGH), has upwardly revised estimates of Essar Oil's Raniganj gas find to 60.77 billion cubic metres from an ... Read more...

Posted in Business |

Essar Oil loss spirals by over 8,600 percent


February 2nd, 2009 - 5:52 pm ICT by IANS
New Delhi, Feb 2 (IANS) Plagued by volatile global oil prices, economic slowdown and rupee depreciation, private oil refiner and retailer Essar Oil's net loss for the third quarter this fiscal rose ... Read more...

Posted in Uncategorized |

Essar Oil earmarks entire production for domestic market


January 9th, 2009 - 6:21 pm ICT by IANS
New Delhi, Jan 9 (IANS) Essar Oil's entire production will be for the domestic market, a senior company official said here Friday, the third day of an indefinite strike called by oil ... Read more...

Posted in Business |

Oil strike pushes Essar’s daily retail sales


January 8th, 2009 - 10:38 pm ICT by IANS
New Delhi, Jan 8 (IANS) Private retail outlet operator Essar Oil Thursday saw its daily sales jump in its daily sales after the ongoing oil sector strike hit supplies to petrol pumps ... Read more...

Posted in Business |

Bhel bags Rs.650 mn contract from Essar Steel


August 21st, 2008 - 8:55 pm ICT by IANS
Bhopal, Aug 21 (IANS) The state-owned Bharat Heavy Electricals Ltd (Bhel)has won a Rs.650-million contract for supply of 650 high tension (HT) motors for Essar Steel and Essar Oil's Hazira refinery, against ... Read more...

Posted in Uncategorized |

Government receives 181 bids for 45 hydrocarbon blocks (Lead)


June 30th, 2008 - 11:03 pm ICT by IANS
New Delhi, June 30 (IANS) The seventh round of auction of India's hydrocarbon assets Monday received 181 bids from 96 companies for exploration in 45 blocks, the government announced. Indian petroleum officials ... Read more...

Posted in Business |

Government receives record 181 bids for hydocarbon exploration


June 30th, 2008 - 8:18 pm ICT by IANS
New Delhi, June 30 (IANS) The government received 181 bids from 96 companies for exploration in 45 blocks of hydrocarbon assets, it announced Monday. Of the 57 blocks put on auction Monday, ... Read more...

Posted in Business |

‘India to emerge as global petroleum refining hub’


May 31st, 2008 - 8:39 pm ICT by admin
Mumbai May 31 (IANS) India is likely to emerge as a global petroleum refining hub in the next few years, Essar Oil CEO and managing director Naresh Nayar said here. Addressing a ... Read more...

Posted in Business |

Modi government benefiting Essar Oil, charges Congress


May 1st, 2008 - 1:23 am ICT by admin
Ahmedabad, April 30 (IANS) Gujarat's opposition Congress Wednesday charged that the Narendra Modi government was giving undue favour to Essar Oil, benefiting the private firm to the tune of Rs.100 billion at ... Read more...

Posted in Politics |

Reliance’s decision to close filling stations puts Govt. in a fix


March 26th, 2008 - 7:12 pm ICT by admin
New Delhi, Mar 26 (ANI): Petroleum and Natural Gas Minister Murli Deora on Wednesday admitted that Reliance Industries decision to close its petrol pumps has put the Government in a fix. ... Read more...

Posted in National |

Essar pipeline interconnection proposal with IOC approved


March 20th, 2008 - 3:57 pm ICT by admin
(Lead)New Delhi, March 20 (IANS) Essar Oil's proposal seeking interconnection with the Indian Oil Corp's (IOC) Salaya-Mathura trunk crude oil pipeline at Vadinar in Gujarat has been approved by the government, a ... Read more...

Posted in Business |

Ministry approves Essar pipeline interconnection proposal


March 20th, 2008 - 1:49 pm ICT by admin
By Noor Mohd New Delhi, March 20 (IANS) The petroleum ministry has approved Essar Oil's proposal seeking interconnection with the Indian Oil Corp's (IOC) Salaya-Mathura trunk crude oil pipeline at Vadinar in Gujarat, ... Read more...

Posted in Business |

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