Latest News on Essar Oil
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Essar Oil - Total results - 64
Jan 07, 2019
Essar Global says all overseas debt cleared; $1.75 billion paid to Indian, foreign banksEssar Global has now repaid about Rs 6,300 crore to ICICI Bank, Axis Bank, and Standard Chartered Bank. This repays entire Rs 31,500 crore of loans availed from these banks during 2008-14.
Nov 26, 2018
Ahead of polls, govt allows OMCs to open over 55,000 new fuel pumps; to boost employmentFor the first time, the OMCs have invited bids from private players online to ensure transparency and the bidding process would be conducted by an independent agency.
Oct 08, 2018
Dharmendra Pradhan says two Indian companies to buy Iranian oil in November, unsure about waiver from US sanctionsOil minister Dharmendra Pradhan said two state refiners have placed orders for importing crude oil from Iran in November, the month when US sanctions on Iranian oil purchases take effect.
Oct 05, 2018
Fuel price cut: Private retailer Nayara Energy joins state-owned oil companies in subsidising petrol, dieselIndia's biggest private fuel retailer Nayara Energy, formerly known as Essar Oil, will join state-owned oil companies in subsidising petrol and diesel by Re 1 per litre, its chief executive B Anand said on Friday.
Jun 07, 2018
FDI inflows to India decline by $40 bn in 2017 from $44 bn in 2016; outflows more than double to $11 bn: ReportFDI inflows to South Asia contracted by 4 percent to $52 billion, owing to a drop in inflows to India
May 25, 2018
Petrol, diesel prices at record high: Essar Oil advocates cut in excise duty as solution to mounting fuel crisisEssar Oil advocated that cutting excise duties is a better option than subsidising petrol and diesel prices or going back to exercise of controlling rates
Apr 26, 2018
Rosneft-owned Essar Oil to be rename Nayara Energy; aims to scale up petrol pump network to 6,000 outletsRosneft and its partners completed the $12.9-billion acquisition of Essar Oil last August to enter the world's fastest-growing energy market
Mar 20, 2018
Essar Oil picks Trafigura, BP for $1 bn oil-backed loan as Indian refiner’s new owners seek to diversify firm’s financing baseKremlin-owned Rosneft has been under U.S. sanctions since Russia’s annexation of Crimea in 2014.
Mar 19, 2018
Private fuel retailers double petrol, diesel market share, says oil minister Dharmendra PradhanIn the private sector, Essar Oil had 4,275 petrol pumps while Reliance Industries had 1,400 retail outlets. Shell operates 100 petrol pumps
Aug 22, 2017
Essar to pay additional Rs 880 cr or Rs 75.48 per share to minority shareholders of EOLMinority shareholders of Essar Oil will get Rs 75.48 per share in addition to Rs 262.80 per share they had got on delisting