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Big Deal discusses Essar Oil & fate of upcoming IPOs

Big Deal discusses about the completion of the sale of Essar Oil to Rosneft and consortium of Trafigura and UCP as well as about the fate of upcoming initial public offerings (IPOs).

Essar-Rosneft deal: Intention is to commercially optimise asset usage, says Essar Oil

After months of negotiations, the Essar group today announced the closure of its USD 12.9 billion deal to sell its refining arm to a consortium led by Russian oil major Rosneft.

New gas price for undeveloped discoveries to be $7/MMBtu: ONGC

DK Sarraf, CMD, ONGC says gas price for existing production remains unchanged at USD 3.8 per mmBtu.

Natural gas price hike long-term +ve for upstream cos: IDBI Cap

Positives from the hike in natural gas prices for the upstream companies would be in the long-term and not immediately, says Sudeep Anand, Analyst-Institutional Research, IDBI Capital Markets Services.

Cut iron ore prices by half due to over-supply: NMDC

In an interview to CNBC-TV18, Narendra Kothari, chairman and managing director, NMDC says the company has lowered prices from Rs 3600 to Rs 1500 per tonne.

Davos: Ruia on rationale behind Essar Grp's delisting move

The Essar Group has undertaken the delisting process for some of its businesses in the last few months.

Real chance of diesel deregulation in 2014: Essar Oil

In an interview with CNBC-TV18, Lalit Kumar Gupta, CEO of Essar Oil, spoke about a host of issues, including the possibility of complete diesel deregulation in 2014, the company‘s refining margins and its expansion plans.

Promoters' FCCB conversion to boost networth: Essar Oil

Speaking to CNBC-TV18, Lalit Kumar Gupta, chief executive officer, Essar Oil, says the FCCBs will be converted at an average price of Rs 130 and Rs 153 in two different tranches.

Effect of price-hike too limp; consumer to benefit: Experts

Maruti Suzuki chairman RC Bhargava and Essar Oil MD and CEO LK Gupta discuss on CNBC-TV18 that the effect of the 45-paise hike in reducing the subsidy is insignificant and uncertain, it will enable competition in the oil sector and ultimately benefit the consumer.

Port mechanisation to increase revenue by 15%: Essar Ports

Essar Ports has commissioned its 16 million tonne per annum (MTPA) dry bulk terminal at Paradip in Odisha. CNBC-TV18 spoke to Rajiv Agarwal, CEO and MD, Essar Ports regarding the expectations from the project and the challenges ahead.

Majority cos with Re loans to look at raising ECBs: Essar

In an interview to CNBC-TV18, the group CFO of Essar Group V Ashok says that majority companies with rupee denominated loans will look at raising ECBs.

Hope to complete CDR process by this quarter-end: Essar Oil

LK Gupta, managing director and chief executive officer of Essar Oil says, CDR process is just in the final last leg of completion. "We hope that by end of this quarter we should be out of CDR," he adds.

Confident of meeting any repayment schedule: Essar Oil

The government of Gujarat has made it clear that Essar Oil will not be given any concessions with respect to sales tax. LK Gupta, managing director and chief executive officer of Essar Oil is confident of meeting any repayment schedule which the company finally agrees with the Gujarat Government.

Essar Oil eyes refinery expansion in India

Oil major Essar oil announced their first quarter numbers. Revenues have seen a jump of 37% at Rs 16,478 crore. In an interview with CNBC-TV18, Naresh Nayyar MD and CEO of the company gave his perspective of the first quarter performance and divulged future plans.