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.

Focus going forward will be more on city outlets: Essar Oil

We have a model of franchise owned franchise operated but we are now rethinking in terms of remodeling our strategy more towards company owned company operated, company owned dealer operated: Essar Oil

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.

Essar Oil eyes reasonable debt/EBITDA figures in next 2yrs

LK Gupta, MD & CEO of Essar Oil believes that it will be able to reach a reasonable figure of debt to EBITDA in next two years time.

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.

Essar Oil will replace Rupee debt by ECBs: CEO

Essar Oil turned profitable in the December quarter mainly due to strong refining margins‘. L.K Gupta, the company's CEO also attributed the robust performance of the company to the expansion and upgradation seen during the quarter.

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.

We will focus on debt reduction: Essar Oil's CEO

Essar Oil will focus on reducing debt in the ensuing quarters. L.K Gupta, the company‘s managing director and CEO told CNBC-TV18 the net debt burden has gone up by about seven percent, QoQ to Rs 15,000 in the September quarter.

Re, crude fall hurt margins; to improve in Q2: Essar Oil

MD and CEO of Essar Oil, LK Gupta, tells CNBC-TV18 that the profitability of the company was hurt by falling crude prices and the sharp rupee depreciation during the quarter.

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.

Rising global demand to boost refining industry: Essar Oil

In an exclusive interview with Naresh Nayar managing director of Essar Oil says the company's margins have improved on the back of rising global demand. "It is largely driven by the developments that have taken place with the Middle-East, as well as the Japanese crisis," he says.