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.