Essar Energy

"Retail sales can help us push our margins by USD2-3 a barrel of refined fuel, as we can gain on dealer commissions and other areas of downstream integration. We already run seven outlets, and plan to grow this to 400 over the next three years," Essar Oil UK executive chairman Naresh Nayyar told reporters on a concall.

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.

Only mining ordinance can't solve all crises: Sushil Maroo

Sushil Maroo, CEO at Essar Energy is hopeful of the mining ordinance bringing more clarity to the industry with respect to transfer of mining licence ownership as well as demarcation of powers between Centre and the states.

Ruias go ahead with 70 pence/share offer for Essar Energy

The committee said the offer from Essar Global Fund Ltd (EGFL) 'materially undervalued' the London-listed resources company.

Essar Energy rejects takeover bid by majority owner Ruias

The panel unanimously concluded that, despite operational and Indian macro-economic challenges facing the business, a possible offer price of 70 pence per share clearly undervalues the London-listed oil and gas firm and its prospects.

In talks to buy out co: Essar Energy's largest shareholder

The fund said in November it would sell shares to dilute its 78.02 percent stake in Essar Energy so the company met UK listing requirements, which mandate that at least 25 percent of a company's stock be available for trading.

Essar Energy receives green clearance for Mahan coal block

Essar Power, a unit of Essar Energy, holds a 50 percent stake in Mahan Coal Ltd, a joint venture with Hindalco Industries that will mine the block.

Naveen Jindal and the new normal

The intense scrutiny on his dual life hasn't deterred politician-cum-industrialist Naveen Jindal. He is firm on his eventual goal: To become a full-time public servant. But, first, he has to fix his company.

Essar Energy sees margin improvement via refinancing

The company's focus will primarily remain on improving margins and cash flow through asset optimisation and refinancing.

Cairn ranked fastest growing energy firm in the world

With a compound growth rate of 121 percent in past three years, Cairn was ranked the fastest growing energy company in the world ahead of Cnooc of China, Valero Energy of the US, PetroChina, Essar Energy and Russian Rosneft.

Essar Energy to exit Kenya refinery

The Mombasa refinery has a nameplate capacity of 4 million tonnes per annum but could process only 1.6 million tonnes last year. Essar had planned USD 400-450 million investment in upgradation of the refinery to achieve optimal level of operation.

Margins fall at Essar Energy's Stanlow refinery

Essar Energy Plc said first-quarter refining margins at its Stanlow refinery in the UK fell by more than a third due to weaker diesel and jet prices relative to gasoline.

How India has punctured its gas balloon

Even as gas takes off in the US as a cleaner and cheaper fuel, India is heading in the opposite direction with policy flip-flops and failed promises strewn along the way.

Rising refinery margins can help Essar Energy turnaround

Operationally, Essar is starting to shape up. Financially, it is a work in progress. Essar looks poised to generate free cash flow on the back of its strong refining performance.

Essar Energy reports pre-tax profit of $1.34 bn in FY13

Full-year refining margins rose 88 percent to USD 7.96 per barrel of oil at the company's core Essar Oil business, which owns a network of 1,600 franchised gas stations across India.

Essar Energy, 19 others ink $1.5-bn deals with Chinese cos

Essar Energy and China Development Bank and PetroChina International Co inked a USD 1 billion loan for the oil major, according to the MoU sheet provided out by the event organiser, CII.

Essar Energy refining margins rise on capacity addition

Essar Energy said an expansion in refining capacity and the ability to better process lower-cost heavy crude oils helped firm up refining margins in the third quarter.

Supreme Court spares Essar Energy $327m tax interest

An Indian Supreme Court ruling has cut the tax bill of a subsidiary of London-listed Essar Energy by USD 327 million, in a development that the company said drew a line under its tax problems.

Essar Energy in pact with Barclays Bank

Essar Energy today said its subsidiary Essar Oil UK has entered into new arrangements with Barclays Bank covering the supply of crude oil to its Stanlow refinery in the UK.

Essar Oil ties up funds to repay tax dues

Refiner Essar Oil has tied up a loan facility for Rs 5000 crore with local lender State Bank of India to help settle a large sales tax liability, it said on Monday.

Essar Energy gets provisional OK to clear forest for mine

Essar Energy said it received provisional approval to clear forests at its Mahan coal block in Madhya Pradesh, but its shares fell as the news highlighted regulatory hurdles delaying its power projects in the country.

Lloyds Banking hikes stake in Essar Energy to 7.14%

British entity Lloyds Banking Group today said it has raised stake in Essar Energy to 7.14% after purchasing additional shares.

Essar Energy commissions second 600 MW unit in Gujarat

Essar Energy today said it has commissioned the second 600-MW unit of its Salaya power project in Gujarat. The commercial operations of the first 600 MW unit of Salaya project started in April, this year.

Essar get final nod in Indonesia for mining

Essar Energy today said it has received the final approval from the Indonesian government to start mining at the Aries coal project.

Supreme Court rejects Essar Oil's plea in tax case

Essar Energy Plc said the Supreme Court dismissed its unit Essar Oil's petition to review an earlier verdict that asked Essar Oil not to defer the payment of USD 1.24 billion in sales tax.