Essar Oil

The petitioner claims that the Collector of Stamps (Mumbai) has already issued show-cause notices to the ArcelorMittal Group dated June 10, 2025, and June 19, 2025.

Essar Oil and Gas reports 273% growth in PAT for Q3

The company attributed the improvement in its Ebitda margins to a reduction in operating cost and internal consumption in the nine-month period.

Essar strikes aviation fuel supply deal with Liverpool airport

The deal brings Essar’s total number of access agreements to six airports across the UK, which includes Manchester, Birmingham and London Stansted.

Essar Oil in talks to extend January UK VAT payment deadline

Essar Oil said it still needed to pay 223 million pounds ($305 million) to HM Revenue & Customs (HMRC) by January, confirming an earlier report in the Sunday Times newspaper, which said the company had used the government’s pandemic VAT deferral scheme last year.

Essar Oil UK appoints Deepak Maheshwari as new CEO

Deepak Maheshwari succeeds Stein Ivar Bye who left the company in April this year due to personal reasons, shortly after joining in October 2020, a spokesperson for the company said.

Essar Oil looking to raise Rs 3,000 crore in debt funding: Report

The company is in the process of changing its name to Nayara Energy.

Essar imports 18% less oil in 2017/18

Essar shipped in about 132,500 barrels per day (bpd) of oil from Iran in March, a decline of about 41 percent from February, the data showed. Imports from Iran in March were about 46 percent higher than a year ago, the data showed.

Essar Oil UK to see rise in margins following refinery upgradation

The company, controlled by Ruia-family of Mumbai that sold Essar Oil to Russia's Rosneft for USD 12.9 billion, has completed efficiency enhancement programme, the Project Tiger Cub, following which Stanlow's annual crude oil processing is projected to go up to 72 million barrels per day from 68 million bpd, he said.

Essar Oil still owes about 500 million euros in payments to Iran

The outstanding payments stem from delays in paying for Iranian oil when the country was under international sanctions over its nuclear programme. The sanctions ended in 2016.

Essar Oil picks Trafigura, BP for $1 billion oil-backed loan

Russian oil major Rosneft, fund UCP and Swiss commodities trader Trafigura bought Essar Oil's large refinery, 3,500 fuel stations and infrastructure for $12.9 billion last year.

Post RBI nudge, Enforcement Directorate begins probe in Essar Oil share allotment case

RBI had written a letter after the company breached the limit of Liberalised Remittance Scheme while issuing Global Depositary Shares.

Ruias clear Rs 891 crore additional payout to Essar Oil shareholders

The shareholders were initially paid Rs 262.80 per share at the time of delisting which worked out to Rs 3,064 crore for the 11.66 crore shares.

Essar Oil to invest $250 mn to expand refining capacity in UK

The investment in revamp of certain units of the refinery would help cut down on crude oil processing cost, improve product slate and lead to marginal increase in capacity, chief executive S Thangapandian said.

Rosneft Essar Deal: The changing competitive landscape in Indian fuel retailing

Rosneft, along with Trafigura and United Capital Partners UCP recently completed the acquisition of 98% stake in Essar Oil for $12.9-billion. The deal asserts that Indian Oil retail market is an attractive investment option for foreign investors.

Essar to pay additional Rs 880 crore to the minority shareholders

Essar said it received Rs 338.28 per share and, as per its previous commitment, is sharing the same with minority shareholders.

Banks get 3% of loans repaid from Essar Oil deal; Essar Steel debt still in limbo

Bankers to Essar Oil will get Rs 4,000 crore from Rosneft deal of Rs 82,740 crore (USD 12.9 billion) which will reduce Essar’s Group debt by Rs 70,000 crore

Essar Group says non-compete clause with Rosneft only for 3 years

Earlier, Essar Oil's new non-executive director, Jonathan Kollek had said, "They (Essar Oil) cannot build a refinery, they cannot build petrol stations. There is a non-compete, forever."

Ruias shave off 67% of Rs 1.05 tln group debt with EOL sale

Essar Group founder Shashi Ruia said this landmark transaction and the resultant debt reduction usher in a new phase of growth across the group portfolio.

Rosneft: EOL deal prevents Ruias from re-entering oil refining, retailing for ever

The company said it feels the Essar brand is "very strong" and will be retaining the same at the petrol pumps.

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.

Essar Oil completes sale of India assets to Rosneft, Trafigura-UCP consortium for $12.9 bn

An investment consortium comprising Trafigura and UCP has also announced the closure of their acquisition of a separate 49 percent share of EOL.

Rosneft, Trafigura-UCP consortium announce acquisition of Essar Oil for $12.9 billion

Rosneft will get a 49.13 percent stake in Essar and the Trafigura-UCP consortium via Kesani Enterprises Company Limited will get another 49.13 percent stake.

Intel agencies raise concern over Rs 82k cr Essar-Rosneft deal

The agencies have communicated to the home ministry about their security concerns over the deal, the official, who did not wish to be named, said.

Russia's Rosneft works on new strategy, plans to hike dividends

Rosneft head has that the company was working on a new strategy to counter the challenges of the global oil market and planned to pay higher 2017 dividends.

Russia's Rosneft CEO says takeover of India's Essar is closed

The deal, where Rosneft will hold a 49 percent stake, will allow the Russian company to increase oil refining output by 20 percent this year, he said.