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    • Challenges for domestic oil producers

      Import dependency, currency fluctuation, and competition from crude suppliers turning into petroleum producers have prodded domestic oil producers to innovate and be cost efficient.

    • India’s Refining Opportunities

      Currently, India has the third largest refinery capacity in the world and will soon become the third largest consumer of petroleum products. Lalit Kumar Gupta, MD & CEO- Essar believes that the rising demand will lead to huge opportunities for the petroleum industry.

    • Deal with Rosneft should be sealed over next 2 months: Essar Oil

      Speaking to CNBC-TV18's Yash Jain at their Vadinar facility, Lalit Kumar Gupta says the deal with the Russian energy giant should be sealed over the next 2 months. The promoters are already in talks with other interested parties to sell an extra 25 percent.

    • Essar Oil to invest Rs 1,600 cr to upgrade refinery, boost GRM

      The project will be funded through internal accruals only as company generates USD 1 billion EBIDTA and saves good amount of money every year, Gupta said.

    • Gas price fixed at $5.61/mmbtu, diesel cut by Rs 3.37/l

      The government on Saturday has fixed new gas price at USD 5.61 per million british thermal unit (MMBTU), increased from USD 4.2 per mmbtu earlier, reports CNBC-TV18. It also reduced diesel price by Rs 3.37 per litre following decline in global oil prices in last few days.

    • 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.

    • CEO Speak:JSW Energy will return to profits, says LK Gupta

      JSW Energy reported a loss of Rs109 crore in the July-Sept quarter compared to a net profit of Rs 84 crore which the company has posted in the year-ago period, but the company hopes to return to profits in the current quarter as it expects coal prices to fall and tariffs to rise.

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