Naresh Nayyar

"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.

Essar Oil UK posts $70 mn profit in FY15

Essar Oil UK is the unlisted subsidiary of Essar Energy Ltd and does not give quarterly earning numbers

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.

Essar Oil gets environmental clearances for CBM field

Essar Oil Ltd today said it has received environmental clearance for its coal bed methane (CBM) gas field at Raniganj in West Begnal.

Essar Power synchs 600MW unit at Mahan Power Project

Essar Power on Wednesday announced synchronisation of the first 600MW unit plant of its 1,200 MW Mahan-I project in Madhya Pradesh. With this, the total power generation capacity of Essar Power stands at 3,910 MW, as against 1,220 MW at the time of the company's IPO in May 2010

Essar Energy in pact with Bihar Electricity Board

Essar Energy has signed a power purchase agreement (PPA) with the Bihar State Electricity Board (BSEB) for 300 megawatts of contracted capacity from its 1,200MW coal-fired Tori I power station which is under construction in Jharkhand state.

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.