Press Trust of India | Thursday July 30, 2015
Essar Oil, India's second largest private refiner, on Wednesday reported its highest ever quarterly profit of Rs 1,063 crore for the April-June quarter, when strong refinery margins gave a 54 per cent boost to earnings.
Thomson Reuters | Wednesday July 15, 2015
Essar Oil Ltd will shut its 400,000 barrels-per-day (bpd) Vadinar refinery from the middle of September for a month, while Chennai Petroleum Corp Ltd will put a 1.85 million tonnes-per-year hydro-cracker plant on maintenance from July 19, officials said.
NDTV | Thursday July 9, 2015
Essar Oil shares surged as much as 5.1 per cent on Thursday to Rs 198.35 after Russia's Rosneft signed a deal to acquire up to 49 per cent stake in its Vadinar oil refinery.
Thomson Reuters | Wednesday April 1, 2015
The delay was intended to avoid an overlap with scheduled repairs at other refineries in India and to profit from current robust refining margins, they said.
Thomson Reuters | Wednesday February 25, 2015
The company has yet to finalise the dates for the shutdown, he said.
Thursday August 7, 2014
Essar has scheduled the shutdown to the later part of the month to take advantage of a planned cut in supplies of locally produced Mangala crude for about 10 days, industry sources said.
Monday July 7, 2014
Essar Oil is operating its 400,000 barrels per day (bpd) refinery at Vadinar at half of its capacity due to repair works at a pipeline linked to its crude unit, a company spokesman said.
Wednesday November 20, 2013
Essar Oil will shut a crude unit and a secondary unit at its 405,000 barrels per day (bpd) Vadinar refinery for a week from Thursday for planned maintenance, industry sources said on Wednesday.
Thursday April 4, 2013
Essar Oil Ltd today said it has completed the process for exiting the Corporate Debt Restructuring (CDR) loan facility set up in December 2004 to help it build the Vadinar refinery in Gujarat.
Monday February 11, 2013
Essar Energy said an expansion in refining capacity and the ability to better process lower-cost heavy crude oils helped firm up its refining margins in the third quarter.
Tuesday January 15, 2013
Essar Oil today returned to black with a net profit of Rs 32 crore in the December quarter and said it had received an approval from the Reserve Bank of India (RBI) to raise $2.2 billion foreign currency loans to refinance expensive rupee debt.
Tuesday June 5, 2012
Essar Oil has announced completion of its Rs 10,000-crore expansion project, four months ahead of schedule.
Friday April 27, 2012
Essar Oil said it has renewed a contract to sell petroleum products from its Vadinar refinery to state-owned Bharat Petroleum Corp Ltd.
Thursday April 26, 2012
The refinery would reach 400,000 bpd capacity in September, Managing Director Lalit Kumar Gupta said.
Wednesday April 4, 2012
Essar Oil is likely to cease fuel oil exports as early as May after starting a new delayed coker unit (DCU) at its 375,000 barrels per day Vadinar refinery last week
Friday March 30, 2012
Shares of Essar Oil surged more than 3 per cent in morning trade after the company announced the completion of Vadinar refinery expansion
Friday March 30, 2012
India could import about 8 per cent more oil or at least 260,000 barrels per day due to capacity addition.
Friday February 17, 2012
The firm also plans to attain 20 metric tonne per annum (MTPA) capacity in its Vadinar refinery by September 2012 of which 18 MTPA capacity will be completed by next month.
Thursday February 16, 2012
Essar Oil said Thursday it has filed a petition in the Supreme Court seeking a review of the apex court's decision setting aside a ruling of the Gujarat High Court that allowed the company to defer payment of sales tax to the state government.
Wednesday January 18, 2012
The company had availed of about Rs 6,300 crore of sales tax benefit as of December 2011.
Saturday December 10, 2011
Ruias-owned Essar Oil Ltd has proposed to set up a 6 million tonne refinery in Uganda even as it plans to invest $1 billion in more than doubling capacity of its Kenya refinery.
NDTV Correspondent | Wednesday November 23, 2011
Essar Oil Ltd has informed BSE that the Board of Directors at its meeting held on November 10, 2010, has approved the proposal to enhance the refining capacity of the Refinery to 20 MMTPA through optimization of the units of the existing Refinery at District Jamnagar, Gujarat by way of upgradation, debottlenecking, conversion, etc. of units and/or ...