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Essar Energy operating profit dips 7% in H1 on Re fall

Last Updated: Monday, November 25, 2013, 19:44

The LSE-listed flagship Essar Group Company, which is also into power generation, oil and gas exploration apart from refining, said during the reporting period it had to take USD 483 million hit due to the rupee fall.

Essar Energy net profit declines 7% on week rupee

Last Updated: Monday, November 25, 2013, 13:36

Power plant operator and oil refiner Essar Energy Plc reported a 7 percent decline in first-half core earnings as the impact of a weak rupee offset higher margins at the India-focussed company's key Vadinar refinery.

Essar Energy to exit Kenya refinery

Last Updated: Thursday, October 03, 2013, 13:07

London-listed Essar Energy plc Thursday said it will exit Kenya Refinery by selling its 50 percent stake to the government of the African nation for USD 5 million.

Essar Energy names Sushil Maroo as CEO

Last Updated: Thursday, August 29, 2013, 11:25

London-listed Essar Energy plc on Thursday announced appointment of Sushil Maroo as its Chief Executive Officer in place of Naresh Nayyar, who was largely instrumental in shaping of the company.

Margins at Stanlow refinery down over 33%: Essar Energy

Last Updated: Friday, August 16, 2013, 18:19

London-listed Essar Energy Plc today said margins at its Stanlow refinery in the UK fell by more than a third due to weak diesel and jet prices.

Essar Energy reports 18% rise in core earnings

Last Updated: Monday, November 26, 2012, 21:44

Essar Energy plc, an India- focused integrated energy company, Monday reported a 18 percent rise in core earnings in the six months ended September 30 on back of its British Stanlow refinery turnaround.

Essar Energy turns around Stanlow refinery

Last Updated: Monday, November 26, 2012, 18:31

London-listed Essar Energy plc has turned around UK's second largest refinery Stanlow within a year of taking it over from Royal Dutch Shell, posting a pre-tax profit of USD 197 million in six month to September 30.

Essar Energy in pact with Barclays Bank

Last Updated: Wednesday, July 25, 2012, 16:07

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

Essar Energy gets provisional approval for Mahan coal block

Last Updated: Monday, June 25, 2012, 19:03

Announcing preliminary results for the 15 month-period ended March 31, the company said a Group of Ministers has provisionally approved forest clearance for its Mahan coal block.

SC rejects Essar Oil's plea in $1.26 billion tax case

Last Updated: Wednesday, April 04, 2012, 18:24

Essar Oil Ltd.'s shares tanked Wednesday as the Supreme Court of India rejected the refiner's petition against a January ruling which said it can't defer sales tax payments to the Gujarat state government.

Essar Energy appoints Steve Lucas as 5th non-exec director

Last Updated: Friday, March 30, 2012, 17:06

London-listed Essar Energy Plc, the India--focused integrated energy company, on Friday said it has appointed Steve Lucas as its fifth non-executive director with immediate effect.

Volker Schultz joins Essar Oil as UK head

Last Updated: Thursday, September 29, 2011, 10:12

Ruias-owned Essar Energy Plc has appointed Volker Schultz as the Chief Executive Officer of its UK subsidiary, Essar Oil (UK) Ltd, including the Stanlow Refinery.