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Ruias to de-list Essar Oil from Indian bourses

Last Updated: Friday, June 20, 2014, 19:46

Essar Oil has scheduled a board meeting on June 23 to consider the delisting proposal.

Ruia brothers owned Essar Global under fire over London listing

Last Updated: Sunday, March 16, 2014, 23:05

Indian conglomerate Essar has been accused of exploiting UK listing rules to short-change minority investors in its London subsidiary.

Essar Energy rejects takeover bid by majority owner Ruias

Last Updated: Monday, February 24, 2014, 21:13

Indian conglomerate Essar's bid to take over its UK unit has been rejected by an independent committee set up by the subsidiary.

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 gets $300 mn credit to repay bridge loan

Last Updated: Thursday, September 12, 2013, 11:45

The USD 150 million facility, originally agreed with Axis Bank, was signed and disbursed in September 2012 and allowed for an increase to USD 450 million. Both facilities mature in 2017.

Essar Power raises Rs 1,000 cr through bonds

Last Updated: Wednesday, September 11, 2013, 15:43

As part of its plan to lower the debt service burden by replacing short-term debt with long-term borrowing, Essar Power has raised Rs 1,000 crore through an 11-year domestic bond sale.

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.

Essar Power FY'13 net loss at Rs 512 cr

Last Updated: Thursday, August 22, 2013, 17:52

Essar Power is a subsidiary of London-listed Essar Energy.

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 FY13 losses fall to $163 mn on better earnings

Last Updated: Monday, June 24, 2013, 16:25

Full-year refining margins rose 79 percent to USD 7.96 per barrel.