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Essar Oil to delist at floor price of 146.05/share

On Friday, shares of Essar Oil closed at 210.?15 rupees, up 0.67 percent.

Essar Oil gets BSE approval to delist

Essar Oil gets BSE approval to delist

The Bombay Stock Exchange (BSE) has approved the planned delisting of shares in Essar Oil Ltd, two sources familiar with the matter told Reuters.

Private refiners compete with state firms to sell diesel to railways

Private refiners Reliance Industries Ltd and Essar Oil Ltd are competing with state refiners to sell diesel to Indian Railways, sources at the state refiners said, after the federal government`s control over diesel pricing ended last year.

Essar Oil moves SC for extension of time to pay sales tax dues

Essar Oil Ltd on Friday moved the Supreme Court seeking more time for paying outstanding sales tax dues to Gujarat government on the ground that it is facing financial constraints due to economic slowdown and not given tax benefits unlike other refineries.

Essar Oil gets environmental clearances for CBM field

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

Essar Oil for diesel subsidy to pivate companies at par with PSUs

Essar Oil Ltd has demanded that it and other private fuel retailers be paid diesel subsidy at par with their public sector competition to create a level playing field.

Sales tax dues: Essar Oil secures Rs 5K-crore credit from 12 banks

Essar Oil Ltd Monday said it has tied up Rs 5,000 crore loan to meet most of its Rs 6,169 crore sales tax dues to the Gujarat government.

Guj HC rejects Essar Oil plea, asks Govt to expedite recovery

The division bench of Justice P B Majmudar and Justice Mohinder Pal rejected the petition of EOL which had sought that the company be allowed to pay the tax dues of Rs 6,414 cr in eight yearly instalments and grant it exemption from paying penalty and interest of Rs 2000 crore on it.

HC asks Guj not to take coercive steps for recovery from Essar

In a relief to Essar Oil Ltd, the Gujarat High Court on Friday asked the state government not to take coercive steps for recovery of 'sales tax deferral liability' from the company till further orders.

Essar Oil starts two key units at West India refinery

Essar Oil Ltd said Wednesday it started a new vacuum gas oil hydrotreating unit and a sulphur recovery unit at its Vadinar refinery in the western Indian state of Gujarat.

Essar Oil registers Rs 3,986 cr loss; to raise Rs 3,000 cr

Essar Oil Ltd on Friday reported a Rs 3,986 crore net loss in the third quarter after a one-time reversal of sales tax revenue and said it will raise Rs 3,000 crore in fresh equity capital to shore up the networth.