First Thoughts

Essar Oil

Essar Oil is an India-based company engaged in the exploration and production of oil and natural gas, refining of crude oil, and marketing of petroleum products.

China Development Bank Supreme Court Essar Group Gujarat High Court West Bengal Indian Oil Corp Partha Chatterjee Reliance Industries


Leaders share their hopes and best wishes with the 1st batch of the HRAcademy https:…
Oil supply and demand may come back into line this year. What does a balanced market mean? https…
India's Essar Oil imports from Iran in H1 up 55% y/y
Across several villages in Gujarat,we are partnering with to improve livelihoods & impact outcomes.
With our franchisee program, fulfill your life long dream! Be an Essar franchisee, be a
Remembering the bravehearts. Your sacrifice will continue to inspire generations!
it's KPI time at Essar Oil Uk today, since contract commencement we have archived 100% month…
Roseneft to soon sign binding agreement to buy 49% stake in Essar Oil: After the deal, Rosneft will gain acce...
will gain access to the Vadinar refinery, second largest single site refinery in India
Rajan Impact : Essar promoters forced to sell family silver to repay debts
It is all the fault of Dr. Manmohan Singh and these banks which want to charge interest. .
Rosneft set to buy 49% stake in Essar Oil: Prashant Ruia..
Rosneft to sign deal with Essar soon, says Ruia
: Essar Group to sell 73% in oil arm July 23, 2016 at 11:32PM
Essar Oil in talks with Aramco, Vitol - Times of India
On here's a glimpse of our tradition which is a matter of great pride for us.
Shift to assembly line approach in striking CBM has paid off: shares growth plans with
leading from front to develop a viable gas economy in Eastern India.
Essar's success story which may prove to be a game changer for Indian oil & gas industry .
Glencore : Oil in talks with overseas oil trading firms to sell 23.5% stake . Read more:
Kudos to the team on this achievement!
Dr Reddy's Lab extends fall on getting warning letter from USFDA
Essar Oil rises 10% on Sebi order to promoters: Proxy advisors seek Sebi tab on delisting and…
Proxy advisors seek Sebi tab on delisting and look into all financial transactions between Roseneft and Essar...
Essar Oil rallies 10% after agreeing to pay higher for delisting. reports
Shareholders of Essar Oil had much to cheer as the company agreed to match the delisting price with the amount...
Essar Oil shares zoom over 15% on delisting relaxations: Shareholders of Essar Oil ap...
Essar Oil rallies 10% post agreeing to pay higher for delisting
SEBI clears Essar OIl delisting inside next few months~ 5 Questions to SEBI on this !
Essar Oil shares up over 15% on delisting relaxations from Sebi
Essar Oil hits 52-week high as Sebi grants relaxations on proposed delisting
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Essar Oil shares hit 52-week high - Shares of Essar Oil surged over 15 per cent today after capital market regu...
Sebi grants extension on delisting. But post delisting, Essar Oil need not make extensive disclosure on acquisitions
Essar Oil jumps as Sebi grants relaxations on proposed delisting
Sebi asks Essar Oil to match Rosneft's price for delisting - Economic Times
Great discussion (with Essar, RIL, Energy Business Consulting) on oil markets at Great Lakes Institute of Management.
The Ruias of ESSAR OIL (like Ambanis of Reliance Group) is always in the news for wrong reasons: . In the wake of...
Rosneft to supply oil to Essar refineries in India: Russian oil and gas firm Rosneft has agreed to supply oil ... http:…
Essar Oil : Co complied with laws for capital goods import
Essar Oil : Co didn't indulge in any wrongdoing
Essar Oil to pursue tax notice and decide on legal course.
Essar Oil is a company listed in India too and you can fight your battle in India itself without having to beg in the UK
Essar Oil, India’s second largest private refinery, today reported revenue growth of 10.7% to Rs1,07,190 crore, against Rs 96,797 crore reported for FY13. Crosses the rupees one lakh crore revenue mark. Watch the video for highlights.
Essar Oil to acquire group power plant for Rs 2,100 crore
The Volume Report : SKS Microfinance [+11.75%] topped by trading 6.1 times its 3-week average volume. High (rupee) volume activity today was also recorded in TV18 Broadcast [+2.73%], Punj Lloyd [-7.56%], AdityaBirla Nuvo [-2.86%], JK Tyre & Ind [+4.81%], Muthoot Finance [+5.43%] and Essar Oil [+1.53%] (descending order). They all traded over 3.0 times their average daily volume (BSE+NSE) of the last three weeks. These are the volume toppers from the 240 most active stocks.
Essar Oil leads gainers in A group:
Huge Selection of Helmets at Low Prices
Supreme Court refuses to grant extension to Essar Oil to pay sales tax dues.
Indian Shares Seen Lower On Weak Asian Cues Indian shares are seen opening lower on Friday, tracking weak Asian cues. Investors are increasingly worried that the Reserve Bank of India may hike repo rate by 25 basis points at its upcoming monetary policy meeting on October 29 to curb stubbornly high consumer-price inflation that accelerated to a seven-month high of 9.84 percent in September. On the earnings front, Adani Ports, Bharat Forge, Colgate Palmolive, Essar Oil, GAIL, ICICI Bank, ITC and TVS Motor are among the prominent companies that will unveil their quarterly earnings today. Indian shares erased early gains to end modestly lower on Thursday, with IT stocks pacing the declines. The benchmark BSE Sensex rose over a percent to hit a near three-year high of 21,039 early in the session before reversing direction to end down 0.2 percent at 20.725. The broader Nifty index also slipped 0.2 percent to finish at 6,164. Overseas investors remained net buyers in Indian equities, purchasing shares worth a n ...
Essar Energy, the 50% shareholder in also has India-based refinery, a major supplier of refined 2
Essar Oil to ship refined oil to China in return for $1 billion loan from Petrochina
RIL is trading at 790 rupees, up 0.8 pct; the stock has lost 5.4 pct so far this week Essar Oil, HPCL and BPCL rise more than 2 pct, Cairn India and IOC up over 1 pct, ONGC down 0.6 pct
Essar Oil Ltd, a player in Indian non-conventional energy sector and a subsidiary of Essar Energy Plc, announced the inauguration of its E&P Office at Durgapur for its CBM operations at WEBEL IT Park in the eminent company of the infrastructure created by Essar Oil at Webel IT Park will be used by its team and house technologically advanced instruments to run its CBM operations in CBM gas fields in Raniganj block in the state.
- Shoutout as Essar Oil Vadinar flags off
Oil retailers plunge on export parity pricing talks Shares of oil marketing companies corrected sharply as the oil ministry today gave in-principal nod to export parity pricing model for petroleum products, which is likely to result in huge losses for these oil retailers. Following the news, shares of OMCs like Hindustan Petroleum Corp , Bharat Petroleum Corp andIndian Oil Corp went down 4-6 percent. Finance minister P Chidambaram, petroleum minister Moily and the PMO met earlier today to discuss the issue of export parity pricing of petroleum products. For the last several months, the finance ministry has been demanding oil companies to move towards export parity away from trade parity. However, the proposal was rejected by the oil ministry on grounds that the oil marketing companies (OMCs) would lose too much money and that their balance-sheets would be severely weakened. According to sources OMCs could suffer losses of Rs 18,000 crore on switching to export parity pricing. It now remains to be seen how ...
Durgapur, 21st May 2013 Essar work resumes Work at an upcoming water-treatment plant of Essar Oil Ltd in Durgapur resumed today after the company decided to reinstate a guard sacked last week, the move coming a day after industries minister Partha Chatterjee said investors should "win hearts" of residents. Sources said Essar officials today directed the private agency that had sacked Anwarul Midda to take him back at the Kanksa plant. The private agency, ISCS, has been entrusted with the job of supplying guards to Essar. "The agency that supplies guards to us has withdrawn the suspension of Midda. Work at the plant resumed today. We will look into the villagers' other demands," said Essar spokesperson Rabin Ghosh from Mumbai. Over 60 villagers led by local Trinamul leader Kebu Chatterjee had on Sunday stalled construction work of the water-treatment plant over Midda's sacking. Kebu Chatterjee, however, threatened to stall work again if the villagers' other demands, such as laying metalled roads and erecti ...
KENYA: The future of east Africa's only oil refinery could be decided next week when a report is due on whether to upgrade the aging Kenyan plant or turn it into a storage facility, the country's energy regulator said on Tuesday. Fuel distributors have long complained about the poor quality products from the 50-year-old refinery in the port city of Mombasa and want it closed so they can buy cheaper and better imports. Under Kenyan law, they are obliged to buy its fuel. India's Essar Energy, which co-owns the refinery with the Kenyan government, has said it wants to raise $1.2 billion for a substantial upgrade. Linus Gitonga, director of the Energy Regulatory Commission (ERC), said the refinery would be converted into 'something more useful', including a storage facility, if the proposal for its upgrade turns out to be uneconomical. Fuel distributors say the refinery is operating below its 35,000 barrels per day capacity and some have threatened to boycott it. The ERC has said dismantling the facility comp ...
Essar signs oil-for-loans deal with CDB - - let's see if this is a new phase for Indian industry!
& Essar Energy exercises call option in respect of shares in Essar Oil Limited
India's Essar Oil to supply fuels to PetroChina after receiving Chinese loan | Hydrocarbon Processing
India's Essar Oil Ltd may sign a $1b loan deal with China that would be backed by supply of refined products to oil producer PetroChina.
New post: Essar Oil to trade fuel for Chinese loans
Thomas Kinkade Collectibles from The Bradford Exchange Online
India's Essar Oil is expected to supply fuels to PetroChina after receiving a large Chinese loan. The proposed deal:
Essar oil poised to unveil debt deal with China |
India's Essar likely to sign $1 bil loan with Chinese bank, source says --
Essar Oil to ink $1-bn loan deal with China Development Bank (CDB) -
Essar Energy plc on Monday said its Mauritius-based unit will buy 2.41 per cent stake in Essar Oil for over Rs 267 crore.
Durgapur, 19th May 2013 Essar plant protest About 60 villagers led by Trinamul activists have stalled construction of a water treatment plant of Essar Oil near Durgapur over the sacking of a guard, the protest coming a day before minister Partha Chatterjee's visit to a company office. The industries minister said he was not aware of the protest in Durgapur but warned that such demonstrations would be strictly dealt with. He will tomorrow inaugurate an exploration and production office of Essar Oil in Durgapur. He will also visit one of the project sites from where coal bed methane is being extracted. Today, the villagers led by Kebu Banerjee, the Trinamul president of Kanksa block, threatened the 15-odd Essar employees with dire consequences. Till late this evening, the protests continued. An Essar spokesperson in Mumbai said the matter would be solved through talks.
Essar Oil to ink $1 billion loan deal with China Development Bank -
Corporate News Update: • Energy promoter to sell 2.82cr shares via OFS on May 22. • Oil to ink MoU with Chinese bank.
BRIEF-Essar Energy Holdings buys 2.41 pct interest in Essar Oil from Imperial ...
MARKETS TODAY The benchmark indices are expected to open flat and consolidate further with a slightly negative bias due to negative cues from most overseas markets and as Nifty failed to sustain above the important level of 6200 points on Mon. Profit taking is expected at the 6180-level, predominantly in the first half of the day. Resistance is seen at 6208 levels & support is seen at 6146 levels. Stocks to watch: NHPC, Omaxe, JSW Energy, Essar Oil, Coal India, SREI Infra, ONGC. Result watch: Tech Mahindra. Data watch: UK inflation, UK producer prices, US chain store sales, US retail sales. KEY OVERNIGHT DEVELOPMENTS Wall street closed lower on Mon on profit booking, erasing gains of the previous session, after comments from the Chicago President of the Federal Reserve, Charles Evans. Profit booking and concern over the continuity of US monetary stimulus led most Asian indices lower. Gold gained 2.5% to close at $1393.80 per ounce. Crude oil gained 0.7% to close at $96.70 per barrel.
China Premier Li Keqiang flew to New Delhi on Sunday for the signing of an export finance deal for refiner Essar Oil.
Essar Oil to pointer $1 billion debt-for-fuel understanding with China: MUMBAI/NEW DELHI (Reuters) – Essa...
PRESS DIGEST - Financial Times - May 21: Essar Oil to sign fuel-for-cash deal with China Development Bank
Essar Oil to ink MoU with Chinese bank
India's Essar Oil signs fuel-for-loan deal with China Development Bank
Essar Energy Mauritius arm to buy 2.4 per cent stake in Essar Oil
"Essar Oil to sign $1 bln debt-for-fuel deal with China watch this deal
WSJ: Essar Likely to Get China Loan: Essar Oil will likely sign an initial agreement with China Development Bank...
Essar Likely to Sign Pact with Chinese Bank for $1 Billion Loan: Essar Oil Ltd. (500134.BY) will likely sign a...
Essar Oil to ink MoU with Chinese bank -
INDIA & CHINA : India and China will study new ways to ease tensions on their ill-defined border after an army standoff in the Himalayas, Chinese Premier Li Keqiang said on Monday,20 MAY 2013, on his first official foreign trip. The number two in the Chinese leadership offered New Delhi a "handshake across the Himalayas" and said the world's most populous nations could become a new engine for the global economy if they could avoid friction on the militarised border. "Both sides believe that we need to improve the various border-related mechanisms that we have put into place and make them more efficient. We need to appropriately manage and resolve our differences," Li said at a joint news conference with Prime Minister Manmohan Singh. There were small breakthroughs on trade, but no major agreements were signed. China and India disagree about large areas of their 4,000 km (2,500 mile) border and fought a brief war 50 years ago. Among the measures being looked at to reduce the risk of confrontation is allowi ...
Essar Oil opens E&P office in Bengal: Essar Oil Ltd, a subsidiary of Essar Energy Plc, on Monday inaugurated its exploration and production office at Durgapur in West Bengal. The E&P office was set up at...
Essar Oil inaugurates exploration and production office at Durgapur
Today in Durgapur, cloudy weather since morning.
Front Page News - May 20, 2013 Corporate Snippet Ø The Essar Group, will sign deals with a leading Chinese bank (China Development Bank ) and its largest oil & gas producer and distributor ( PetroChina Company ), deepening the BPO to-steel conglomerate’s engagement to tap billion-dollar funds for Vadinar. ( ET ) Ø SABMiller, the world’s second-largest brewer after AB InBev, plans to invest 440 crore in its unlisted Indian arm to expand capacity and its portfolio, and revive its fortunes in Asia’s thirdlargest economy.In an extraordinary general meeting in March, SABMiller India decided to allot 78 million shares to its UK-based parent at 56 each, it said in a filing with the Registrar of Companies.( ET ) Ø Aircel has appointed SBI Capital to refinance or reschedule repayment of part of the Rs 19,500-crore loan it had taken to build its network and buy 3G and 4G spectrum.( BS ) Ø The government might consider amendments to the Income Tax Act, 1961, as well as the Arbitration and Conciliation Act, ...
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How Essar Energy's Stanlow refinery is bucking a trend to think bigger oil refining WSJ
Top 10 Richest Indians in 2010. 10. Gautam Adani Gautam Adani — Net Worth: $6 Billion Started just in 1988, the Adani group has climbed up the ladder fast to reach forefront of business in commodities trading and expanded to infrastructure and energy. Its chairman Gutam Adani is our tenth richest person. 09. Kumar Birla Kumar Birla — Net Worth: $7.8 billion Birla group used to be the number two business house in India but after its split some decades ago, one of the group companies Aditya-Birla group, is the world's tenth largest cement company. 08. Sunil Mittal Sunil Mittal — Net worth - $8.2 billion. Airtel is the pioneer in the telecom in India and is the number one in the field. It is this company that took mobile phone and telemedia to all the corners of India. The Bharthi Airtel, the company that owns Airtel has Sunil Mittal as its chairman. 07. Savitri Jindal Savitri Jindal — Net Worth - $12 billion. Om Prakash Jindal, the founder of the Jindal Group died in March 2005 and the family fort . ...
Hi Friends. Today was my last day in Essar Oil ltd, jamnagar.due to some unavoidable circumstances I have resigned from my job and I would be taking new challenge in my family business at Solapur... Miss u all jamnagar guys.i have gained a lot of good experiences in jamnagar for 3 years... This memories and enjoyable moments spent with u all in 3 years will remain in mind for lifetime. Hope we meet sometime again in future... Miss u all Essarites. Good Bye. Vinay Dulange
Breast Cancer Awareness
HC notice to government, Essar Oil authorities - The Times of India
The court has also asked Jamnagar’s collector to submit a report on whether the companies follow proper guidelines so as to keep pollution under control.
HC notice to government, Essar Oil authorities (India Times)
Essar Oil Ltd appointed Virendra Singh Jain as an independent director NEW DELHI:(13May) Essar Oil Ltd today appointed Virendra Singh Jain, former Chairman of SAIL, as an independent director on the company board. Jain, a fellow member of the Institute of Chartered Accountants of India and Institute of Cost Accountant of India, previously was Chairman of steel maker SAIL. Virendrasingh Jain had worked with state refiner Indian Oil Corp ( IOC) for 26 years before becoming Director ( Finance) at SAIL and then the Chairman of the steel maker till his retirement in 2006. After retirement, he served the Jindal Group as Managing Director and CEO of Jindal Stainless Ltd.
1. Excise duty is a tax levied on the A. import of goods B. export of goods C. production of goods D. sale of goods 2. Which of the following is the first Indian private company to sign an accord with Government of Myanmar for oil exploration in two offshore blocks in that country? A. Reliance Energy B. Essar Oil C. GAIL D. ONGC ans 1. c 2. b
Essar Oil reports net profit of Rs 200 crore in Q4
Essar Oil plunges as Credit Suisse downgrades stock rating: Essar Oil plunged on Monday after global research firm
The company has posted good results for Q4FY13 with its gross revenue standing at Rs 25,757 crore and GRMs at USD 9.06/bbl.
Brokerages recommend buying on NTPC, Sun Pharma Essar Oil -
Essar Oil's huge debt is the main worry: Essar Oil has stabilised its operations and key booster to earnings will come from dollarisation of its debts, which should take three to six months.
this year sector wise if you look. the oil and gas sector is looking good. first the price of oil is getting decontrolled. already petrol is decontrolled. diesel is getting there and gas is been rationed. so most of the company would be getting better results this year. cruel oil price is cooling down due to slow down of china, India, EU and US. thirdly the currency war has started so probable our currency may gain in months to come. valuation wise this are either cheap like reliance at 12 P/e, BPCL at 16 P/e. and other would make profit this year like HPCL, essar oil, mrpl, chennai petro etc.
Enter Essar Oil on correction: SP Tulsian - According to SP Tulsian of sptulsian.com when Essar Oil corrects to Rs 76-78, one can take an entry in the stock from a short-term point of view.
Higher refining margins helped Essar Oil report net profit of Rs 200 crore in the March quarter as compared to a loss of Rs 608 crore a year ago.
Essar Oil eyes refinancing of arrears
Essar oil hopes to refinance $1.8bn of debt in 3-6 months - Essar Oil has RBI approval for refinancing upto USD 2.27 billion of rupee debt to dollars, and so far it has refinanced USD 481 million.
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MIINTDIRECT COMANY NEWS : Hearing that Essar Oil will report a loss this quarter, GRMs will be around $8-8.5 and EBITDA will be around 1200-1230 cr vs exp of 1280-1300 cr..
Mumbai: In India, the government is in damage control mode as pressure mounts for the resignation of the railway minister Pawan Kumar Bansal and law minister Ashwani Kumar, both at the centre of fresh corruption scandals. US markets fell after a record run as the focus shifted to the currency markets with the dollar hitting a four-year high against the yen. Markets shrugged off positive weekly jobless claims data which dropped to a five-year low. The Dow Jones Industrial Average was flat, while the Nasdaq Composite fell 0.1% and S&P 500 was down 0.4%. Asian markets were trading marginally higher on Friday morning. Japan’s Nikkei stock Average climbed 2.6% after the yen continued to slide and broke the psychological barrier of ¥100 against the dollar. Hong Kong’s Hang Seng and China’s Shanghai Composite were trading up 0.3% and 0.5% each on back of gains in Chinese property developers and banks. In India, the fate of the goods and services tax continues to hang in the balance because of unresolved i ...
Myanmar to Boost Local Firms Involvement in Oil, Gas Myanmar wants to boost the participation of local companies in oil and gas work in the country in the future, but right now they are not well developed enough to lead exploration and production activities, according to Myanmar's Deputy Minister for Energy. Speaking to the Offshore Technology Conference in Houston Thursday, U Htin Aung said: "I have stated before that … in the future we would like our Myanmar companies to work more actively in the oil and gas business. At this moment they do not have the experience or the knowledge… "So we are bringing them in to work together with foreign companies that have the expertise, and knowledge and technical know-how and all of the financial capabilities, to learn from them and hopefully in the future our domestic companies will be more active in the oil and gas industry of our country." One of the oldest oil producing states in the world, exporting its first barrel in 1853, Myanmar is opening up its oil in ...
The value of holdings pledged by promoters at the end of the March quarter stood at Rs 1,40,000 crore, compared to Rs 1,43,000 in the December quarter, according to a report by brokerage house Edelweiss . This is based on shareholding data disclosed by 3861 companies, of which promoters of 788 companies have partly pledged their shares. The pledged value is 2.09 percent of the total market capitilisation. Following are the key findings of the Edelweiss report: * From the F&O universe, of 144 companies, 47 pledged their shares in Q4FY13. Companies where promoters have pledged substantial portion of their equity are United Spirits (96.95 percent),HDIL (96.11 percent) and Unitech (75.72 percent). * Promoter pledge in United Spirits and HDIL has been above 90 percent over the past three quarters. * Between Q3FY13 and Q4FY13, incremental promoter pledge was in Crompton Greaves (61.58 percent versus 47.86 percent), Shree Renuka Sugar (38.88 percent versus 26.10 percent) and United Phosphorous (18.91 percent ver ...
Oil stocks rally on Diesel price hike: Stocks of Oil India, Indian Oil Corp. Ltd, Essar Oil and ONGC are all t...
Corporate News: # Bajaj Auto Ltd reported a 3% drop in sales for the month of February, over the same period last year. Within this motorcycles saw a 4% fall in sales, while commercial vehicles fell by 2%. However, exports grew by 10%, which is the highest ever for the month of February. # Videocon Mobile Services has signed an in-principle agreement with European telecom gear maker Nokia Siemens Network. With the 4G sercices network, Videocon will offer data service (internet) experience including Video Chat, Mobile TV, HD (high definition) TV content, digital video broadcasting etc, said Bali. Nokia Siemens Network is also the technology partner for Videocon for its 2G network. # PBA Infrastructure has got a Rs 780 crore order for four-laning of Solapur to Maharashtra-Karnataka border from Solapur Toolways. The nearly 100-km stretch on the National Highways - 9 would be executed as "BOT (Toll) on DBFOT pattern under NHDP Phase-IV. # Essar Oil announced that it has got phase III environmental clearances ...
Essar Oil to reverse account entries that boosted net worth, profit | Business Standard:
The shareholders of Ruia’s controlled Essar Oil will be in for a rude shock to know that the company had boosted its net profit and net worth for many years for thousands of crores of rupees, on the basis of mere accounting entries, which will now
Which of the following became the first oil & Gas Company to find shale gas deposits in India recently? (a) Reliance Industries Ltd. (b) Carin India © Essar Oil (d) ONGC
It’s not just Infosys. There are many companies that have surprised the Street by posting better-than-expected results for the quarter ended December. Of the 166 that have declared results so far, positive surprises have come from those in the IT, banking, oil & gas and consumer space (Infosys, HCL Tech, Reliance Industries, YES Bank and Bajaj Auto among key ones). Interestingly, the aggregate numbers suggest an improvement in the operational performance of these companies. With 18.5 per cent growth in aggregate revenue, the average profit before interest, depreciation and tax of the 166 jumped 25.1 per cent over that in the year-ago quarter. This is even as other income (largely non-core) rose only five per cent. Even if we exclude Essar Oil, which reported a net profit of Rs 32 crore against a loss of Rs 3,986 crore in the year-ago quarter, aggregate revenue, PBIDT (profit before interest, depreciation & taxes) and net profit are up 14 per cent, 15 per cent and 16.6 per cent, respectively, on a ...
Essar Oil to pay the second sales tax dues instalment on Jan 2: Essar Oil will pay the second instalment of its ...
ASANSOL, 2 DEC 2012: Essar Oil has shown interest in setting up its third coal-bed methane (CBM) project in the Asansol-Ranigunj belt in West Bengal. The company would invest Rs 5,200 crore for the project.
Essar Group takes baby steps to cut debt burden: LK Gupta, managing director, Essar Oil, in an interview with Bu...
Gujarat HC issues notice to Essar Oil: The Gujarat High Court on Friday issued notice to Essar Oil Ltd (EOL) and the...
Supreme Court orders Essar Oil to pay Rs 1000 crore tax dues to Gujarat govt by July 30 The Supreme Court has asked the Ruias owned Essar Oil to pay dues of Rs 1,000 crore as sales tax to the Gujarat government by July 30, following which the coercive action taken by Gujarat government to force immediate payment of the remaining principal amount of over $1 billion would be stayed. Shares of Essar Oil, a unit of the London listed Essar Energy Plc. Gujarat government sealed three bank accounts of the company in a bid to recover Rs 8,000 crore dues, including interest towards deferred tax liability after the Gujarat High Court directed the state government to expedite the recovery process from the company.
Little Giant Ladders
Supreme Court on Tuesday asked Essar Oil to pay Rs 1,000 crore to the Gujarat Government by July 30 to avoid any coercive action.
Pay Rs 1,000 cr in tax dues to Gujarat govt: SC to Essar Oil: The Supreme Court on Tuesday directed Essar Oil Ltd to...
FP BSE to include Essar Oil, NIIT in its Mid-Cap index: The Bombay Stock Exchange has said it would add 11 new s...
DAILY GK UPDATES: 26th JUNE 2012 1. International day against drug abuse and illicit trafficking is being observed today across the globe .The theme of this year is - Global Action for the Health; Communities Without Drugs. 2. Finance Minister Pranab Mukherjee today submitted his resignation to Prime Minister Dr. Manmohan Singh at his residence. 3. Sarabjit Singh, the Indian death row prisoner in Pakistan get President Asif Ali Zardari granting him mercy and commuting his death sentence to life imprisonment. 4. Union Minister for Small, Micro and Medium Industries handed over his resignation to Prime Minister Manmohan Singh on Tuesday in the wake of a Himachal Pradesh court framing corruption charges against him. 5. Gujarat High Court asks state government to expedite recovery of sales tax deferral liability worth over 6,400 crore rupees from Essar Oil. 6. Having secured the Olympic berth in the men's team event, India narrowly lost to hosts US under gusty wind conditions in Ogden (USA) to settle for a si ...
Facing cash crunch: Essar Oil to HC on sales tax: Essar Oil on Friday told the Gujarat High Court it was operating...
Nawanagar eventually came to be known as Jamnagar meaning the town of the Jams. A famous statement for people of JAMNAGAR is "java dhyo ne" means "let go". Jamnagar is today known as 'Oil City' because the world's biggest refinery complex belonging to Reliance Industries and a smaller one belonging to Essar Oil are located in Jamnagar
London-listed Essar Energy Plc’s Essar Oil is in advance talk with the State Bank of India to allocate a six year loan worth Rs6,300 crore in order to pay sales tax to a state government of Gujarat.
Essar Oil gains 5% on commissioning unit at Vadinar refinery-Stocks in News-Stocks-Markets-The Economic Times on Mobile
Essar Oil in talks with banks to repay sales tax liability - Hindu Business Line
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China Development Bank Supreme Court