Essar Oil was delisted from the bourses in 2015 while it was in talks with Rosneft for a stake sale. Essar Oil already is burdened with 21,290 crore of debt, which is 3.1 times its equity at end-September 2011. Several years of delay - the refinery was initially planned in 1999, but became operational only in May 2008 - resulted in cost overruns. The company's annual capex has always been higher than its cash generated from operations necessitating to borrow continuously. However, things had ... Read more about Essar Oil UK H1 net jumps 231% to $169m on record GRM,Fx gains on Business Standard. Record refining margins and around USD 25 million forex gains helped Essar Oil UK, which owns and operates the 9-million tonne Stanlow Refinery, report its highest ever half-yearly net income at USD 169 million.Post-tax profit of USD 169 million Essar Ports Ltd has informed BSE that the Company has allotted 1,84,134 equity shares of face value of Rs. 10/- each to the Essar Ports Employee Stock Options Trust pursuant to the Essar Ports Limited Employees Stock Option Scheme - 2011 against an equal number of Options to enable eligible employees to exercise their Options. In view of the above the paid-up capital of the Company has been ... KOLKATA: ArcelorMittal chairman Lakshmi N Mittal on Tuesday made his first visit to Hazira, the Gujarat port town where his company, along with Japan’s Nippon Steel, bought Essar Steel out of bankruptcy in a Rs 42,000 crore deal. The steel tycoon called the acquisition his “homecoming”. “I was born in India and my roots are in India. Essar to build $10b refinery in southern Iran next year Rupee: Find latest Indian Rupee News on The Economic Times. Check why Rupee is falling or growing against Dollar, Rupee vs Dollar rate today.
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