Essar Power adds to capacity of National Grid, commissions 337-km, 400 kV Mahan-Sipat transmission line
Mumbai, 26 September 2018: Essar Power today announced that it has commissioned the 337-km Mahan-Sipat transmission line, the final leg of a 465-km transmission system consisting of three interstate transmission lines that have been built at an investment of Rs 2,400 crore. The 400 kV lines will help Essar Power’s 1,200 MW Mahan Thermal Power Plant […]
Essar signs GSPA with GAIL for offtake of entire production from Raniganj East CBM block
Delhi and Mumbai, 09 August 2018: Essar Oil & Gas Exploration & Production Ltd (EOGEPL) today announced that it has signed a Gas Sale and Purchase Agreement (GSPA) with GAIL (Gas Authority of India Limited). The GSPA entails a 15-year gas supply contract whereby the Company will be able to monetise its entire CBM production […]
Essar Oil public shareholders to receive an additional Rs 880 crore or Rs 75.48 per share over delisting price
Mauritius, 22 August 2017: Essar Energy Holdings Limited (EEHL) and Oil Bidco (Mauritius) Limited (OBML), the Promoters of Essar Oil Ltd (EOL), are pleased to announce that they will pay to former minority shareholders, who tendered EOL shares in the Delisting Offer, an additional amount of Rs 75.48 per share, based on the current closing numbers, […]
Essar Energy and Oil Bidco Successfully Conclude Sale of Essar Oil Limited to Rosneft and Trafigura-UCP Consortium for US$12.9 billion
Mauritius, 21 August 2017: The controlling shareholders of Essar Oil Limited (EOL)—Essar Energy Holdings Limited and Oil Bidco (Mauritius) Limited, both companies incorporated and managed under the laws of Mauritius—are pleased to announce the successful conclusion of the sale of 98.26% of EOL. Rosneft (through its subsidiary, Petrol Complex Pte. Ltd) has acquired 49.13% stake, and […]
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