news topics: energy

Essar Oil UK delivers robust financial performance in FY18 with EBITDA of US $300m and PAT of US $161m Completion of largest ever upgrade with a capex spend of US $258m, which will further enhance reliability and profitability FY18 highlights (reflecting a nine month period of Stanlow production pre-Turnaround) London, July 4th, 2018: Essar Oil […]

Saint-Petersburg, May 24, 2018 INTER RAO – Export LLC and Indian power company Essar Power have signed a Memorandum of Understanding and strategic cooperation in the power sector. The ceremony has taken place at St. Petersburg International Economic Forum 2018. Mr. Maxim E. Sergeev, Director General of INTER RAO – Export LLC, and Mr. Ravi […]

Stanlow, 15 January 2018: A local ‘Winter Warmth’ campaign, led by Age UK Cheshire, has benefited from a donation of over £3,400 thanks to fundraising efforts at Essar’s Stanlow refinery in Ellesmere Port. Employees supported the campaign by raising over £1,700 through collections across the site as they celebrated the festive period with a ‘Christmas […]

H1 FY18 (September ending) highlights London, 20 December 2017: Essar Oil (UK) Limited, which owns and operates the Stanlow Refinery, today announced record figures for the first six months of the financial year ending March 31st 2018. Operational and financial performance: Key Indicators (1 USD = Rs.64.06 ) September ending H1 FY18 H1 FY17 Growth Throughput […]

Mauritius, 12 December 2017: The erstwhile Promoters of Essar Oil Ltd (EOL), Essar Energy Holdings Limited (EEHL) and Oil Bidco (Mauritius) Limited (OBML), both companies incorporated and managed under the laws of Mauritius, have disbursed on 11 December 2017 INR 891 crores to erstwhile public shareholders of EOL translating into a price of INR 76.41 per […]

Mumbai, 10 October 2017: Essar Power Gujarat (EPGL) has taken objection to an article appearing in a section of the press, the contents of which seem to misinform the public that the issue is specific to EPGL. Reacting to the article, Mr V Ashok, Chief Financial Officer, Essar, said: “Essar’s proactive stance in trying to protect value […]

Announcement follows strong Q4 figures to cap robust FY17 performance Q4 FY17 (March ending) highlights FY17 (March ending) highlights London, September 6th 2017: Essar Oil (UK) Limited, which owns and operates the Stanlow Refinery, today confirmed significant capex investment and reported strong Q4 figures and financial results for the financial year ending March 31st 2017. Operational […]

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, […]

The sixth anniversary of the acquisition of Stanlow Refinery by Essar Oil UK has been recognised with a £7,500 donation to Cheshire Young Carers. The sixth anniversary of the acquisition of Stanlow Refinery by Essar Oil UK has been recognised with a £7,500 donation from the company to the Ellesmere Port based charity Cheshire Young […]

Mumbai / Singrauli, Madhya Pradesh, 11 August 2017: Essar Power MP Ltd. today stabilised operations in Unit II of its 2×600 MW Mahan power plant. The company has secured coal through a Government-conducted e-auction for the plant. Essar Power Ltd built the plant, which is located in Madhya Pradesh’s Singrauli district, at a cost of more […]