news topics: energy

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 […]

Stanlow, August 21st, 2018: Employees at Essar’s Stanlow refinery recently celebrated their annual charity day with a donation to mental health charity Chapter. The company donated £7,500 to the Ellesmere Port based organisation, which was also supported by employees fundraising an additional £1,300 through collections, a sum that will be matched by Essar and brings […]

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 […]

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 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 […]