news years: 2017

Mumbai, 26 December 2017: Essar Oilfields Services (India) Limited (EOSIL) today announced that it has commenced a contract awarded by Mercator Petroleum to drill two firm oil wells plus one optional oil well in the Cambay Basin. With the company commencing a few other drilling contracts in this fiscal, EOSIL is expecting to clock revenues of […]

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 […]

Paradeep, Odisha Women led Self Help Groups, under Project Aajeevika, have been a dynamic force, having successfully demonstrated how to mobilize and manage thrift, appraise credit needs, maintain linkage with the banks, and work with the federation. They have been strengthening their groups by undertaking income-generation activities through the project. Worth a mention is the […]

Book Donation Drive for Reading Promotion An enthusiastic group of Essarites and their families volunteered to conduct a book donation drive at Essar township, Waidhan (Madhya Pradesh). This was done to promote reading at Essar Foundation supported Saraswati Shishu Mandir school. In the three-day drive from 26-28 Nov, 2017 volunteers managed to collect as many […]

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 […]

Visakhapatnam / Mumbai, 11 December 2017: Essar Vizag Terminal Ltd (EVTL) today said that it was taking a week-long shutdown ahead of the installation and commissioning of an 8,000 TPH (tonnes per hour) Ship Loader that forms a part of the Company’s Rs 830-crore expansion plan to upgrade the iron ore handling capacity of the Vizag […]

Essar Foundation’s project, “Holistic development of 12 villages of Coastal Saurastra region of Gujarat state” was declared 1st runner-up at The CSR Journal (TCSRJ) Excellence Awards 2017 in the Agriculture & Rural Development category. The award ceremony was held on 13 November 2017 in Trident, Mumbai. Maharashtra Chief Minister Mr Devendra Fadnavis was the Chief […]

Mauritius / Singapore, 27 November 2017: AGC Holdings Limited (AGC) Mauritius, a wholly owned portfolio company of Essar Global Fund Limited (Essar Global), has concluded the sale of 100% of its stake in ESM Holdings Limited, Mauritius, which is the holding company of Aegis, a major global outsourcing company, to Capital Square Partners (CSP) for US […]

Mauritius / Singapore, 27 November 2017: AGC Holdings Limited (AGC) Mauritius, a wholly owned portfolio company of Essar Global Fund Limited (Essar Global), has concluded the sale of 100% of its stake in ESM Holdings Limited, Mauritius, which is the holding company of Aegis, a major global outsourcing company, to Capital Square Partners (CSP) for US […]

Surat, Gujarat Specialised dental checkup camp was conducted in Mora Primary School of Hazira area. Children and adults including 343 students, school staff and trainees of Essar Lok Vikas Kendras underwent checkup at the day long camp. A range of dental issues emerged, like tooth decay, abnormal tooth colour, irregular teeth, especially among the children. […]