Mine clearance status of companies up for govt review

Last Updated: Sunday, June 28, 2015, 12:12

The Coal Ministry this week will hold a review meeting with companies, including Adani Power, Essar Power and GMR, to evaluate status of transfer of various clearances and schedule of opening of coal mines allocated to them through auction recently.

Essar Oil UK posts $70 million profit in FY15

Last Updated: Friday, June 26, 2015, 13:43

Essar Oil UK, which owns and operates UK's Stanlow refinery, Friday reported a net profit of USD 70 million for the year ended March 31 compared with a loss of USD 121 million in the previous fiscal.

Essar Oil UK gets new long term working capital funding

Last Updated: Wednesday, June 24, 2015, 18:37

Essar Oil UK, which owns and operates the Stanlow Refinery in Ellesmere Port, Wednesday said it has finalised a new long term working capital facility to fund purchase of crude oil.

Vodafone raises over $200 million in last one month

Last Updated: Tuesday, June 16, 2015, 22:40

Country's second-largest telecom operator Vodafone raised over USD 200 million (about Rs 1,300 crore) in last one month.

Russia's Rosneft in talks to buy stake in Essar Oil

Last Updated: Monday, June 15, 2015, 16:37

The stock has surged over 56 percent in the last six trading sessions.

Documents filed by Ravi Ruia appear to be "suspect": Court

Last Updated: Wednesday, June 10, 2015, 18:19

Essar Group promoter Ravi Ruia has faced the ire of the special 2G court which dismissed his plea seeking permission to travel abroad noting that the documents attached with his application appeared to be "suspect" and he was apparently "hiding appropriate facts".

Court pulls up Anshuman Ruia, denies permission to go abroad

Last Updated: Monday, June 8, 2015, 15:22

Essar Group promoter Anshuman Ruia, facing trial along with others in a case arising out of the 2G scam probe, has been denied permission to travel abroad with a special court rapping him for "wasting" its time by submitting "obscure" documents.

Essar Oil to ramp up coal gas production in Bengal

Last Updated: Sunday, May 31, 2015, 11:30

Additional 142 wells have been drilled and presently are at various stages of the hydrofracking- completion-dewatering cycle for gas production increase up to 1.2 million scmd.

Essar Steel back in black; posts profit of Rs 684 cr in FY15

Last Updated: Wednesday, May 27, 2015, 19:35

Ruias-promoted Essar Steel Wednesday posted a net profit of Rs 684 crore for the full fiscal ended March 31, helped by better operating margins, consolidation and higher demand for its value added steel products.

Special court allows Ravi Ruia to travel abroad

Last Updated: Monday, May 25, 2015, 21:32

Essar Group promoter Ravi Ruia, facing trial in a case arising out of the probe into the 2G spectrum scam, was Monday allowed to travel abroad by a special court, which also cautioned him to "desist" from filing frequent applications in this regard.

Essar Oil Q4 net profit drops 46% to Rs 546 cr

Last Updated: Monday, May 25, 2015, 21:15

Essar Oil Monday posted a 46 percent drop in net profit at Rs 546 crore for the March quarter mainly due to inventory valuation loss arising from dip in oil prices and a one-time interest cost.