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Rs 86,000-cr Essar Oil-Rosneft deal cleared

The agreement came in after the Ruias agreed to clear most of the Rs 26,000-crore dues to the lenders on completion of the transaction. A consortium of 23 lenders led by State Bank of India on......

Essar not exiting oil & gas business: Ruia

The exploration and production assets of Essar Oil will not be part of the Rosneft deal and would continue to remain with the Group After striking the deal to sell its oil refinery to Russia's......

Ruias to sell 49% in Essar Oil to Rosneft for Rs 10,500 cr

The deal, in the works for a few months, is likely to be announced today The Ruias of the Essar group are set to sell 49 per cent stake in Essar Oil to Russian oil and gas giant Rosneft for about......

Independent directors reject Essar Energy's delisting move

The Ruia family’s efforts to make London-listed Essar Energy private received a severe blow on Monday, with a five-member independent board committee rejecting the move. The committee said......

'2013 to be year of consolidation for Essar Energy'

Last year, the Ruias-promoted Essar Energy completed some of its major growth projects in the energy space. Though there were concerns on the regulatory front, some of the company's power plants......

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