Essar Oil
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| Type | Public company |
|---|---|
| Traded as | BSE: 500134 NSE: ESSAROIL |
| Industry | Oil and gas |
| Headquarters | Mumbai, India |
| Key people | Ravi Ruia, Chairman Lalit Gupta, MD,CEO |
| Products | Petroleum, fuels, natural gas and other petrochemicals |
| Revenue |  481.65 billion (US$8.8 billion) (2011)[1] |
| Net income | 21.55 billion (US$390 million) (2011) |
| Total assets | 210.84 billion (US$3.9 billion) (2011) |
| Owner(s) | Essar Group |
| Parent | Essar Energy plc[2] |
| Website | www.essar.com |
Essar Oil (BSE: 500134, NSE: ESSAROIL) is an India-based company engaged in the exploration and production of oil and natural gas, refining of crude oil, and marketing of petroleum products. It is a part of the Essar Group based in Mumbai. It operates a major refinery in Vadinar, Gujarat, India, which made it the second largest non-state refiner in India in 2009.[3]
In July 2009, Essar acquired a 50% stake in Kenya Petroleum Refineries Ltd.[4] In July 2012, following Gujarat High Court's directions Gujarat Government seized three bank accounts of the company to recover its tax dues of Rs80 billion.[5]
References [edit]
- ^ "The 20 largest companies in India – Rediff.com Business". bseindia.com. Retrieved 2011-07-20.
- ^ Essar Oil Ltd subsidiary of Essar Energy plc [LSE: ESSR, the India-focused integrated energy]
- ^ "Essar May Rise After Report That Shell May Acquire 10% Stake". Bloomberg. 23 November 2009.
- ^ Sharma, Rakesh (3 November 2009). "Essar Oil CEO: Exclusive Talks With Shell to End Nov. 30". The Wall Street Journal.
- ^ "Gujarat govt attaches Essar Oil's bank accounts to recover tax dues". 9 July 2012.
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