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Essar Energy in oil deal with Barclays
Barclays will take control of procurement and existing crude and refined oil inventories at Britain's second largest refinery to reduce the borrowing costs and trim debt levels of its operator Essar Energy. The deal comes nearly a year after Essar ...
Energy, Nuclear and Uranium: Critical Frontiers in India-Africa Relations
Another private sector company, Essar Energy Overseas Limited has a 50% stake in the Kenya Petroleum Refineries Limited since 2009. Both RIL and Essar have been bidding to acquire assets of British Petroleum in Zambia, Malawi, Botswana, Namibia, ...
IndianOil to set up refinery in Sri Lanka for Rs 20000 cr
Indian Oil Corporation (IOC) will set up its first refinery outside India with an investment of up to Rs 20,000 crore in Sri Lanka.
Credit Suisse poaches top mining banker
Credit Suisse has lured David Hammond, the prominent mining banker, away from Morgan Stanley, recruiting Mr Hammond to head up the mining and metals efforts globally for the Swiss bank.
Eight Indian companies in Fortune 500 list; IOC, Reliance lead pack
Fortune's global list of world's 500 largest companies for 2012, compiled on the basis of latest annual revenue figures, is topped by Royal Dutch Shell ending the retail major Wal-Mart Stores's two-year winning streak.
Essar Steel begins work to reroute the longest slurry pipeline
The company gets iron ore from NMDC Ltd and feeds it to the benefication plant in Kirandul. Afterwards, the ore is sent to the pellet plant in Visakhapatnam via the pipeline.
Maruti declares lockout at Manesar plant
Maruti Suzuki India Ltd has announced an indefinite lockout at their plant at Manesar, Haryana, after a general manager was killed and several others were injured in a violent confrontation between workers and management on Thursday.
India's Myanmar Fascination
Recently Mikkal Herberg, Research Director for Energy at the National Bureau of Asian Research stated, “We talk extensively about oil supply security and rising prices, but I frankly believe that Asia's real energy crisis is electricity.” India today ...
Analysis: Australia's fuel trade jumps as plug pulled on refineries
Australia is already Asia's top importer of diesel, while combined with rises in jet fuel and gasoline imports in the next five years it is on track to surpass Indonesia as the biggest fuel importer, consultancies FACTS and JBC Energy say. Diesel ...
Chhattisgarh govt renews MoU with Tata Steel
Munat said the state government was also considering the application of Essar Steel requesting renewal of it MoU singed in July 2005.