USL Diageo and Essar Oil Collaborate for Road Safety in India

Holistic awareness and engagement programme for drivers and citizens across National Highways

USL Diageo and Essar Oil Collaborate for Road Safety in India

Recent government statistics reveal the appalling state of road safety in the country, bringing to light the astonishing data of 1 road accident occurring every four minutes in India. With over 1,45,000 fatalities a year, India accounts for 12.5% of global road accidents. The United Nations mentions that India suffers a loss of $58 billion annually due to accidents. In 2012, 48,768 lives were lost in road accidents on the national highways with the number increasing to 51,204 in 2015.

Essar Oil showcases stellar annual performance at 26th Annual General Meeting

Essar Oil showcases stellar annual performance at 26th Annual General Meeting

Essar Oil Limited today announced to its shareholders that it had recorded its highest ever EBITDA, PAT and GRMs in FY 2015-16 at the 26th Annual General Meeting in Vadinar, Gujarat. In FY2015-16, the company achieved its highest ever EBIDTA of Rs 7,773 crore, which was 35% higher than the previous year. The Profit after […]

In India’s largest FDI deal, Rosneft and International Investment Consortium To Acquire 98% in Ruia’s Essar Oil under a $12.9 bn deal

The Transaction is the single largest tranche of foreign direct investment in India, and re-establishes the image of India as an attractive destination for foreign investments. Earlier in 2007, Essar Group, together with Hutchison Whampoa, brought Vodafone into India through an $11.1-billion transaction. With the current Transaction, this is the second instance that Essar has brought in world leaders in the sector to participate in the India growth story.

In India’s largest FDI deal, Rosneft and International Investment Consortium To Acquire 98% in Ruia’s Essar Oil under a $12.9 bn deal

In the single largest tranche of foreign direct investment in India, a $12.9 billion deal (Rs 86,100 crore) was inked on October 12 for sale of 98% in Essar Oil to Rosneft and investment consortium led by Trafigura. The transaction, that was announced in the presence Prime Minister, Narendra Modi and Vladimir Putin, President of the Russian Federation, at the BRICS Summit in Goa (India), includes Rs 72,800 crore ($10.9 bn) for Essar Oil’s refining and retail assets and Rs 13,300 crore ($2 bn) for Vadinar port and related infrastructure.