Essar Oil
 |
|
| Public limited company[1] | |
| Industry | Oil and gas |
| Headquarters | Mumbai, India |
|
Key people
|
Ravi Ruia, Chairman Lalit K Gupta, MD, CEO |
| Products | Petroleum, fuels, natural gas and other petrochemicals |
| Revenue | ₹983.53 billion (US$15 billion) (2014)[2] |
| ₹21.55 billion (US$320 million) (2011) | |
| Total assets | ₹210.84 billion (US$3.1 billion) (2011) |
| Owner | Essar Group |
| Parent | Essar Energy plc[3] |
| Website | www |
Essar Oil 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.[4]
In July 2009, Essar acquired a 50% stake in Kenya Petroleum Refineries Ltd.[5] 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.[6]
It was a publicly traded company (NSE: ESSAROIL & BSE: 500134),until it was taken private in a leveraged buyout which closed on December 30, 2015.[7] It delisted the company valued at ₹380 billion (US$5.6 billion) by paying ₹37.45 billion (US$560 million).[8][9]
References
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