Essar Oil on Monday said it tied up a new credit facility from a consortium of 12 domestic banks to provide a credit line of up to Rs 5,000 crore to meet its sales tax liability of Rs 6,300 crore.

A major upgrading of its refinery in Gujarat by Essar Oil should boost its margins by up to $5 a barrel, its chief executive said on Thursday, adding nearly three quarters of a billion dollars to its

The government will decide on the price of gas that Reliance Industries and Essar Oil plan to produce from coal seams by April-end, an Oil Ministry official said on Friday.

"We don't have to go to t

Essar Oil on Thursday said it has filed a petition in the Supreme Court seeking a review of the apex court's decision setting aside a ruling of the Gujarat High Court that allowed the company to defer