Company Profile For Essar Oil Ltd

Essar Oil Ltd (ESRO.BO) (Bombay Stock Exchange)

sector: Energy · industry: Oil & Gas Refining & Marketing ·

As of 11:46am IST

138.05INR

Price Change

+1.15

Percent Change

+0.84%

Analyst Recommendations

Overview

Essar Oil Limited (EOL) is an India-based company that is engaged in the exploration and production of oil and gas, refining of crude oil, and marketing of petroleum products. The Company’s assets include developmental rights in proven exploration blocks, a 10.5 million tons per annum refinery in the west coast of India and over 1,000 oil retail stations across India. The Exploration and Production (E&P) business of the Company has participating interests in several hydrocarbon blocks for exploration and production of Oil & Gas. This includes the Ratna and R-Series blocks on Bombay High and an E&P block in Mehsana, Gujarat. It serves retail customers through a network of over 1,000 retail outlets. The Company’s subsidiaries include Vadinar Power Company Limited, Essar Oil Vadinar Limited and Essar Energy Overseas Limited.

Quick Financial Synopsis

BRIEF: For the fiscal year ended 31 March 2009, Essar Oil Limited's revenues totaled RS377.05B, up from RS5.77B. Net loss totaled RS4.83B, up from RS412M. Revenues reflect an increase in demand for company's products & services and higher other income. Higher loss reflects a rise in employee costs, higher selling & marketing expenses, a rise in depreciation & amortization expenses and increased interest & finance charges.