Essar Energy PLC ESSR

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Date	Author		Headline

Latest Company News

Date	Time	Source	Headline	Type
Previous Stories...
20/05/2013	18:31	DJ	DJ Essar Likely to Sign Pact with Chinese Bank for $1 Bln Loan	OUT
20/05/2013	14:29	RNS	Essar Energy plc - Director Declaration	RDN
20/05/2013	11:38	DJ	DJ Essar Energy Exercises Call Option in Respect of Shares	OUT
20/05/2013	11:26	RNS	Essar Energy plc - Exercises call option in respect of shares	MSC
10/05/2013	12:56	RNS	Essar Energy plc - financial results for Q4 & financial year 2012-13	MSC
18/04/2013	17:32	DJ	DJ UK Lawmakers to Examine Country's Oil Refining Industry	OUT
12/04/2013	12:12	RNS	Essar Energy plc - Essar Energy Director Declaration	RDN
08/04/2013	17:56	DJ	DJ Iraq Says It Will Auction Giant Nassiriya Oil Field, Refinery Dec 19	OUT
08/04/2013	11:38	DJ	DJ Essar Oil CEO: Plan to Raise $1.8 Bln Via Overseas Loans, Bonds	OUT
04/04/2013	14:35	DJ	DJ Essar Oil Completes Exit of Restructuring Loan	OUT
04/04/2013	14:27	RNS	Essar Energy plc - Essar Oil secures new debt agreement for Vadinar	MSC
18/03/2013	07:21	DJ	DJ Essar Energy Appoints Deepak Maheshwari Chief Financial Officer	MGT
18/03/2013	07:15	RNS	Essar Energy plc - Essar Energy appoints Deepak Maheshwari as CFO	BOA
04/03/2013	07:24	DJ	DJ Essar Energy Gets PhaseIII Environmental Clearance for Raniganj Field	OUT
04/03/2013	07:00	RNS	Essar Energy plc - receives phase III environmental clearance	MSC
11/02/2013	08:42	DJ	DJ Essar Energy Sees Continued Strong Performance at Refineries	ERN
11/02/2013	07:30	DJ	DJ Essar Energy: Vadinar Refinery Performing in Line with Views	ERN
11/02/2013	07:17	RNS	Essar Energy plc - Interim Management Statement	IMS
21/01/2013	07:10	DJ	DJ Essar, Reliance Keen on Selling Diesel to Indian Bulk Buyers-Sources	OUT
15/01/2013	11:44	DJ	DJ Essar Oil Swings to Net Profit on Higher Refined Product Sales	ERN

Regulatory News Abstract
Date	Type	Story
20/05/2013	Acquisition	Exercises call option in respect of shares The company announced that its 100% subsidiary Essar Energy Holdings Ltd, Mauritius has agreed to purchase 32.9m shares in Essar Oil Ltd, India, representing a 2.41% interes, from Imperial Consultants and Securities Private Ltd. The acquisition is pursuant to a call option agreement entered into with Essar Investments Ltd which subsequently demerged its investment division to Imperial. The call option agreement was entered into on 6 April 2010. The option was exercised at a price of Rs. 81.1 per share and the total consideration to be paid for the shares is US$48.7m.
02/05/2013	Adviser Change	Change of Financial PR Adviser The company's Financial PR Adviser has been changed from Capital MS&L to Brunswick Group
04/04/2013	Business Event	Secures new debt agreement The company announced that its subsidiary Essar Oil Ltd has completed the process for exiting the Corporate Debt Restructuring loan facility set up in December 2004 to help cover the construction of its Vadinar refinery in Gujarat. The Corporate Debt Restructuring loan facility has been replaced with a new debt facility of about c.US$ 1.65 billion on commercial terms from similar group of lenders
04/04/2013	Business Event	Refinancing through ECB / Swaps The company announces that as part of dollarisation of its rupee term debt, Essar Oil Ltd has refinanced Rs 26.1 billion of rupee term loans into equivalent foreign currency debt of US$ 481m through ECBs /Swaps. The company had received RBI approval of US$ 2.27 billion to replace its high cost rupee debt with ECBs, and now with the Corporate Debt Restructuring exit, the company will be able to refinance the remaining rupee loans to ECB
04/03/2013	Business Event	Receives phase III environmental clearance The company has been granted phase III environmental clearance for its coal bed methane gas field at Raniganj, West Bengal, allowing it to increase drilling to 650 wells which allows the full field development of the Raniganj block, excluding forest area. The phase III approval was granted by the Government of India's Ministry of Environment and Forests. The company is awaiting Government decision on appropriate commercial sales price for Raniganj.
11/02/2013	Business Event	Operating performance and update The company updates that during Q3, the Vadinar refinery achieved a throughput of 36.3m barrels/5.14 mmt, an increase of 77.0%. At the Stanlow refinery in the UK, throughput during Q3 stood at 18.0m barrels/2.40mmt, which was in line with the expected throughput for the period. During the third quarter ending 31 December 2012, all plant performed well with total generation of 2,862 MU. Within the captive generation portfolio, principally supplying power to Essar Steel at Hazira and the Essar Oil refinery at Vadinar, the key measure of availability, remained very good in Q3 at between 92.0% and 100%

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