ESSAROIL

Essar Oil Limited has informed the Exchange regarding the approval granted by the shareholders at an Extraordinary General Meeting held on December 18, 2007 for issue of US $2000,000,000 (United States Dollars Two thousand million only) Global Depository Shares (GDSs) to Promoters on preferential issue basis. The Company has now informed the Exchange that on July 22, 2008, the company issued and allotted second tranche of 27,771,948 equity shares of Rs. 10/- each (face value) fully paid up at a price of Rs. 200.00 per share in favour of the overseas Depository, The Bank of New York, which are

Essar Oil Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2008 as follows: Net Sales of Rs. 56229 lacs for year ending on 31-MAR-2008 against Rs. 47398 lacs for the year ending on 31-MAR-2007. Net Profit / (Loss) of Rs. (4118) lacs for the year ending on 31-MAR-2008 against Rs. (6751) lacs for the year ending on 31-MAR-2007.

Essar Oil Limited has informed the Exchange that all the units of the 10.5 MMTPA Refinery at Vadinar, District Jamnagar have been operating satisfactorily and the Company has declared commencement of commercial production with effect from May 01, 2008. Further, the Company has submitted to the Exchange a copy of a presentation, being made to analysts on May 30, 2008. A copy of the presentation shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/essar_UP_3

Essar Oil Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2008 as follows: Net Sales of Rs. 56242 lacs for year ending on 31-MAR-2008. Net Profit / (Loss) of Rs. (4165) lacs for the year ending on 31-MAR-2008.

Essar Oil Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2008 as follows: Net Sales of Rs. 4746 lacs for quarter ending on 31-MAR-2008 against Rs. 26527 lacs for the quarter ending on 31-MAR-2007. Net Profit / (Loss) of Rs. (848) lacs for the quarter ending on 31-MAR-2008 against Rs. 99 lacs for the quarter ending on 31-MAR-2007.

Essar Oil Limited has informed the Exchange vide its letter dated April 24, 2008 that: "The Company has received today, a judgment passed by a Division Bench of the Hon'ble High Court of Gujarat at Ahmedabad, restoring eligibility of the Company to avail Sales Tax/ Value Added Tax deferment benefits to the extent of 125% of eligible capital investment in the Company's Refinery Project at Vadinar, District Jamnagar, under the New Capital Incentive Policy- Capital Investment Incentive to Premier/ Prestigious Unit, Scheme 1995-2000. The High Court has directed the Government of Gujarat to grant t

Essar Oil Limited had informed the Exchange regarding the approval granted by the shareholders at an Extraordinary General Meeting held on December 18, 2007 for issue of US$ 2000,000,000 (United States Dollars Two thousand million only) Global Depository Shares (GDSs) to Promoters on preferential issue basis. The Company has now informed the Exchange that on March 31, 2008,the company has issued and allotted first tranche of 34,227,018 equity shares of Rs.10/- each (face value) fully paid up at a price of Rs.200.00 per share in favour of the overseas Depository, The Bank of New York, which are

Essar Oil Limited has submitted to the Exchange a copy of the proceedings of the Extra Ordinary General Meeting of the Company held on February 28, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Essaroil_ProcedEGM_13032008.zip target=NEW> For more details click here.</a>

Essar Oil Limited has informed the Exchange regarding a press release, dated March 04, 2008, titled "Essar bags an E&P block in Vietnam; To invest USD 60 million". The copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Essar_PR_04032008.zip target=NEW> For more details click here.</a>

Essar Oil Limited has informed the Exchange that: " The shareholders of the company approved the following at the Extraordinary General Meeting held today, 28th February,2008: 1) Issue of US $2,000,000,000 (United States Dollars Two thousand million only) by issue of equity shares and/or convertible debentures and/or GDSs/ ADRs/ FCCBs by way of public and / or private offering in domestic/ international market(s) and / or qualified institutions placement; 2) Enhancing the borrowing powers of the company from Rs.25,000 crore to Rs. 30,000 crore over and above the paid up capital of the company

Essar Oil Limited has informed the Exchange that they are uploading a copy of a "Company Update Presentation" on the Company's website 'www.essar.com'. A copy of the presentation shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Essaroil_Pre_27022008.zip target=NEW> For more details click here.</a>

Essar Oil Limited has submitted to the Exchange a copy of the notice of the Extraordinary General Meeting of the members of the Company scheduled to be held on February 28, 2008. The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Essaroil_noticegm_02022008.zip target=NEW> For more details click here.</a>

Essar Oil Limited has informed the Exchange that at a meeting of the Board of Directors of the Company held on January 29, 2008, the following business was transacted: 1) Consolidation / Reorganisation of Upstream Exploration & Production business; 2) Raising of further capital. The Company has submitted to the Exchange a copy of the press release in this regard, dated January 29, 2008 a copy of which shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Further the company has info

Essar Oil Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2007 as follows: Net Sales of Rs. 14703 lacs for quarter ending on 31-DEC-2007 against Rs. 13721 lacs for the quarter ending on 31-DEC-2006. Net Profit / (Loss) of Rs. (1340) lacs for the quarter ending on 31-DEC-2007 against Rs. 12 lacs for the quarter ending on 31-DEC-2006.

Essar Oil Limited has informed the Exchange that "Essar Energy Overseas Ltd a subsidiary of Essar Oil Limited has entered into an agreement to acquire 50% stake in Kenya Petroleum Refineries Ltd. ("KPRL"), a 4 million metric tonnes per annum (MMTPA) refinery in Mombasa, Kenya. The Government of Kenya holds the remaining 50% of KPRL. Essar will acquire the stake from the existing shareholders - Shell, Chevron and BP. Subject to certain conditions, the acquisition is expected to complete in early 2008. The Mombasa refinery is the only refinery in Eastern Africa. It currently produces LPG, gasoli

Essar Oil Limited has submitted the Exchange copy of the proceedings of the Extraordinary General Meeting of the Company held on December 18, 2007. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/essaroil_EGM_10012008.zip target=NEW> For more details click here.</a>

Essar Oil Limited has informed the Exchange vide its letter dated December 18, 2007 that : "The Shareholders of the Company approved the following at the EGM held today: 1. Appointment of Shri. Naresh Kumar Nayyar as the Managing Director of the Company. 2. Issue of US$ 2,000,000,000/- (United States Dollars Two thousand million only) Global Depository Shares (GDSs) to Promoters on preferential issue basis".

Essar Oil Limited has submitted to the Exchange a copy of Notice of the Extra-Ordinary General Meeting of the Members of the Company to be held on December 18, 2007. The copy of the same shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/essaroil_noticeofEGM_23112007.zip target=NEW> For more details click here.</a>

Essar Oil Limited has informed the Exchange that at a meeting of the Board of Directors of the Company held on November 16, 2007 the following business was transacted. (1) Expansion of the refinery capacity from 10.5 MMTPA to 34 MMTPA. (2) Raising of US$ 2.00 billion by issue of GDSs to Promoters/ Promoter Group on a Preferential offer basis. (3) Calling an Extraordinary General Meeting on December 18, 2007. In this regard Company has submitted a copy of press release dated November 16, 2007, titled "Essar Oil to expand refinery capacity to 34 million tonnes per annum at a cost of approx. US$

Essar Oil Limited has informed the Exchange that at a meeting of the Board of Directors of the Company held today, October 31, 2007, the following business was transacted : 1) Appointment of Shri Naresh Nayyar as Managing Director. Shri Naresh Nayyar has been appointed as Managing Director of the Company for a period of 5 years with effect from October 15, 2007.

Essar Oil Limited has informed the Exchange regarding the standalone Results for the half year ended on 30-SEP-2007 as follows: Net Sales of Rs. 36793 lacs for half year ending on 30-SEP-2007 against Rs. 6769 lacs for the half year ending on 30-SEP-2006. Net Profit / (Loss) of Rs. (1977) lacs for the half year ending on 30-SEP-2007 against Rs. (5669) lacs for the half year ending on 30-SEP-2006.

Essar Oil Limited has submitted to the Exchange a copy of the proceedings of the Annual General Meeting of the Company held on September 29, 2007 and a text copy of Chairman�s Speech delivered at a Annual General Meeting. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). <a href=/content/corporate/Essaroil_Pro_09102007.zip target=NEW> For more details click here.</a>

Essar Oil Limited has informed the Exchange that "The Shri Hari L Mundra retired by rotation at last Annual General Meeting and did not offer himself for re-appointment. Accordingly, he ceased to be Dy. Managing Director & Director (Finance) of the Company with effect from 29th September, 2007".

Essar Oil Limited has informed the Exchange regarding the Outcome of Annual General Meeting of the Company held on September 29, 2007. The members have inter-alia among other business, approved the following: (1) Re-appointment of Shri Ravikant N Ruia and Shri Awadhesh N Sinha as directors; (2) Appointment of M/s Deloitte Haskins & Sells as Auditors, and (3) Enabling resolution for issue/allotment of FCCBs/GDRs/ADRs/any other financial instruments, convertible into equity shares, in the International market, to the promoters on Preferential Issue basis for an amount not exceeding US $750 milli

Essar Oil Limited has informed the Exchange that the auditor's have conducted the limited review of the unaudited financial results for the quarter ended June 30, 2007 . The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/EssarOilLtd_LR.zip target=NEW> For more details click here.</a>

Essar Oil Limited has informed the Exchange that the Annual General Meeting of the Company will be held on September 29, 2007.

Essar Oil Limited has informed the Exchange that: "The Register of Members and Share Transfer Books of the Company will remain closed from Friday, the 28th September, 2007 to Saturday, the 29th September, 2007 (both days inclusive) for the purpose of holding Annual General Meeting of the Company".

Essar Oil Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2007 as follows: Net Sales of Rs. 19133 lacs for quarter ending on 30-JUN-2007 against Rs. 4026 lacs for the quarter ending on 30-JUN-2006. Net Profit / (Loss) of Rs. (567) lacs for the quarter ending on 30-JUN-2007 against Rs. (2699) lacs for the quarter ending on 30-JUN-2006.

Essar Oil Limited has informed the Exchange that the auditor's have conducted the limited review of the un-audited financial results for the quarter ended on March 31, 2007. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/EssarOil_LR_07062007.zip target=NEW> For more details click here.</a>

Essar Oil Limited has informed the Exchange that "A meeting of the Board of Directors of the Company held today, the 24th April, 2007, the following business were transacted : (1) Unaudited Financial Resutls (Provisional) for the quarter ended 31st March, 2007 : The Unaudited Financial Results (provisional) for the quarter ended 31st March, 2007, were adopted at the meeting. (2) Shri A N Sinha as Non Executive Director : Shri Awadesh N Sinha has completed his tenure as Managing director & CEO. He will however continue as Non Executive Director on the Board of the Company."

Essar Oil Limited had informed the Exchange regarding the dispatch of a postal ballot form in relation to the Special resolution given in the postal ballot notice dated January 30, 2007. The company has now informed the Exchange that: "The Postal ballot forms were received till the close of the working hours of 12th March, 2007. The scrutinizer, Shri Prakash Pandya, submitted his report and the Chairman appointed for the postal ballot process announced the outcome of the postal ballot today the 15th March, 2007 at the Registered Office of the Company at Khambhalia Post, P.O. Box 24, District J

Essar Oil Limited has informed the Exchange that pursuant to section 192A of the Companies Act, 1956 read with The Companies (Passing of the Resolution by Postal Ballot) Rules, 2001 to transact the special business by passing through postal ballot: Special Resolution pursuant to provisions of SEBI (Delisting of Securities) Guidelines, 2003 for delisting Company's equity shares from Bombay Stock Exchange Ltd. and National Stock Exchange of India Ltd. as set out in the Notice dated 30th January, 2007. The Board of Directors has appointed Shri. Prakash Pandya, Practicing Company Secretary as the

Essar Oil Limited has informed the Exchange regarding a press release, dated February 01, 2007, titled "Essar Oil refinery functioning normally." The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/essaroil_press_010207.zip target=NEW> For more details click here.</a>

Essar Oil Limited has informed the Exchange that: "The Board at its meeting held on 30th January, 2007 has decided to seek consent of the shareholders to delist the equity shares of the company from the Bombay Stock Exchange Limited and National Stock Exchange of India Limited in terms of SEBI (Delisting of Securities) Guidelines, 2003".

Essar Oil Limited has informed the Exchange that "We have received a letter dated January 25, 2007 from Essar Energy Holdings Lmited ("EEHL") a promoter shareholder of Essar Oil Limited intending to delist the shares of the company from the Bombay Stock Exchange Limited and National Stock Exchange of India Limited. At present, EEHL together with Persons Acting in Concert (PAC) holds 217,981,874 equity shares and 5,126,708 Global Depository Shares representing 784,386,324 shares aggregating to 87.96% of the total equity share capital of company. We have also been requested to convene a Board me

Essar Oil Limited has informed the Exchange that Essar Energy Holdings Limited has acquired 365,708 GDS representing 55,953,324 equity shares aggregating to 4.91% of the total paid up capital of Essar Oil Limited on December 02, 2006. The mode of acquisition is through Subsrciption of GDS and the shareholding of Essar Energy Holdings Limited after the said acquisition is 46,330,035 equity shares and 365,708 GDS representing 55,953,324 equity shares aggregating to 8.98% of the total paid up capital of Essar Oil Limited.

Essar Oil Limited has informed the Exchange that the Company has on November 28,2006, issued and allotted 55,953,324 equity shares of Rs. 10/- each (face value) fully paid up at a price of Rs. 63.00 per share in favour of the overseas Depository, The Bank of New York, which are represented by 365,708 GDSs aggregating to US$ 78 million. The GDSs have been subscribed by Promoter Company, Essar Energy Holdings Limited for funding the Refinery Project.

Essar Oil Limited has informed the Exchange regarding the press release dated November 24, 2006, titled � Essar Oil commemces production at its 10.5 million tonne refinery�. The details of the Press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/CoTmmon/Corporate Announcements).<a href=/content/corporate/EssarOil_PR_27112006.zip target=NEW> For more details click here.</a>

Essar Oil Limited has informed the Exchange that at the meeting of the Board of Directors of the Company held on October 30, 2006, the following business was transacted :- (i) The Board took note of the appointment of Shri V K Sinha, Nominee of LIC of India.

Essar Oil Limited has submitted to the Exchange the copy of the proceedings of the Annual General Meeting of the Company held on September 29, 2006. The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).<a href=/content/corporate/Essaroil_AGM_06102006.zip target=NEW> For more details click here.</a>

Essar Oil Limited has informed the Exchange that the Annual General Meeting of members was held on September 29, 2006. The members have inter-alia among other business, approved the following:- (i) Re-appointment of Shri. Shashikant N Ruia and Shri Dilip J Thakkar as Directors. (ii) Appointment of M/s. Deloitte Haskins & Sells as Auditors. (iii) Appointment of Shri Anshuman S Ruia as Director, and. (iv) Appointment of Shri Suresh C Mathur as Wholetime Director of the Company.

Essar Oil Limited has informed the Exchange that at a meeting of the Board of Directors of the Company held on August 28,2006, the following business was transacted: 1) The Board decided to convene the AGM on September 29,2006 and approved the draft of the Notice calling for the AGM. 2) The Register of Members and share transfer books of the Company will remain closed from September 28,2006 to September 30,2006 (both days inclusive).

Essar Oil Limited has informed the Exchange that at a meeting of the Board of Directors of the Company held on July 31,2006, the Board took note of the resignation tendered by Shri S N Gogate, Nominee of Debenture Trustees, The Western India Trustee and Executor Company Limited.

Essar Oil Limited has informed the Exchange that Vadinar Oil has acquired 4,761,000 GDS representing 728,433,000 equity shares aggregating to 67.22% of the total paid up capital of Essar Oil Limited on June 30, 2006. The mode of acquisition is through Purchase and the shareholding of Vadinar Oil after the said acquisition is 4,761,000 GDS representing 728,433,000 equity shares aggregating to 67.22% of the total paid up capital of Essar Oil Limited.

Essar Oil Limited has informed the Exchange that the Board of Directors of the Company at their meeting held on June 30, 2006 the following business was transacted : (i) Noting Resignation of Shri K Sridhar, Nominee Director of LIC of India : The Board took note of the resignation tendered by Shri K. Sridhar, Nominee Director of LIC of India.

Essar Oil Limited has informed the Exchange that the Company proposes to make application to the Central Government for approval under section 198(4), 269 and other applicable provisions of the Companies Act, 1956 for appointment of Shri Suresh Chand Mathur as Wholetime Director of the Company. The advertisements published by the company in this regard shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Essar Oil Limited has informed the Exchange that the Company has received certified true copies of the order passed by the Hon'ble High Court of Gujarat at Ahmedabad sanctioning Scheme of Arrangement and Compromise between the Company lenders which has been filed with the Registrar of Companies, Gujarat on April 26, 2006. In compliance with the terms of the Court order, the Company has posted option letters to the Scheme lender. A copy of the option letters shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Co

Essar Oil Limited has informed the Exchange that the approval has been given by the shareholders at their AGM held on September 30, 2005 for issue of GDRs / other financial instruments convertible / exchangeable into equity shares in the international market to the promoters / nominees on Preferential Issue basis for an amount not exceeding US $ 300 million. The company has now informed the Exchange that The Company now proposes to issue, under this approval, the first tranche of GDRs aggregrating to US $ 78 million for funding the Refinery Project, subject to further approvals as may be requi

Essar Oil Limited has informed the Exchange that the Hon'ble High court of Gujarat at Ahmedabad has santioned Scheme of Arrangement and Compromise between the Company and its Scheme lenders. The Court has fixed April 13, 2006 as the Record date for determining the entitlement of the Scheme Lenders to receive the option letter as provided in the scheme. The Record date fixed by the court is only for determining entitlement of Scheme lenders to receive option letters under the scheme and not for payment of any interest/principal. The Scheme of arrangement is in the nature of restructuring of de

Essar Oil Limited has informed the Exchange that Shri Suresh Mathur has been appointed as an Additional Director with effect from April 4, 2006. Shri Suresh Mathur has also been appointed as Wholetime Director subject to approval of the members in the next General Meeting and the Central Governament.