Essar Oil has witnessed reserves in its Raniganj coal bed methane block in West Bengal increased by 44.7%.

Essar Oil is likely to establish a trading counter in Singapore to assist export oil goods from its factory that has been widened by a third.

Reportedly, Essar Steel stated on Wednesday that it will establish its 5th service centre at Bhuj to provide for the auto and wide-ranging engineering divisions involving an allocation of Rs.50crore.

Essar Oil Ltd plans to reduce petrol and diesel rates by Rs.0.50 to Rs.2.50 a litre from 16th July to get them equal to rates of public sector companies.

Essar Oil has declared that it is going to increase $2,000 million by several routes.

Essar Oil on Tuesday declared an increase in retail fuel costs due to the rising international crude costs.

Domestic markets closed the week in the positive zone with the Sensex closing over the 15,100 mark.

The benchmark indices traded with optimistic bias in spite of selling stress at higher standards at 10:39 hours IST.

Domestic markets concluded the week in the positive zone as bulls had an impressive assembly on Dalal Street.

Mercator Lines, ABG Shipyard, SEAMEC, Shipping Corporation of India, Shreyas Shipping, Bharati Shipyard, GE Shipping Company, Essar Shipping and Varun Shipping Company rushed high.