Essar Energy PLC (ESSR) - Essar Oil: Financial results for Q2 and H1 2012-13
RNS Number : 7815Q
Essar Energy plc
09 November 2012
Essar Oil Ltd: Financial results for Q2 and H1 2012-13
November 9 2012: The release linked to this announcement was issued today by
Essar Oil Limited to the Bombay Stock Exchange and the National Stock Exchange
Essar Energy plc owns 87.09% of Essar Oil Limited.
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associated PDF document.
For further information on Essar Energy, please visit www.essarenergy.com
For further information on the Essar Group, please visit www.essar.com
Alternatively, please contact:
Mark Lidiard, Director of Investor Relations & Communications +44 20 7408
Andrew Turpin, Head of Media Relations +44 20 7408 8702 or +44 7827 283659.
Richard Campbell +44 20 7307 5334
Nicholas Bastin +44 20 7255 5117
About Essar Energy
Essar Energy (LSE:ESSR) is a world class, low-cost, integrated energy company
with an established track record.
Essar Energy, through its subsidiaries, owns one of India's largest private
power producers with 3,055MW of installed capacity and projects under
construction to expand its capacity to 9,670MW.
Essar Energy, through its subsidiaries, owns one of India's fastest growing
private sector oil and gas companies with a diverse portfolio of exploration
and production assets. The Vadinar refinery, located in Gujarat, is India's
second largest private sector oil refinery with throughput capacity of 20
million metric tonnes per annum or 405,000 barrels per day.
About Essar Group
The Essar Group is a multinational conglomerate and a leading player in the
sectors of Steel, Oil & Gas, Power, BPO & Telecom Services, Shipping, Ports,
and Projects. With operations in more than 25 countries across five
continents, the Group employs 75,000 people and has revenues of USD 27
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This announcement contains certain forward-looking statements, including
statements regarding Group's plans, objectives and performance. Such
statements relate to events and depend on circumstances that may occur in the
future and are subject to risks, uncertainties and assumptions. Although the
Group believes that the expectations reflected in such forward looking
statements are reasonable, there are a number of factors which could cause
actual results and developments to differ materially from those expressed or
implied by such forward looking statements, including, without limitation, the
enactment of legislation or regulation that may impose costs or restrict
activities; the re-negotiation of contracts or licences; fluctuations in
demand and pricing in the Oil and Gas, Power and Energy industries;
fluctuations in exchange controls; changes in government policy and taxations;
industrial disputes; war and terrorism. Further information on the significant
risks and uncertainties associated with the Group's business is set out in the
Prospectus published on 4 May 2010. These forward-looking statements speak
only as at the date of this document. The Group undertakes no obligation to
update any forward looking statements whether as a result of new information,
future events or otherwise, except to the extent legally required.
These statements (and all other forward-looking statements contained in this
document) are not guarantees of future performance and are subject to risks,
uncertainties and other factors, some of which are beyond the Group's control,
are difficult to predict and could cause actual results to differ materially
from those expressed or implied or forecast in the forward-looking statements.
This announcement does not constitute, or form part of, an offer or any
solicitation of an offer for securities in any jurisdiction, or an invitation
or inducement to invest in the Group or any other entity and should not be
relied upon in any way in connection with any investment decision.
* * *
This information is provided by RNS
The company news service from the London Stock Exchange
IR BDBDBSDGBGDC -0- Nov/09/2012 12:26 GMT
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