Essar Oil is currently trading at Rs. 116.00, down by 0.70 points or 0.60% from its previous closing of Rs. 116.70 on the BSE.
The scrip opened at Rs. 117.40 and has touched a high and low of Rs. 117.85 and Rs. 115.50 respectively. So far 170527 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 119.30 on 12-Jun-2014 and a 52 week low of Rs. 44.50 on 31-Jan-2014.
Last one week high and low of the scrip stood at Rs. 118.00 and Rs. 112.55 respectively. The current market cap of the company is Rs. 16799.90 crore.
The promoters holding in the company stood at 24.90% while Institutions and Non-Institutions held 2.85% and 6.61% respectively.
Essar Oil is reportedly planning to shut a 40,000-barrel-per-day unit at its Vadinar refinery for a week for maintenance in the second half of this month. Essar operates a 400,000-barrel-per-day refinery at Vadinar in Gujarat.
The company’s smaller CDU will go under maintenance shutdown in the fourth or the fifth week of August for about seven days. Its crude throughput during the maintenance period will be reduced by 350,000 to 400,000 barrels.
Essar has scheduled the shutdown to the later part of the month to take advantage of a planned cut in supplies of locally produced Mangala crude.
Essar Oil is a fully integrated oil & gas company of international scale with strong presence across the hydrocarbon value chain from exploration & production to refining and oil retail.
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