In a bid to clear the tax liability, Essar Oil has filed a petition in the Gujarat High Court asking directions on repayment of installments and interest in relation to its sales tax deferral liability to the Gujarat government. Having posted the aforementioned liability in its December 2012 quarter accounts, the payments to the government will not affect the operations of the company. The state government had asked the company which is part of Essar group to repay Rs 6,300 crore sales tax plus interest accrued.
Essar Oil is currently trading at Rs. 54.50, up by 1.05 points or 1.96% from its previous closing of Rs. 53.45 on the BSE.
The scrip opened at Rs. 53.35 and has touched a high and low of Rs. 55.00 and Rs. 53.10 respectively. So far 408685 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 133.25 on 12-May-2011 and a 52 week low of Rs. 44.80 on 18-Jan-2012.
Last one week high and low of the scrip stood at Rs. 55.20 and Rs. 51.10 respectively. The current market cap of the company is Rs. 7470.20 crore.
The promoters holding in the company stood at 15.96% while Institutions and Non-Institutions held 3.54% and 6.50% respectively.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1308.85 |
| Indian Oil Corpn. | 138.95 |
| Bharat PetroleumCorp | 309.70 |
| HPCL | 395.35 |
| MRPL | 162.45 |
| View more.. | |
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