Essar Oil spurts as group plans London listing - BloombergUTV

On BSE, 26.39 lakh shares were traded in the counter as against an average daily volume of 10.38 lakh shares in the past two weeks.

Oil Tanks India manufacturing facility.

The stock hit a high of Rs 147.55 and a low of Rs 141.60 so far during the day. The stock had hit a 52-week high of Rs 194 on 5 June 2009 and a 52-week low of Rs 60.10 on 6 March 2009. The sale would help expansion plans at Essar, with $15 billion of revenues, controlled by brothers Shashi and Ravi Ruia. Essar has interests in telecoms - including a joint venture with Vodafone of the UK, as well as steel, power, oil refining and outsourcing, in countries from the US to Kenya and parts of Asia.

Full Story: Essar Oil spurts as group plans London listing - BloombergUTV