Essar Oil, one of the leading player in energy sector and a subsidiary of Essar Energy plc, surged on Thursday after it received a certificate computing the floor price for the delisting proposal which has been issued by MZSK & Associates, engaged by promoter of the company, Essar Energy Holdings (EEHL) in this regard.

Based on the certificate, EEHL said that, a floor price of Rs 108.18 has been set for the delisting proposal, it said.

Shares of the company are trading at Rs 112, up Rs 5.30, or 4.97% at the Bombay Stock Exchange (BSE) on Thursday at 12:15 p.m.

The scrip has touched an intra-day high of Rs 112 and low of Rs 102.05. The total volume of shares traded at the BSE is 543,529.