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Essar Capital to invest Rs 52,000 cr to set up various projects in Odisha: Director Prashant RuiaThe company looks to set up the CTC in partnership with an international player, he said. The industrialist further said Odisha is witnessi...- Essar Power commissions system to cut sulphur emissions by 25%"Essar Power, one of Essar Global Fund's key investments in the Energy portfolio, has commissioned its first flue gas scrubber at the Essar...
- Essar Power to set up 90 MW solar plant in Madhya Pradesh for Rs 300 crore"The board of Essar Power Ltd, an investee company of Essar Global Fund (EGFL), has approved an investment of Rs 300 crore in a 90 megawatt...
- Essar signs MoU with IIT Dhanbad (ISM) for R&D in CBM gas explorationThe Memorandum of Understanding for collaboration provides for finding "an effective solution for various technological and operational cha...
- London court dismisses ArcelorMittal plea against EssarIn an 81-page judgment, High Court Judge Andrew Henshaw on Monday found no merit in the case being brought by ArcelorMittal to enforce a wo...
- Essar appoints Pankaj Kalra as CFO of energy armKalra has 22 years of work experience.Prior to joining Essar, he was the CFO of Cairn Oil & Gas, and has been associated with Reliance, Air...
- Setback for ArcelorMittal: Cayman Island court refuses worldwide freeze on Essar Global FundA Garnishee Order Absolute prevents the garnishee from making repayment of the debt owed to the judgement debtor.
- Indian lenders sue Essar for default in US ProjectICICI Bank is the leader in the consortium of five Indian lenders, which together gave $530 million to ESML in December 2010, according to ...
- US steel project delay lands Essar in bad books of feared Wall St creditor DK Partners; recalls $370 million loanDK Partners is one of Essar Steel Minnesota LLC’s leading creditors for the $1.8-billion iron-ore pellet project in Naushwauk, northern Min...
- Essar completely exits telecom business after monetising $6 billionThe deal is part of EGFL's strategy to monetise global telecommunications portfolio at a value of over USD 6 billion, the statement said.
- Airtel, Safaricom bid for Essar Kenya may be approved by DecemberThe joint bid of Safaricom and Bharti Airtel to buy the telecom business of Essar in Kenya is likely to get the final approval of authoriti...
- Essar plans to raise $250 million from Russian bank to buy out minority shareholdersThe plan is to raise around $250 million of fresh loans for Essar Energy Holdings to successfully complete the share buy back programme sai...
- Essar sells telecom business in Kenya for $ 120 millionThe divestment will see Safaricom take over Essar Telecom's network, IT and office infrastructure while Airtel will acquire the company's s...
- Ruias may swing billion dollar cheque from VTBThe Russian bank may fund Essar Global to buy back shares from Essar Energy's minority investors; convert bonds and offers to takeout its e...
- How Essar Energy’s independent directors are working 'independently' of RuiasEssar Energy’s small shareholders were riled by the Ruias’ cut-price offer, but that’s not the story: the offer’s rejection by independent ...
- Essar Energy rejects takeover bid by majority owner RuiasEnergy conglomerate Essar's bid to take over its UK unit has been rejected by an independent committee set up by the subsidiary.
- Essar Energy reiterates positive outlookIn the short term, Essar Energy will seek to reduce capital expenditure by focusing only on essential maintenance and project expenditure.
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