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ESSAR GLOBAL
Fix the ABC of IBC: Why we should re-engineer the bankruptcy code furtherThe recent litigation around Jaypee has once again unleashed a raging debate over arbitrary decision-making by financial creditors, lack of...- GreenLine to invest Rs 1,500 crore in LNG trucking push, sees major diesel savingsGreenLine Mobility Solutions plans a Rs 1,500 crore investment to expand its LNG truck fleet to 10,000 and establish 50 refuelling stations...
- Maharashtra govt clears mega projects of ₹2.56 lakh crore in key sectors like solar, electronics and green energyMaharashtra Chief Minister Devendra Fadnavis approved special incentives for 18 large projects totaling ₹2.56 lakh crore. The investments a...
- Global strategic oil inventory totaled 2.5 billion barrels at end of 2025, EIA saysGlobal strategic oil reserves reached 2.5 billion barrels by year-end. China, the United States, and Japan hold the largest stockpiles. The...
- Reliance, Essar top bidders for coal-based methane gas exploration blocksThe bidding frenzy for coal-bed methane blocks heats up as Reliance Industries and the Essar Group step into the ring. The Directorate Gene...
- Mesabi Metallics secures $150 million from Macquarie for Minnesota iron ore projectMesabi Metallics, a proud member of the Essar Group, has successfully garnered USD 150 million in funding from Macquarie Group. This invest...
- Essar Capital names Anil Kumar Chaudhary as Chief Executive Officer for metal and mining verticalEssar Capital’s metals and mining business is at an advanced stage of developing and executing projects in India and the US. It is foraying...
- Essar Cyprus arm sells 6 ships to ArcelorMittal for $80mThe ships are owned by Essar Shipping Cyprus, an arm of Essar Global Fund, and are not part of Essar Shipping, the publicly traded company ...
- 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...
- London court dismisses ArcelorMittal appeal against EssarThe high court order of March 30 came as steelmaker ArcelorMittal looked to enforce a USD 1.5 billion arbitral award stemming from a soured...
- Essar Global repays all debt to Indian and foreign lendersIn the last two years the group has returned more than Rs 1,37,000 crore of borrowings, mostly to the Indian banking system.
- This $13 billion deal will be one of the largest ever deleveraging in history of companies: Prashant Ruia"Everybody in the family as well as the rest of the group was also involved for more than two decades in the business," Essar Group Directo...
- Ruia's Essar Global under fire over London listingIndian conglomerate Essar has been accused of exploiting UK listing rules to short-change minority investors in its London subsidiary.
- Fitch revises Essar Projects' long term rating to negativeFitch ratings has affirmed Essar Projects Ltd's long-term and short-term Foreign Currency Issuer Default Ratings (IDRs) at 'B'.
- India is a land of enormous business opportunities: RuiaOpportunities for running businesses in India are enormous, according to Essar Global vice-chairman Prashant Ruia.
- Essar Global may invest $6b in steel capacity expansionEssar Global, the Ruias’ international holding company, is expected to invest over $6 billion over the next five years to increase steelmak...
- Essar completes acquisition of AlgomaEssar Global has completed acquisition of Canadian steel maker Algoma for $1.58 billion.
- Essar Global appoints executive VPEssar Global on Monday announced the appointment of Alain Davezac as its Executive Vice President of strategic planning, mergers and acquis...
- Essar Global buys Minnesota SteelEssar Global, the holding company of the Ruia empire, late on Wednesday night announced the acquisition of the US-based Minnesota Steel for...
- Essar to bring all holdings under overseas umbrellaThe Essar group is in the process of consolidating its holdings in various businesses under a single overseas entity, Essar Global, in orde...
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