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ESSAR GLOBAL FUND
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...- 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 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 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...
- Non-steel repayments may soften bankers on Essar bidICICI Bank, Axis Bank, and Standard Chartered Bank, which had lent to Essar Global to fund expansion of the group’s businesses, have now be...
- 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.
- Hedge fund may seize super-yacht in dispute with billionairesThe latest stage of the escalating dispute threatens to spill out of the courtroom.
- 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.
- Essar Ports, Essar Shipping spurt as boards approve delistingBoards of directors of Essar Ports & Essar Shipping approved a proposal they received from Essar Shipping & Logistics, to delist shares fro...
- 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 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...
- Aegis completes sale of US arm to TeleperformanceEssar Group firm Aegis has completed sale of Aegis USA (AUI), its outsourcing arm in the US, the Philippines and Costa Rica, to Teleperform...
- Essar Steel Algoma demands cover against bankruptcy in USThe company filed for protection under chapter 15 of the Bankruptcy Code in the US while listing liabilities of more than $1 billion.
- 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...
- 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's US coal arm out of bankruptcy on $150 million infusionEssar Global Fund on Monday said it has infused more than $150 million into US-based Trinity Coal Corporation in an attempt to revive the b...
- 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.
- Essar to borrow $5 bn to fund expansionEssar Group is in talks with international bankers to raise about five billion dollars (over Rs 20,000 crore) by leveraging its 33 per cent...
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