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ESSAR CONGLOMERATE
Essar to invest $6.6 billion in power, port projects in GujaratEssar, built by brothers Shashi and Ravi Ruia, declared itself debt-free last year after it sold some of its assets in sectors including te...
Indian conglomerate Essar plans regional hub in Saudi ArabiaIndian conglomerate Essar Group is planning to make Saudi Arabia a hub for its expansion in the region. The group, led by CEO Prashant Ruia...
Essar's JV to set up UK's largest hydrogen hubConglomerate Essar and Progressive Energy have formed a new new joint venture, Vertex Hydrogen, to build the UK's largest hydrogen hub at t...
Could’ve been conservative, but in 2008-09 everyone was chasing growth: Prashant RuiaOn Tuesday, the group announced an additional Rs 880-crore payout to minority shareholders of Essar Oil who had tendered shares during a de...
Essar said to be in asset sale spat with IDFC private equityThe group’s Essar Power Ltd. unit is in arbitration with IDFC’s India Infrastructure Fund over disagreements on plans to sell the Vadinar p...
Essar names Jayantha Prabhu as Group CIOPrabhu has been with the conglomerate since 1999 and was responsible for creating and implementing the group’s technology plans as the chie...
Essar in talks with Russia’s VTB to refinance $3.5 billion loansStandard Chartered Bank, which was among the most aggressive lenders for industrial houses, is believed to be having more than $3 billion e...
- Essar gets green nod for CBM field
The company will spend 2,500 crore to ramp up the capacity at the site and to build supporting infrastructure, Iftikhar Nasir said.
- Essar Shipping to get listed on bourses tomorrow
For every three shares of ESPLL held, shareholders received two shares of Essar Ports, and one share of Essar Shipping.
- Essar Group mulls listing infrastructure business in London
Diversified Essar Group is planning to list its infrastructure business in London next year, a move that could raise about Rs 3,700 crore.
- Essar may invest Rs 600 cr in Canada port facility
The Essar group is likely to invest almost Rs 600 crore in a port facility in Canada to facilitate trade from its subsidiary Essar Steel Al...
- Vodafone protests Essar's reverse listing
Vodafone has written to Sebi & BSE against reverse listing of Essar Telecom, which holds 11% in JV.
- Ruias' Essar for $ 8-bn London listing: Report
The listing could make it the first Indian company to enter London's main market since Vedanta, 7 yrs ago. Developments you need to track |...
- Essar in pact to buy 3 Shell refineries
The Ruias-owned Essar Group has clinched an exclusive agreement to buy three refineries from Royal Dutch Shell in a move that could potenti...
- Essar Steel Holdings brings in Mehra as CEO
Essar Steel Holdings says it has appointed Jatinder Mehra as the chief executive officer.
- Vodafone expects FIPB approval in coming weeks
Arun Sarin, CEO of UK's Vodafone, which today inked a partnership deal with Indian conglomerate Essar Group, said he expects regulatory for...
- Essar to bring all holdings under overseas umbrella
The Essar group is in the process of consolidating its holdings in various businesses under a single overseas entity, Essar Global, in orde...