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2 mins read
Essar Group targets key role in building market for hydrogen
North-west England's Stanlow oil refinery has stood near the banks of the river Mersey for almost 1…
3 mins read
India’s finance minister touts the success of the country’s recently-implemented bankruptcy code — but it still requires significant improvement
In a post titled, “Two years of insolvency and Bankruptcy Code (IBC),” Jaitley said that as much…
2 mins read
After buying out the bankrupt Electrosteel, Vedanta is spending billions on a new steel plant in the Indian state of Jharkhand
The move is part of Vedanta’s integration of its newly-acquired steel company. Electrosteel …
2 mins read
India’s steel industry is set for a shakeup after ArcelorMittal finally emerges as the winning bidder for Essar Steel
The decision caps an eight-month long saga which saw the company vy for the prized assets of …
3 mins read
Essar signals resuming investment-led growth plan
"Committed gas supply contracts for the Essar Steel Complex were withdrawn in 2012 and allotted co…
PTI
2 mins read
India's biggest deal worth Rs 72,800 crores: Essar oil sells to Russia's Rosneft
The all-cash deal will give Rosneft and its partners control of Essar's 20 million tonne refinery i…
1 min read
Pankaj Kalra appointed CFO, Head of Strategy of Essar Exploration & Production
New Delhi, Jan 21 () Ruia-family controlled Essar Global Fund Ltd (EGFL) on Tuesday announced the a…
PTI
3 mins read
Essar Steel, Adani, GAIL, HPCL buy bulk of Reliance gas
New Delhi, Nov 17 () Essar Steel, Adani Group and state-owned GAIL have bought majority of natural …
PTI
2 mins read
BC Tripathi joins Essar Exploration & Production Mauritius as non-executive chairman
New Delhi, Jan 14 () Bhuwan Chandra Tripathi, former chairman and managing director of state-owned …
PTI
3 mins read
Essar to further cut down debt by 70 pc in last leg of deleveraging exercise
Essar said it has made capital investments of over Rs 2 lakh crore (about USD 28 billion) in secto…
PTI
3 mins read
B C Tripathi joins Essar Exploration & Production Mauritius as non-executive chairman
"No functional director of the company including the chief executive who has retired/resigned from…
PTI
2 mins read
EXCLUSIVE: New amendment to bankruptcy law has Prashant Ruia’s personal guarantee on its radar
India’s Finance Ministry is sitting on a new amendment to the bankruptcy law. That might be a big…
1 min read
AMNS India parent signs USD 5 bn term loan to refinance Essar Steel acquisition
"AMNS Luxembourg Holding S A (AMNS), the parent company of the AMNS India joint venture between Nip…
PTI
2 mins read
Essar Foundation to provide 1.25 million meals, 1 lakh medical supplies for COVID-19 relief
Stating that the Group plans to do a lot more for the community to play its part in being good cor…