Essar Group

Essar Group News

Essar 2.0: Ruias script zero debt, asset-light business model

The Ruias, promoter of the group also had to sell Essar Oil to Rosneft of Russia to come out of…

Updated: June 2, 2023 11:26 IST

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Essar to develop Stanlow Terminals in UK to import green ammonia

Feasibility studies are currently being undertaken, with the terminal scheduled to commence operations in 2027.

March 7, 2023 03:15 IST

Essar launches $3.6-billion arm for India and UK

Through its energy transition arm EET, the group plans to raise $2.4 billion across its site at Stanlow, between Liverpool…

February 28, 2023 02:50 IST

Essar, Green Hydrogen Mission, green hydrogen, low carbon fuels, investment, Net Zero emissions, cash flow, hydrogen production, UK, India, customer demand, sustainability investments

Essar to invest 1.2 bln in India’s green hydrogen, low carbon fuels; total $3.6 bln outlay for UK, India

The investment will be made through Essar’s newly formed entity Essar Energy Transition for the purpose, and comes close on…

February 27, 2023 16:20 IST

Essar, Essar investment, Essar investment in odisha

Odisha Summit: Essar to invest Rs 57,000 crore in state; Petrochem plant, iron ore pellets unit among projects planned

First-of-its kind crude-to-petrochemicals plant, iron ore pellet unit among projects planned

Updated: December 2, 2022 00:43 IST

A bench led by Justice Indira Banerjee said that “we find no infirmity in the well-reasoned judgment and order of the division bench. The appeals are, accordingly, dismissed”.

Rs 82-cr dues to Arcelor: SC dismisses Essar House & Essar Services appeals against HC order

The SC said that even if any prior inter se arrangement existed between the parties, Essar Services could not have…

September 15, 2022 04:10 IST

The Ruias-led firm said the deal also envisages a 50-50 joint venture between Essar and AM/NS for building a 4 million tonne a year LNG import terminal at Hazira.

Essar, Arcelor in $2.4-bn pact for infra assets

Prashant Ruia, director, Essar Capital, said, “Essar is now repositioned for growth and resurgence. After consolidating our businesses over the…

Updated: August 27, 2022 07:08 IST

Essar, Essar group, ArcelorMittal Nippon Steel, Essar ports business

Essar to sell port infra to ArcelorMittal for Rs 19,000 cr

Acquisition of the power and transmission assets will ensure cost-effective, long-term power supply and energy efficiency at Hazira, it added.

Updated: August 26, 2022 18:59 IST

Kush S, CEO, Essar Power, said, “With this transaction, Essar Power is rebalancing its power portfolio with the twin objective of deleveraging its balance sheet and investing in green and renewable power, thereby furthering its ESG-oriented future growth."

Essar Power to sell transmission line to Adani for Rs 1913 crore

In a statement, Essar Power said it “has entered into a definitive agreement with Adani Transmission Ltd to sell one…

June 4, 2022 02:45 IST

Essar Power sells transmission line to Adani Transmission for Rs 1,913 cr

The sale is a part of deleveraging strategy following which Essar has repaid over Rs 1.8 lakh crore to banks…

Updated: June 3, 2022 18:33 IST

Apex court rejects Loop Telecom’s plea seeking refund of licence fee

The top court noted that the scope of criminal trial before the lower court was limited to the question as…

March 4, 2022 08:40 IST

Hamstrung by high fuel cost, no revival in sight for 10-GW capacity at power plants

The companies concerned — Tata Power, Adani Power and Essar Power — currently have combined accumulated losses of over Rs…

March 2, 2022 07:00 IST

Essar to build UK’s first refinery-based hydrogen furnace in £45 million investment

It will reduce Stanlow’s carbon emissions through the improved energy efficiency of the design, saving 16,600 tonnes of CO2 per…

February 9, 2022 17:29 IST

The liquidator will auction the Essar Power Jharkhand’s assets in two blocks, as per the process memorandum reviewed by FE.

Essar Power Jharkhand assets to be auctioned on March 19

The process memorandum document specified that the liquidator will have discretion to choose from a combination of bids for realising…

March 13, 2021 01:30 IST

Essar Group sells housing project in Bengaluru for Rs 300 cr

Essar Group today announced sale of its luxury housing project in Bengaluru for Rs 300 crore to SNN Builders as…

March 31, 2016 23:48 IST

Essar may sell assets at lower valuations

Deals for Aegis, Essar Ports yet to materialise

Updated: March 29, 2016 08:45 IST

Essar sells business park in Mumbai for Rs 2,400 cr

Essar may use some of the proceeds to pare its debt, which stands at about Rs 80,000 crore.

February 4, 2016 09:19 IST

Editorial: Strategic Relationships

New face of corporate lobbying worrying

December 3, 2015 01:47 IST

Gas pooling: SC to consider Essar’s plea in December

The Supreme Court on Monday said that it will take up in December Essar Steel India’s plea seeking a direction…

October 6, 2015 00:02 IST

SC to examine Essar’s plea against Rs 2,300-cr fine by DGVCL

Supreme Court will examine Essar Steel’s plea challenging the fine of Rs 2,311 crore imposed on the firm for alleged…

October 4, 2015 12:02 IST

Essar Group was controlling Loop telecom, facts misrepresented before DoT: CBI

CBI today told a special court that Essar Group was “effectively controlling” Loop Telecom Limited (LTL) which had “fraudulently and…

September 1, 2015 22:32 IST

Essar created ‘corporate veil’ to conceal holding in Loop Telecom: CBI

CBI today alleged before a special court that Essar Group of companies had created a “corporate veil” through a web…

July 2, 2015 18:22 IST

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