Essar Group

Essar Group News

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…

Updated: March 4, 2022 8:41 am

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…

Updated: March 2, 2022 1:41 am

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…

Updated: February 9, 2022 5:29 pm

Adani Power gets NCLT nod to acquire Essar 1200 MW Mahan project

Adani Power का होगा एस्सार का महान प्रोजेक्ट, अधिग्रहण के प्रस्ताव को एनसीएलटी ने दी मंजूरी

अडाणी ग्रुप की कंपनी Adani Power एस्सार पावर के थर्मल पावर प्रोजेक्ट का अधिग्रहण करेगी. 1200 मेगावॉट का यह थर्मल…

Updated: November 3, 2021 11:27 am

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…

Updated: March 12, 2021 11:21 pm

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 11:48 pm

Essar may sell assets at lower valuations

Deals for Aegis, Essar Ports yet to materialise

Updated: March 29, 2016 8:45 am

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 9:19 am

Editorial: Strategic Relationships

New face of corporate lobbying worrying

December 3, 2015 1:47 am

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…

Updated: October 5, 2015 10:51 pm

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 pm

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 10:32 pm

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 6:22 pm

Documents filed by Essar Group’s Ravi Ruia appear to be ‘suspect’: Court

Essar Group promoter Ravi Ruia has faced the ire of the special 2G court which dismissed his plea seeking permission…

June 10, 2015 7:35 pm

Essar hangs up on plans to buy Nokia’s Chennai plant

Nokia had sought the court’s permission to sell the plant and keep the amount in an escrow account

Updated: May 22, 2015 10:06 am

Essar Group mulls buying Nokia’s closed Sriperumbudur unit

Weeks after Prime Minister Narendra Modi indicated efforts were on to revive Nokia’s handset…

Updated: April 2, 2015 9:47 pm

Essar Group ‘used’ Loop Telecom to acquire 2G licences: CBI

Loop Telecom Ltd (LTL) was “used” by Essar Group of companies to acquire 2G spectrum licences…

April 1, 2015 8:18 pm

DRI slaps Rs 2,600-cr tax notice on Essar Group

The Mumbai wing of the Directorate of Revenue Intelligence (DRI) has slapped a R2,600-crore notice alleging over-invoicing…

March 17, 2015 12:58 am

Essar Group leaks: French cruise for BJP leader Nitin Gadkari, favours to UPA Minister, journalists

BJP leader Nitin Gadkari, his wife, two sons and daughter spent 2 nights on an Essar luxury yacht stationed in…

Updated: February 27, 2015 8:06 am

From Russia with love: Essar gets $1-bn loans, $8-bn crude

Russian President Vladimir Putin, who is on a two-day visit to offered the Ruias-promoted…

Updated: December 12, 2014 8:19 am

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