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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

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 19:35 IST

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 IST

Essar Group mulls buying Nokia’s closed Sriperumbudur unit

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

April 3, 2015 07:00 IST

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 20:18 IST

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