Essar

Adani Energy Solutions Ltd (AESL) has acquired 100 per cent stake in Essar Transco Limited for an Enterprise Value of INR 1,900 crore after obtaining necessary clearances. This share acquisition follows agreements signed in June 2022.

Essar Energy Transition (EET) plans to invest a total of $ 3.6 billion in developing a range of low carbon energy transition projects over the next five years, of which $2.4 billion will be invested across its site at Stanlow, the Essar group said.

Electric vehicle adoption in India is growing rapidly, prompting a major rethink about demand for fuel, while refiners in the third-largest economy on the continent are moving away from producing fuel. Despite new momentum in India, the question for the country is whether it will be enough to ultimately shake its fossil fuel dependency. State refin...

The 'Make in Odisha Conclave 2022' in Bhubaneswar, an investors summit is making waves with a slew of industry leaders pledging massive investments in the state during the event.

Essar Group has become debt-free, having settled the remainder of its $25 billion debt after the sale of two ports and a power plant to ArcelorMittal Nippon Steel Ltd (AM/NS), the group said today.

Essar Group has asked Nayara Energy to pay about $350 million upfront for a brand licensing deal struck 5 years ago when Essar Oil was sold to the Russian-led group, instead of staggering the payment.

Indian refiners have been snapping up cheap Russian oil, shunned by western companies and countries since sanctions were imposed against Moscow for its invasion of Ukraine on Feb. 24, which Russia calls a "special military operation".

Adani Transmission Ltd (ATL), India's largest private-sector transmission and distribution company, said on Friday it has signed definitive agreements with Essar Power to buy its Mahan-Sipat transmission line for Rs 1,913 crore.

Essar Power Ltd on Friday said it has agreed to sell one of its two electricity transmission lines to Adani Transmission Ltd for Rs 1,913 crore.

Essar Oil UK is in talks with United Kingdom authorities over extending a January deadline to repay hundreds of millions of pounds in deferred taxes

Power Grid Corporation approved the proposal to infuse fresh equity up to Rs 425 crore in Energy Efficiency Services, a joint venture company of PowerGrid, NTPC, PFC and REC

The potential targets of Pegasus included former chairman of Jet Airways Naresh Goyal, SpiceJet managing director Ajay Singh, Essar Group's Prashant Ruia and some top PSU officials, according to the latest list of names released by The Wire.

Coal Bed Methane (CBM) gas producer, Essar Oil and Gas Exploration and Production Ltd (EOGEPL) said it has signed an agreement with IIT (Indian School of Mines) Dhanbad, to jointly work on research and development in CBM gas exploration.

Mumbai-based Nayara Energy will retail Shell's range of premium engine oils from its 5,300 fuel stations across India, under the new strategic partnership.

"The Budget's decision not to recapitalise the PSU banks is a good move and signals that all the banks are adequately capitalised at this point. The Judgement on Essar Steel provides greater clarity on the IBC. The profits of State Bank of India were boosted by the Essar Steel IBC resolution. Some of those accounts which have been fully written dow...

Adani Energy Solutions Ltd (AESL) has acquired 100 per cent stake in Essar Transco Limited for an Enterprise Value of INR 1,900 crore after obtaining necessary clearances. This share acquisition follows agreements signed in June 2022.

Essar Energy Transition (EET) plans to invest a total of $ 3.6 billion in developing a range of low carbon energy transition projects over the next five years, of which $2.4 billion will be invested across its site at Stanlow, the Essar group said.

Electric vehicle adoption in India is growing rapidly, prompting a major rethink about demand for fuel, while refiners in the third-largest economy on the continent are moving away from producing fuel. Despite new momentum in India, the question for the country is whether it will be enough to ultimately shake its fossil fuel dependency. State refin...

The 'Make in Odisha Conclave 2022' in Bhubaneswar, an investors summit is making waves with a slew of industry leaders pledging massive investments in the state during the event.

Essar Group has become debt-free, having settled the remainder of its $25 billion debt after the sale of two ports and a power plant to ArcelorMittal Nippon Steel Ltd (AM/NS), the group said today.

Essar Group has asked Nayara Energy to pay about $350 million upfront for a brand licensing deal struck 5 years ago when Essar Oil was sold to the Russian-led group, instead of staggering the payment.

Indian refiners have been snapping up cheap Russian oil, shunned by western companies and countries since sanctions were imposed against Moscow for its invasion of Ukraine on Feb. 24, which Russia calls a "special military operation".

Adani Transmission Ltd (ATL), India's largest private-sector transmission and distribution company, said on Friday it has signed definitive agreements with Essar Power to buy its Mahan-Sipat transmission line for Rs 1,913 crore.

Essar Power Ltd on Friday said it has agreed to sell one of its two electricity transmission lines to Adani Transmission Ltd for Rs 1,913 crore.

Essar Oil UK is in talks with United Kingdom authorities over extending a January deadline to repay hundreds of millions of pounds in deferred taxes

Power Grid Corporation approved the proposal to infuse fresh equity up to Rs 425 crore in Energy Efficiency Services, a joint venture company of PowerGrid, NTPC, PFC and REC

The potential targets of Pegasus included former chairman of Jet Airways Naresh Goyal, SpiceJet managing director Ajay Singh, Essar Group's Prashant Ruia and some top PSU officials, according to the latest list of names released by The Wire.

Coal Bed Methane (CBM) gas producer, Essar Oil and Gas Exploration and Production Ltd (EOGEPL) said it has signed an agreement with IIT (Indian School of Mines) Dhanbad, to jointly work on research and development in CBM gas exploration.

Mumbai-based Nayara Energy will retail Shell's range of premium engine oils from its 5,300 fuel stations across India, under the new strategic partnership.

"The Budget's decision not to recapitalise the PSU banks is a good move and signals that all the banks are adequately capitalised at this point. The Judgement on Essar Steel provides greater clarity on the IBC. The profits of State Bank of India were boosted by the Essar Steel IBC resolution. Some of those accounts which have been fully written dow...