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Adani Energy Solutions Acquires Essar's Mahan-Sipat Transmission Project
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.
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Essar Announces $3.6 Billion Investment In Low Carbon Projects In India, UK
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.
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Rapid EV Adoption in India Fanning Expectations That Fuel Demand Could Peak Early
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...
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Adani, Tata Steel And Essar Group Pledge Massive Investments In This State: 10 Points
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.
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Essar Group Says It Is Debt-Free After Repaying $25 Billion
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.
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Essar Seeks $350 Million From Russia-Backed Nayara In Brand Pact: Report
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.
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Adani Group To Buy Essar Power's Transmission Line For Rs 1,913 Crore
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.
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Jet Airways Founder Naresh Goyal Among Potential Pegasus Targets: Report
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.
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ICICI-Videocon Case: Whistleblower Levels New Allegations In Letter To PM Modi
Whistle-blower has claimed ICICI Bank had favoured Essar group for 'round-tripping' investments into NuPower Renewables.
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ArcelorMittal To Form Joint Venture With Nippon Steel To Buy Essar Steel
In February, ArcelorMittal and a group led by Russia's VTB made separate bids for Essar Steel, which faces claims of nearly $8 billion from banks and other creditors and suppliers.
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Essar Group Hails Court Verdict Acquitting Its Promoters In 2G Spectrum Allocation Case
The Essar Group today welcomed the judgement of the special court acquitting its promoters Ravi Ruia and Anshuman Ruia in a case arising out of the probe into the 2G spectrum allocation scam.
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Essar Group, Tatas, ArcelorMittal Eye Debt-Laden Essar Steel
Essar Steel owes about Rs 45,000 crore to lenders and is going through the insolvency resolution process.
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In India's Largest FDI, Russian Group Completes $12.9 Billion Buyout Of Essar Oil
The company director, Prashant Ruia, said the firm will pay back as much as Rs 70,000 crore to lenders, including SBI, ICICI Bank, Axis Bank, IDBI Bank and StanChart, among others.
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Essar Group Seeks Rs 4,000 crore Tax Refund On Vodafone Stake Sale
Ruias-owned Essar Group is seeking refund on the corporate tax paid for selling its stake in Vodafone.
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Essar Announces Aegis Sale, To Completely Exit From BPO Business
Essar had in July 2014 sold Aegis USA Inc, an outsourcing and technology company with operations in the US, the Philippines and Costa Rica, to Teleperformance of Paris for $610 million.
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Adani Energy Solutions Acquires Essar's Mahan-Sipat Transmission Project
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 Announces $3.6 Billion Investment In Low Carbon Projects In India, UK
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.
-
Rapid EV Adoption in India Fanning Expectations That Fuel Demand Could Peak Early
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...
-
Adani, Tata Steel And Essar Group Pledge Massive Investments In This State: 10 Points
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 Says It Is Debt-Free After Repaying $25 Billion
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 Seeks $350 Million From Russia-Backed Nayara In Brand Pact: Report
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.
-
Adani Group To Buy Essar Power's Transmission Line For Rs 1,913 Crore
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.
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Jet Airways Founder Naresh Goyal Among Potential Pegasus Targets: Report
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.
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ICICI-Videocon Case: Whistleblower Levels New Allegations In Letter To PM Modi
Whistle-blower has claimed ICICI Bank had favoured Essar group for 'round-tripping' investments into NuPower Renewables.
-
ArcelorMittal To Form Joint Venture With Nippon Steel To Buy Essar Steel
In February, ArcelorMittal and a group led by Russia's VTB made separate bids for Essar Steel, which faces claims of nearly $8 billion from banks and other creditors and suppliers.
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Essar Group Hails Court Verdict Acquitting Its Promoters In 2G Spectrum Allocation Case
The Essar Group today welcomed the judgement of the special court acquitting its promoters Ravi Ruia and Anshuman Ruia in a case arising out of the probe into the 2G spectrum allocation scam.
-
Essar Group, Tatas, ArcelorMittal Eye Debt-Laden Essar Steel
Essar Steel owes about Rs 45,000 crore to lenders and is going through the insolvency resolution process.
-
In India's Largest FDI, Russian Group Completes $12.9 Billion Buyout Of Essar Oil
The company director, Prashant Ruia, said the firm will pay back as much as Rs 70,000 crore to lenders, including SBI, ICICI Bank, Axis Bank, IDBI Bank and StanChart, among others.
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Essar Group Seeks Rs 4,000 crore Tax Refund On Vodafone Stake Sale
Ruias-owned Essar Group is seeking refund on the corporate tax paid for selling its stake in Vodafone.
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Essar Announces Aegis Sale, To Completely Exit From BPO Business
Essar had in July 2014 sold Aegis USA Inc, an outsourcing and technology company with operations in the US, the Philippines and Costa Rica, to Teleperformance of Paris for $610 million.
