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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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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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Essar Power To Sell Transmission Line To Adani 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.
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Stocks To Watch: Power Grid, PTC India, Bata India, Essar Shipping
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
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UCO Bank Recovers Rs 800-900 Crore From Four Stressed Accounts
The accounts comprise those of RattanIndia Power, Essar Steel, Ruchi Soya and Prayagraj Power, a top official of the state-owned lender said.
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Bankruptcy Recoveries From 4 Companies To Give Banks Rs 54,000 Crore Boost
Lenders are expected to benefit from the recovery process from four failed companies -- Essar Steel, Prayagraj Power, Ruchi Soya and RattanIndia Power.
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Plea Against Essar Over Toxic Fly Ash Leak In Madhya Pradesh
The NGT Tuesday directed an advocate to approach an oversight committee with his plea seeking action against Essar Power MP Ltd for allegedly damaging crops and environment as fly ash leaked from its power plant in Madhya Pradesh's Singrauli.
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Essar Power MP To Blame For Madhya Pradesh Toxic Ash Leak, Says Report
A three-member committee investigating the leak of toxic material from a coal-fired power plant in Singrauli distict in Madhya Pradesh, which contaminated farmland in a four-kilometre radius, has blamed owners Essar Power MP Ltd. for the incident
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Essar Asked To Pay Rs 50 Lakh To Madhya Pradesh Farmers After Ash Leak
Days after a toxic ash leak at a coal plant in Madhya Pradesh damaged farmland in a 4-km area, the local administration has directed the power company to deposit Rs 50 lakh as compensation to the farmers.
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Toxic Ash Leak At Madhya Pradesh Power Plant, Essar Alleges "Sabotage"
A breach in an artificial pond that stored toxic residue from a coal power plant run by Essar Power MP Ltd has contaminated farmland in a 4-km area in Madhya Pradesh's Singrauli, villagers living in the area have alleged.
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Central Bank Of India Puts Rs 3,300 Crore Of Bad Loans on Auction: Report
The accounts are Bombay Rayon Fashions Ltd, Alok Industries (Rs 1,251 crore), Bhushan Power & Steel (Rs 1,550.07 crore) and Essar Steel (Rs 423 crore).
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Arun Jaitley Says 70,000-Crores Bad Loan Recovery Likely By March-End: 10 Points
Finance Minister Arun Jaitley said on Thursday that commercial banks were likely to recover Rs 70,000 crore of bad loans by the end of March, helped by resolution of 12 large cases. Some of the big cases, such as Bhushan Power and Steel, and Essar Steel India are in advanced stages of resolution, the finance minister said, adding that they are like...
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BJP Let 4 Private Firms Squander Rs 26,000 Crores In Gujarat Power Scam: Congress
The Congress on Thursday alleged that the BJP government in Gujarat had let four private companies -- Adani, ESSAR, Tata and China Light Power -- to "squander" Rs 26,000 crore of the public exchequer by purchasing electricity from them at "unimaginably high rates" in a "huge power purchase scam" in the state.
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Sebi To Probe Firms Named In 'Paradise Papers'
'Paradise Papers' investigation has explored 13.4 million leaked files from offshore law firms and company registries in some secretive countries.
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Essar Power May Sell Gas-Based Plants In Gujarat To Pare Debt
Burdened by a whopping Rs 20,369 crore debt, private utility Essar Power is looking to sell two of its gas-based plants in Gujarat to reduce debt, a senior company official said.
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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.
-
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.
-
Essar Power To Sell Transmission Line To Adani 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.
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Stocks To Watch: Power Grid, PTC India, Bata India, Essar Shipping
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
-
UCO Bank Recovers Rs 800-900 Crore From Four Stressed Accounts
The accounts comprise those of RattanIndia Power, Essar Steel, Ruchi Soya and Prayagraj Power, a top official of the state-owned lender said.
-
Bankruptcy Recoveries From 4 Companies To Give Banks Rs 54,000 Crore Boost
Lenders are expected to benefit from the recovery process from four failed companies -- Essar Steel, Prayagraj Power, Ruchi Soya and RattanIndia Power.
-
Plea Against Essar Over Toxic Fly Ash Leak In Madhya Pradesh
The NGT Tuesday directed an advocate to approach an oversight committee with his plea seeking action against Essar Power MP Ltd for allegedly damaging crops and environment as fly ash leaked from its power plant in Madhya Pradesh's Singrauli.
-
Essar Power MP To Blame For Madhya Pradesh Toxic Ash Leak, Says Report
A three-member committee investigating the leak of toxic material from a coal-fired power plant in Singrauli distict in Madhya Pradesh, which contaminated farmland in a four-kilometre radius, has blamed owners Essar Power MP Ltd. for the incident
-
Essar Asked To Pay Rs 50 Lakh To Madhya Pradesh Farmers After Ash Leak
Days after a toxic ash leak at a coal plant in Madhya Pradesh damaged farmland in a 4-km area, the local administration has directed the power company to deposit Rs 50 lakh as compensation to the farmers.
-
Toxic Ash Leak At Madhya Pradesh Power Plant, Essar Alleges "Sabotage"
A breach in an artificial pond that stored toxic residue from a coal power plant run by Essar Power MP Ltd has contaminated farmland in a 4-km area in Madhya Pradesh's Singrauli, villagers living in the area have alleged.
-
Central Bank Of India Puts Rs 3,300 Crore Of Bad Loans on Auction: Report
The accounts are Bombay Rayon Fashions Ltd, Alok Industries (Rs 1,251 crore), Bhushan Power & Steel (Rs 1,550.07 crore) and Essar Steel (Rs 423 crore).
-
Arun Jaitley Says 70,000-Crores Bad Loan Recovery Likely By March-End: 10 Points
Finance Minister Arun Jaitley said on Thursday that commercial banks were likely to recover Rs 70,000 crore of bad loans by the end of March, helped by resolution of 12 large cases. Some of the big cases, such as Bhushan Power and Steel, and Essar Steel India are in advanced stages of resolution, the finance minister said, adding that they are like...
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BJP Let 4 Private Firms Squander Rs 26,000 Crores In Gujarat Power Scam: Congress
The Congress on Thursday alleged that the BJP government in Gujarat had let four private companies -- Adani, ESSAR, Tata and China Light Power -- to "squander" Rs 26,000 crore of the public exchequer by purchasing electricity from them at "unimaginably high rates" in a "huge power purchase scam" in the state.
-
Sebi To Probe Firms Named In 'Paradise Papers'
'Paradise Papers' investigation has explored 13.4 million leaked files from offshore law firms and company registries in some secretive countries.
-
Essar Power May Sell Gas-Based Plants In Gujarat To Pare Debt
Burdened by a whopping Rs 20,369 crore debt, private utility Essar Power is looking to sell two of its gas-based plants in Gujarat to reduce debt, a senior company official said.
