Prashant Ruia

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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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  SBI Moves To Invoke Essar Steel Promoters' Personal Guarantees Of Rs 15,000 Crore

  The SBI sought the attachment of global assets of Ruias to recover its balance Essar Steel dues, through debt recovery proceedings at the DRT.

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  Essar Oil CEO Quits After Rosneft's $13 Billion Takeover

  Rosneft and its partners restructured the board of the company, packing it with their representatives.

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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 Not Exiting Oil & Gas Business: Prashant Ruia

  Essar signed agreements on Saturday to sell 49 per cent in the 20 million tons a year Vadinar refinery in Gujarat.

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  Deal With Rosneft Is US Sanctions-Compliant, Says Essar Group CEO

  The sale, which was signed on Saturday, is the biggest foreign acquisition ever in India and Russia's largest outbound deal.

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  Russia's Rosneft to Buy 49% Stake in Essar Oil

  Russia's top oil producer Rosneft on Wednesday said it has reached a preliminary agreement to buy a 49 per cent stake in Essar Oil and the deal is likely to be concluded by June.

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  Essar Oil Looks to Dollarise Debt, Shares Gain

  The company has been trying to dollarize its debt in order to de-risk its business from currency fluctuation and reduce the cost of its debt. Essar Oil has a global exploration capacity of about 7 lakh barrels per stream day (bpsd), due to which most of its revenues come in dollar. So, converting debt to dollar will reduce significant currency risk...

• Ambani, Tata,16 others to talk power sector woes with PM

  Acute fuel shortages, pricing issues, delay in clearances, funding problems will be discussed in the meeting.

• Essar plans 10 MT steel business; expects turnover of Rs 40,000 cr

  The next two years will be spent consolidating these operations says the heir to the Essar empire Prashant Ruia who expects an annual turnover of a whopping Rs 40,000 crore once the full capacity utilization is achieved.

• CBI asked to explain if Khurshid is influencing inquiry against Loop-Essar

  The court has asked the CBI and other agencies to clarify their stand within 10 days.

• Telecom story over for Essar, won’t invest again: Prashant Ruia

  The 2G issue will not impact any other businesses, said Essar Group's Prashant Ruia.

• Essar ramps up Hazira steel unit capacity to 10 mtpa

  The plant will have the capability to manufacture steel at a low cost through a series of cost-cutting measures.

• Ravi Ruia steps down as Chairman of Essar Energy

  Prashant Ruia, presently the Vice-Chairman, would take over as interim Chairman.

• 2G scam: CBI to question Essar CEO Prashant Ruia

  Essar Group CEO Prashant Ruia will appear before the CBI in connection with the ongoing 2G spectrum scam. Mr Ruia will be questioned for a second time. Mr Ruia will be asked whether Loop Telecom is a front company for Essar. Indian laws prohibit telecom companies from owning more than 10 per cent in another telecom company. Essar, whic...