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Rs 24 billion was raised by Nayara Energy through its maiden placement of NCDs in the domestic market. The proceeds of the issues will be utilised towards working capital requirements and refinancing of the existing debt of the company.

Change in coal export regulations by Indonesia and Australia has queered the pitch for Tata Power and Adani Power. But can India afford to forsake such huge assets built assiduously?

Harish Kapoor has been appointed as Group President - Corporate Affairs for ACME. He will be responsible for further strengthening ACME’s leadership position in the Indian solar industry and achieving its goal to develop 7,500 MW of renewable energy projects by 2019.

In a bid to monetise non-core assets, Essar Energy has sold the entire 50 per cent stake in Kenya Petroleum Refineries (KPR) to the Kenyan government. The two parties, along with Essar Energy Holdings, have entered into an agreement on the transfer of shares, said the Essar Group company in its release.

Essar Power Gujarat Ltd (EPGL), a subsidiary of Essar Power Ltd, is finally turning the corner. After facing major financial losses and fuel supply challenges, the profit after tax (PAT) for the fiscal ended March 31, 2016 was Rs.35 crore, against a Rs.684 crore loss in the previous year.

Ruias-led energy major Essar Group has announced it will invest Rs 6,000 crore over a period of three years towards brownfield expansion of its oil refinery

Refiner Essar Oil Ltd has said that its board had approved delisting of shares from BSE and NSE of India. Essar Oil, a unit of the diversified Essar Group, said its board had met to decide on the proposal.

Essar Group plans to sell the Stanlow refinery in Britain for $600 mn. The company is seeking to raise $500 mn -$600 mn for the plant in the northwest of England. However, other plants recently put up for sale in the UK, Murco's Milford Haven and the Bankrupt Petroplus's Coryton, have failed to find buyers.