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Search Keyword: Essar Group

Web Exclusive
  Aug 13, 2018

Nayara Energy’s raises Rs 24 billion through maiden domestic bond issue

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.

StUMPPed!!!
Cover Story
  Aug 01, 2017

StUMPPed!!!

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?

Web Exclusive
  Dec 28, 2016

ACME appoints Harish Kapoor as Group President - Corporate Affairs

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.

News Brief
  Aug 01, 2016

Essar Group company sells entire stake in KPR

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.

News Brief
  Jun 01, 2016

EPGL turning the corner, posts Rs.35cr PAT

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.

News Brief
  Feb 01, 2015

Essar plans Rs.6,000-cr capex at Vadinar refinery

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

News Brief
  Jul 01, 2014

Essar Oil board approves delisting from BSE and NSE

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.

News Brief
  Jul 01, 2014

Essar Group to sell UK refinery

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.

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