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2 mins read
Essar raises $2.05 bn from sale of ports, power assets; clears $25 bn debt of Indian banks
Essar Ports & Terminals (EPTL) and Essar Power (EPL) concluded the $2.05 billion (₹16,500 c…
2 mins read
Arcelor Mittal Nippon Steel signs ₹19,000 crore deal to buy Essar's port and power assets
Essar on Friday announced signing definitive agreements with Arcelor Mittal Nippon Steel (AM/NS) fo…
3 mins read
Essar Oil UK to build carbon capture facility
Essar Oil UK Limited has announced its plan to build a 360 million-pound major new carbon capture p…
2 mins read
Essar Group targets key role in building market for hydrogen
North-west England's Stanlow oil refinery has stood near the banks of the river Mersey for almost 1…
2 mins read
Stopped Russian imports in April says Essar Oil
Essar Oil (UK) Ltd said on Wednesday that it closed the first quarter ended June 30 with higher sal…
3 mins read
Agra, Bengaluru, Chennai and 7 other cities breached the safe pollution limits
Data from 10 cities across India has shown that monthly PM2.5 and PM10 levels during the summer mon…
1 min read
Tata Steel and JSW welcome competition from ArcelorMittal after it buys Essar
Presence of more companies in the market will lead to more innovations, quality and R&D act…
PTI
3 mins read
Essar signals resuming investment-led growth plan
"Committed gas supply contracts for the Essar Steel Complex were withdrawn in 2012 and allotted co…
PTI
1 min read
LIC wants Essar to clear all dues to give NOC to its deal with Rosneft
Now that LIC has taken a stand, it remains to be seen whether the all-cash transaction gets all the…
1 min read
Lakshmi Mittal can begin taking over Essar Steel as India's Supreme Court ends the debate on how to distribute the money
The ultimate discretion on distribution of funds was with the Committee of creditors, the SC ord…
6 mins read
EXCLUSIVE: India’s bankruptcy board Chairman explains the evolution of the country's insolvency laws
India’s new bankruptcy law is providing what the country now needs - a way for creditors to gain wh…
3 mins read
Essar to further cut down debt by 70 pc in last leg of deleveraging exercise
Essar said it has made capital investments of over Rs 2 lakh crore (about USD 28 billion) in secto…
PTI
1 min read
Show-cause notices to Essar Power and Monnet Ispat over unpaid dues
Both companies will get a show-cause notice, asking them why their proportionate bank guarantees sh…
3 mins read
India’s finance minister touts the success of the country’s recently-implemented bankruptcy code — but it still requires significant improvement
In a post titled, “Two years of insolvency and Bankruptcy Code (IBC),” Jaitley said that as much…
2 mins read
India’s steel industry is set for a shakeup after ArcelorMittal finally emerges as the winning bidder for Essar Steel
The decision caps an eight-month long saga which saw the company vy for the prized assets of …
2 mins read
Coalgate Verdict: Worst Fears For Power Companies Come True
Companies had expected the court to take a more lenient view on the 40 coal mines that had started …
ET
4 mins read
Power Women: ‘Just Do It’ Is The New-age Entrepreneurship Mantra
Because it gives you a different perspective all the time, cheers you up and makes you strong. My i…
2 mins read
India's biggest deal worth Rs 72,800 crores: Essar oil sells to Russia's Rosneft
The all-cash deal will give Rosneft and its partners control of Essar's 20 million tonne refinery i…
2 mins read
ICICI Bank’s bad loans widens, expects to fall in next nine months
Its bad loans ratio widened in the three months to stand at 6.82 percent of total lending at the en…
1 min read
Offering loans to clean up bad loans! State-run banks to issue loans worth Rs 30,000 crore to ARCs
According to one of the bankers, a number of loans from infrastructure sector such as power, steel…