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Essar Group
Business  /  Published 27.08.22

AM/NS buys Essar assets

ArcelorMittal Nippon Steel (AM/NS) is acquiring certain port and power infrastructure assets from the Essar group for $2.4 billion, or Rs 19,000 crore, in one of India’s largest post-pandemic M&...
By Our Special Correspondent in Mumbai

Business  /  Published 26.08.22

Essar signs new deal

Essar Group on Friday announced a $2.4 billion (Rs 19,000 crore) deal to sell its ports business to Arcelor Mittal Nippon Steel Ltd. In a statement, Essar said it has signed definitive agreements wit...
By PTI in New Delhi

Business  /  Published 08.06.22

Essar to extract more CBM

The Essar group plans to pump Rs 1,500 crore over the next 18 months to scale coal bed methane (CBM) production up three times from Bengal’s Ranigunj field. Simultaneously, it will drill explor...
By Sambit Saha in Calcutta

Business  /  Published 20.12.21

Essar eyes Vietnam expansion

Essar Group promoters Ravi and Prashant Ruia met with the Vietnamese leadership as they looked for investment opportunities and potential business collaborations in the South East Asian nation, the co...
By PTI in New Delhi

Business  /  Published 14.01.21

Essar Group hydrogen fuel plan in UK

Essar Group in partnership with clean energy specialist Progressive Energy will invest £750 million to build the UK’s biggest low carbon hydrogen production hub at Stanlow refinery in Elle...
By PTI in New Delhi

Business  /  Published 27.07.20

Arcelor suit to get Hazira port licence

ArcelorMittal Nippon Steel India Ltd has filed a petition in the Gujarat high court against the Gujarat government and Essar Bulk Terminal Ltd seeking the transfer of the Hazira port licence in its na...
By PTI in Ahmedabad

Business  /  Published 05.03.20

Essar Group mulls asset recast to cut debt

Essar Group has set an ambitious target to reduce debt further by two-third before the end of December by ‘restructuring’ its portfolio spanning power, shipping and infrastructure projects.The gro...
in Calcutta

Business  /  Published 25.07.19

Blow to Mittal in Essar case

In a setback to ArcelorMittal, the Grand Court of Cayman Island has declined its plea for a “garnishee order” and a “freezing injunction” against Essar Global Fund, the parent firm of Essar Gr...
By PTI in New Delhi


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