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Essar Group

UK clears Essar's $2.4 bn energy transition project helping carbon economy

Vertex Hydrogen project will support UK government's net zero ambitions, says company

UK clears Essar's $2.4 bn energy transition project helping carbon economy
Updated On : 30 Mar 2023 | 6:35 PM IST

TMS Ep384: Essar group, free trade agreement, metal stocks, generative AI

How can Essar regain its lost glory? Has India benefitted from its FTAs? Is it time to bet on metal stocks as China reopens? What is generative artificial intelligence? All answers here

TMS Ep384: Essar group, free trade agreement, metal stocks, generative AI
Updated On : 08 Mar 2023 | 8:00 AM IST

Essar group returns to steel business with $8-billion investment

Setting up steel plant in Saudi, an iron pellet plant each in Odisha, US

Essar group returns to steel business with $8-billion investment
Updated On : 05 Mar 2023 | 11:39 PM IST

Essar Group bets $3.6 billion on decarbonisation in India and UK

Will invest $1.2 bn to develop a global supply hub for low-carbon fuels

Essar Group bets $3.6 billion on decarbonisation in India and UK
Updated On : 27 Feb 2023 | 11:42 PM IST

Setting up green ammonia plant in India: Essar group's Prashant Ruia

"The project will be funded through both debt and equity and we will approach banks in India and abroad for debt"

Setting up green ammonia plant in India: Essar group's Prashant Ruia
Updated On : 27 Feb 2023 | 9:03 PM IST

Essar Group plans $4.9 billion petrochemical complex in Odisha

India's Essar Group plans to set up a 400 billion rupee ($4.92 billion) petrochemical complex in the eastern state of Odisha in a tie-up with a global player, it said in a statement on Thursday

Essar Group plans $4.9 billion petrochemical complex in Odisha
Updated On : 01 Dec 2022 | 8:11 PM IST

EPTL, EPL conclude $2.05 bn transaction of port & power assets with AM/NS

In order to complete its asset monetisation drive to effectively become debt free, Essar Ports & Terminals Ltd (EPTL) and Essar Power Ltd (EPL) on Monday concluded the $2.05 billion (Rs 16,500 crore) sale of captive ports and power assets located in Hazira and Paradip to Arcelor Mittal Nippon Steel India Ltd (AM/NS).

EPTL, EPL conclude $2.05 bn transaction of port & power assets with AM/NS
Updated On : 22 Nov 2022 | 7:17 AM IST

AM/NS India completes Rs 16,500 cr acquisition of Essar group infra assets

The transaction, fully funded by AM/NS India, includes two port assets and a power plant which are now wholly-owned and operated by it

AM/NS India completes Rs 16,500 cr acquisition of Essar group infra assets
Updated On : 21 Nov 2022 | 7:09 PM IST

AM/NS India eyes $250-300 mn gain from purchase of Essar group infra assets

The port and power assets are primarily captive to AM/NS' Hazira steel plant in Gujarat, will expand firm's footprint and operating efficiencies

AM/NS India eyes $250-300 mn gain from purchase of Essar group infra assets
Updated On : 09 Oct 2022 | 1:40 PM IST

CCI clears acquisition of Essar Group assets by ArcelorMittal Nippon Steel

The Competition Commission of India on Thursday approved acquisition of assets of Essar Group by ArcelorMittal Nippon Steel India Ltd.

CCI clears acquisition of Essar Group assets by ArcelorMittal Nippon Steel
Updated On : 29 Sep 2022 | 8:07 PM IST

Essar to invest $4 bn in steel plant in Saudi Arabia in 3 years: Official

The Essar Group is looking to invest USD 4 billion in setting up an integrated flat steelworks plant in Saudi Arabia in the next three years, a senior company official said. The plant, which will cost Saudi Riyal 15 billion (USD 4 billion), is scheduled to break ground by this year-end and be completed by the end of 2025, said Amar Kapadia, general manager for corporate planning at Essar. The new 4-million tonnes per annum integrated flat steelworks plant will have continuous casting and hot strip capacity, 1-million tonnes of cold rolled coil capacity, and a tin plate line in Ras Al-Khair Industrial City on Saudi Arabia's east coast. The new facility will also have two direct reduced iron plants, each with a 2.5-million tonnes a year capacity. Essar signed a memorandum of understanding with the Saudi Arabia's National Industrial Development Centre (NIDC) in October 2021, and an agreement with the Royal Commission for Jubail and Yanbu (RCJY) for land allocation in December. "We ha

Essar to invest $4 bn in steel plant in Saudi Arabia in 3 years: Official
Updated On : 20 Sep 2022 | 5:28 PM IST

Top headlines: RIL investor meet, surplus parked with RBI falls, and more

Business Standard brings you the top headlines at this hour

Top headlines: RIL investor meet, surplus parked with RBI falls, and more
Updated On : 27 Aug 2022 | 8:31 AM IST

AM/NS India to acquire infra assets from Essar Group for $2.4 billion

The ownership of port assets had been in courts since 2020 after AM/NS India moved the Gujarat High Court

AM/NS India to acquire infra assets from Essar Group for $2.4 billion
Updated On : 26 Aug 2022 | 11:52 PM IST

Battered by three decades of controversy, TMB looks back to the future

The storied bank hopes to put its troubles behind it with its impending IPO

Battered by three decades of controversy, TMB looks back to the future
Updated On : 19 Jul 2022 | 8:45 PM IST

Essar, Progressive Energy to set up $1.3 billion hydrogen hub in UK

The joint venture, Vertex Hydrogen, will produce 1 gigawatt (GW) of hydrogen per year from two units from 2026, Essar said

Essar, Progressive Energy to set up $1.3 billion hydrogen hub in UK
Updated On : 27 Jan 2022 | 12:59 PM IST

Essar to invest 750 million pound to set up hydrogen project in UK

Essar Group in partnership with clean energy specialist Progressive Energy will invest 750 million pound to build the UK's biggest low carbon hydrogen production hub

Essar to invest 750 million pound to set up hydrogen project in UK
Updated On : 13 Jan 2021 | 5:04 PM IST

AGC Networks raises Rs 225 crore via issuance of warrants to promoters

AGC Networks Limited, a part of Essar Group, on Monday said it has raised Rs 225 crore through issuance of convertible warrants to promoters and promoter group of the company

AGC Networks raises Rs 225 crore via issuance of warrants to promoters
Updated On : 11 Jan 2021 | 11:50 AM IST

India's Essar, Brazilian firms consider bid for Petrobras' refinery

Both Refap and Repar are located in Brazil's southern region and have a production capacity of 200,000 barrels per day each

India's Essar, Brazilian firms consider bid for Petrobras' refinery
Updated On : 09 Nov 2020 | 10:46 PM IST

ArcelorMittal moves HC against Gujarat govt, Essar over Hazira port licence

Essar Steel owns a 10 million tonnes per annum steel plant at Hazira in Gujarat, which is serviced by a captive jetty constructed at port.

ArcelorMittal moves HC against Gujarat govt, Essar over Hazira port licence
Updated On : 26 Jul 2020 | 4:51 PM IST

Essar group places bid for Brazil's Petrobras refinery in Bahia: Report

In a recent note to clients, analysts from Bradesco BBI valued the RLAM refinery, based in the northeastern Brazilian state of Bahia, at $2.5 billion

Essar group places bid for Brazil's Petrobras refinery in Bahia: Report
Updated On : 30 Jun 2020 | 11:52 PM IST