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Davos 2025: Maharashtra signs MoU worth Rs 8,000 crore with Essar for renewable energy projects

January 22, 2025 3:01 pm

According to Maharashtra Industries Minister Uday Samant, the MoU signed at the World Economic Forum (WEF) 2025 in Davos is expected to generate direct employment for 2,000 people.

Essar Power Limited Renewables division CEO

Essar Power appoints Ankur Kumar as CEO of Renewables Business division

April 12, 2024 3:58 pm

"Ankur will play a key role in advancing Essar's commitment to transitioning into Green Energy and establishing a robust renewable ecosystem in India," a statement released by Essar said.

Essar concludes $2 bn sale of port, infra assets to ArcelorMittal Nippon Steel

November 22, 2022 12:45 am

The sale consisted of infra assets which include a 270 MW power plant and 25 MPTA port at Hazira, Gujarat and a 12 MPTA port at Paradip, Odisha.

SBI set to delay auction of Essar Steel loans following NCLAT order

Essar Steel resolution: Ruias move NCLAT

February 12, 2019 1:37 am

In January, the NCLT had rejected the Ruias’ plea for placing an offer for resolution of Essar Steel, promoted by the latter.

SC rejects Essar Steel’s plea for compensation

August 25, 2018 1:48 am

Essar Steel had earlier moved SC seeking parity with the fertiliser and power sectors after a gas pooling policy was introduced in March 2015 to ensure adequate supply of gas to stranded power plants.

Essar sells office asset in Mumbai to Brookfield for Rs 2,400 crore

April 24, 2018 1:16 pm

Essar Tuesday said it has completed the sale of Equinox Business Parks to Brookfield Asset Management for an enterprise value of Rs 2,400 crore.

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Adani and Essar over-invoicing case: Court-monitored probe, Delhi HC seeks CBI response on pleas

April 05, 2018 2:25 am

A Bench of justices S Ravindra Bhat and A K Chawla asked the CBI to inform it about the preliminary enquiry (PE) it has conducted against one of the firms based on the Directorate of Revenue Intelligence (DRI) show-cause notices.

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Ex-shareholders of EOL to get Rs 880 crore more from Essar

August 23, 2017 2:34 am

Public shareholders of Essar Oil will get a total amount of Rs 880 crore from the company.

Essar Oil closes sale of company to Russia's Rosneft for $12.9 billion

August 21, 2017 2:53 pm

It is also Russia's single-largest foreign investment made anywhere in the world. The deal includes acquisition of Essar Oil's (EOL) 20 million tonne Vadinar refinery in Gujarat and its retail outlets, as well as the Vadinar Port at an additional $2 billion.

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Open House: Government officials take up industry posers

July 17, 2017 5:38 am

During the session, it was stated that the Maharashtra Industry, Trade and Investment Facilitation Cell (MAITRI) aims at “Ease of Doing Business” in the state, with a view to enhance economic industrial growth of the state.

After Karur tragedy, why DMK govt is treading carefully around Vijay

Political Pulse7 hr ago

Tamil Nadu government takes cautious approach after stampede at Vijay's rally, opening cases against party members but not naming the actor-politician. One-woman commission and possible court proceedings to investigate stampede causes. Political calculations behind government's restraint in taking action against Vijay.

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