Essar Power

The Supreme Court has upheld the rejection of an insolvency plea against Essar Power Gujarat, holding that a genuine pre-existing dispute barred proceedings under the IBC

The potential investments, which have not been previously reported, could cumulatively cost billions of dollars and demonstrate renewed appetite in an industry seen by many as financially unattractive

Many analysts though are bearish due to state-owned firm's muted financials and likely low valuation

Deal will bolster Adani's presence in central India, help it achieve its 20,000 circuit km target before time

The country's largest power producer in the private sector, Adani Power Limited (APL), will acquire the 1,200 megawatt (MW) Essar Power's Mahan Project

It will now sign supplemental PPAs with these units on a "case-by-case basis" over and above the existing PPAs.

From IT companies facing problems in hiring fresh candidates, Voda defaulting on June payments, TCS reporting fall in net profits, here are the top headlines on Friday morning

Maharashtra is one of the five states that procure power from Tata Power's Mundra ultra mega power plant in Gujarat.

Barring a few, all privately-owned thermal power units, roughly about 40,000 Mw, constructed over the past decade were built using Chinese equipment.

Essar Ports invested Rs 11,000 crore in developing terminals and is currently operating four terminals

Top court refuses to interfere with govt decision to invoke the Rs 200 cr bank guarantee during currency of hearing

The Rs 900-cr bank guarantees are for the two blocks of GMR and one of Essar

However, being the guarantor for its subsidiary, Essar Power, too, defaulted on its guarantee.

This would be the second time ArcelorMittal and the Essar group will find themselves competing for the latter's asset

The project is one of the projects which is incomplete and has been tagged 'difficult to resolve' by the Centre

The project will provide direct employment to about 250 people, and indirect employment to around 1,250 more, thus spurring ancillary development in the area

Workmen and employees of Essar Power Jharkhand have filed claims worth Rs 3.52 million with the resolution professional

This will hit its 1,200-MW, Rs 80-bn Mahan Power Plant; trouble started after the company defaulted on two of three instalments

Interview with KVB Reddy, chief executive officer, Essar Power

Interview with KVB Reddy, CEO, Essar Power