Page 3 - Essar

Adani Power completes acquisition of Essar's 1,200 MW Mahan project in MP

Adani Power on Wednesday said it has completed the acquisition of Essar Power's 1,200 MW thermal power project in Mahan, Madhya Pradesh. The cost of acquisition of Essar Power M P Ltd, which is undergoing insolvency resolution, is over Rs 4,250 crore, including estimated cost of compliance with environmental and emission norms, it said in a regulatory filing. "Adani Power Limited has completed today the acquisition of 100 per cent of paid up share capital and management control of EPMPL (Essar Power M P Ltd), a company undergoing insolvency resolution under the Insolvency and Bankruptcy Code," it said. EPMPL owns a 1,200 MW thermal power plant in Singrauli District, Madhya Pradesh. In June 2021, Adani Power had emerged as the successful bidder for the 1,200 MW project.

Essar sets up Vertex Hydrogen to help drive energy transition in the UK

Essar Oil UK holds 90 per cent stake in Vertex Hydrogen, while Progressive Energy Ltd has the remaining 10 per cent

Essar jointly invests $300 million in Vietnam's offshore hydrocarbon block

This block is the largest hydrocarbon find in South East Asia spanning two decades and has approximately 2 billion barrels of oil and gas resource

Essar to develop Stanlow terminal into UK's largest biofuel storage hub

STL already provides biofuels storage capacity for customers through a dedicated supply and delivery infrastructure.

Essar submits planning application for hydrogen production plants

Essar Oil (UK) Ltd said it has submitted a planning application seeking approval for the construction of hydrogen production plants at its Stanlow Manufacturing Complex in Ellesmere Port, UK

Adani, Essar and DP World in race to develop Rs 2,500-crore ports

The tenders of VO Chidambaranar Port Trust and Paradip Port have received interest from Adani Ports and Special Economic Zone, Dubai government-owned DP World, Essar, and others

Adani, Essar, queue up for govt's Rs 2,500 cr-plan to develop ports

The largest of seven proposed PPP projects is at Jawaharlal Nehru Port Trust (JNPT), which plans to privatise its container terminal

Gujarat: Essar joins Covid fight; sets up 100-bed hospital

The 100-bed centre was virtually inaugurated by the Chief Minister of Gujarat, Vijay Rupani

Essar, Fulcrum BioEnergy announce 600 mn pound waste-to-fuel plant in UK

Essar Group and Fulcrum BioEnergy Ltd on Monday announced a 600 million pounds waste-to-fuel plant in North West of England

Ruias'-promoted Essar to take solar route to build power portfolio

One of the first in its portfolio would be a 87.5 Mw project at Datia in Madhya Pradesh

Bombay HC asks Essar to deposit security payable to AM/NS with court

Essar spokesman refuses to comment saying matter is subjudice, adding that group is exploring all options including appealing to a higher court

25 years of telecom: Boon for India's business tycoons, bane for MNCs

Big business houses such as the Tatas, Anil Ambani, multinationals like Malaysian tycoon T Ananda Krishna of Maxis failed to create viable businesses

25 years since the first mobile call: Roller-coaster ride for telecom

It's been through dizzying peaks, troughs, policy U-turns, court battles, brutal competition, and daily controversies

Essar Foundation to offer meals to people affected by coronavirus

The foundation has committed to provide 1.25 million meals to communities affected by the COVID-19 outbreak

Ruias plan comeback, say Essar to re-start investment in India and abroad

Group repaid Rs 1.4 trn debt to banking system over past three years; promoters say it currently generates earnings of Rs one trn a year, mainly from UK refinery

ArcelorMittal JV buys Bhander power plant, eyes more Essar ancillary units

Acquisition comes close on the heels of the firm getting NCLT nod for buying Odisha slurry pipeline

Essar to embark on new phase of investment-led growth: Ruia family

Despite losing Essar Steel in insolvency proceedings, cash flows remain strong, with Rs 1,00,000 crore of revenues from existing businesses

Essar Oil UK announces Mark Wilson as new Chief Executive Officer

An experienced energy professional, Wilson was previously with BP plc of the UK where he held a number of senior leadership positions

Losing steel arm to ArcelorMittal to hurt Essar India; revenue may fall 97%

Revenue hit of 96% is combined impact of earlier divestment in Essar Oil & losing control of Essar Steel

Great Eastern, Essar seek Bengal govt's approval for shale plans

The development comes after the central government eased the rules on exploration of unconventional hydrocarbons