| Date | Title | Description |
| 10.09.2024 | Vedanta's Bold Leap: From Asset Manager to Owner | In the ever-evolving landscape of corporate strategy, Vedanta's recent shift from asset manager to asset owner is a bold stroke on the canvas of business. This transformation, spearheaded by Anil Agarwal, marks a significant pivot in the co... |
| 04.09.2024 | Vedanta's Sanjeev Gemawat Joins Essar Group
Axis Ecorp enters fractional ownership segment
Minister pushes for increased tariffs on Chinese steel imports
Coastal road project to partially open bow-str... | ECONOMY & POLICY Vedanta's Sanjeev Gemawat Joins Essar Group
04 Sep 2024 3 Min Read CW Team
Sanjeev Gemawat, previously associated with Vedanta Resources, has been appointed as the Group General Counsel and Head of Legal at Essar Group.... |
| 03.08.2024 | Black Box Limited: A Bold Leap into Digital Infrastructure | In a world where technology evolves at lightning speed, Black Box Limited is gearing up for a significant transformation. The Essar Group's IT firm has announced plans to raise ₹410 crore through a preferential issue. This move is not just ... |
| 03.08.2024 | Essar Group-backed IT systems integrator Black Box raises Rs 410 crore | Agencies
Essar Group-backed IT systems integrator Black Box has raised Rs 410 crore via preferential issue aimed towards expanding data centre infrastructure services globally and tap in the growing demand for AI computing.
Read More News o... |
| 02.08.2024 | Essar group’s Black Box to raise ₹410 crore | Essar group backed tech firm Black Box Limited will raise ₹410 crores via preferential issue aimed at accelerating growth and expansion in digital infrastructure sector.
The Board of Directors, in its meeting held today, approved the issuan... |
| 02.08.2024 | Essar's IT firm Black Box to raise Rs 410 Cr via preferential issue
Recommended Stories For You | Conglomerate Essar Group's IT firm Black Box on Friday said its board has approved plans to raise up to Rs 410 crore through preferential issue.
The fundraising plan includes Rs 200 crore from existing promoters of the company, Rs 200 crore... |
| 01.07.2024 | FDI inflows more than doubled in the construction sector
Mahindra selects ABB’s PixelPaint for premium paint options
PJTL Lenders Approve Rs 10.20 billion One-Time Settlement
Capgemini to invest Rs 10... | ECONOMY & POLICY FDI inflows more than doubled in the construction sector
01 Jul 2024 19 Min Read CW Team
Maintaining consistency in attracting foreign investment inflows in construction, India has received a total foreign direct invest... |
| 17.06.2024 | ‘Marwari’ school of business keeps 3 generations of Ruia family under one roof | Indian family-run business houses have in recent years seen ugly public spats between owners over control.
But metals-to-ports conglomerate Essar's Ruia family seems to be an exception. Three generations of the Ruia family - founder brother... |
| 16.06.2024 | Essar plans ₹30,000 crore investment for green hydrogen plant in Gujarat | Essar Group plans to invest ₹30,000 crore over the next four years in setting up a green hydrogen plant at Jamnagar in Gujarat as the metals-to-infrastructure conglomerate eyes clean energy as a key pillar for its new phase of growth.
“The ... |
| 05.06.2024 | Port sector asked to decarbonise entire chain of operations; MMB
Tata Power Solar: Nationwide Solar Drive
Cairn Oil & Gas: Net-Zero 2030
AI Platform for ESG Compliance | PORTS & SHIPPING Port sector asked to decarbonise entire chain of operations; MMB
05 Jun 2024 3 Min Read CW Team
The Maharashtra Maritime Board called upon both public and private stakeholders within the port sector to join forces in re... |
| 26.05.2024 | Lack of remunerative rates, policy changes tether ethanol blending | - |
| 22.05.2024 | The Energy Landscape: A Global Shift Towards Sustainability | The world is witnessing a near-record high in methane emissions from the energy sector, urging immediate action to combat climate change. The International Energy Agency (IEA) reports alarming levels of methane emissions driven by increased... |
| 22.05.2024 | Adani Energy's Strategic Moves in the Energy Sector | Adani Energy, a key player in India's power transmission domain, recently made significant strategic moves that underscore its commitment to growth and innovation within the energy sector. The acquisition of Essar's Mahan and Sipat transmis... |
| 21.05.2024 | Chhattisgarh's Korba district lithium mine auction likely next month | - |
| 17.05.2024 | Solar energy systems to be installed in SAIL's Plant site
Salem Steel Plant's Unit 3 Privatization Put on Hold
Gokhale Bridge to partially open by the end of October
Pune Metro Rail Project receives 8... | POWER & RENEWABLE ENERGY Solar energy systems to be installed in SAIL's Plant site
17 May 2024 2 Min Read CW Team
Steel Authority of India Limited (SAIL)?s Bhilai Steel Plant (BSP) will install solar power generation systems on its site... |
| 17.05.2024 | Reliance Sells REC Solar Norway to Elkem for $22 Million
NSE-listed companies' CSR spending reached Rs 155.24 bn in FY23
Reliance, JSW among bidders for ACC Battery Scheme
Reliance secures approval fo... | POWER & RENEWABLE ENERGY Reliance Sells REC Solar Norway to Elkem for $22 Million
17 May 2024 2 Min Read CW Team
Reliance Industries Ltd announced on Thursday the completion of the sale of its subsidiary, REC Solar Norway AS, to Oslo-li... |
| 17.05.2024 | IEA Reports Near-Record Methane Emissions from Energy Sector
IEA Lowers Global Oil Demand Growth Forecast
India is ranked as the third-largest solar power generator.
Global Clean Energy Tech Investmen... | POWER & RENEWABLE ENERGY IEA Reports Near-Record Methane Emissions from Energy Sector
17 May 2024 2 Min Read CW Team
The International Energy Agency (IEA) has issued a concerning report indicating that methane emissions from the energy ... |
| 17.05.2024 | Jindal Steel & Power's Q4 Profit After Tax Doubles to Rs 9.33 Bn
Jindal Steel & Power's Q4 Profit After Tax Doubles to Rs 9.33 Bn
Jindal Steel & Power's Q4 Profit After Tax Doubles to Rs 9... | POWER & RENEWABLE ENERGY Jindal Steel & Power's Q4 Profit After Tax Doubles to Rs 9.33 Bn
17 May 2024 1 Min Read CW Team
Jindal Steel & Power Limited (JSPL) has reported a remarkable achievement in its financial performance for ... |
| 17.05.2024 | India's Green Hydrogen Plan: Biomass Conversion
India's Q1 Energy Shift: Renewables Overtake Coal
India's Office Leasing Demand Set to Exceed 70 Million Sq Ft in 2024
India Surpasses Australia, Japan,... | POWER & RENEWABLE ENERGY India's Green Hydrogen Plan: Biomass Conversion
17 May 2024 2 Min Read CW Team
India is embarking on a transformative journey from barren lands to abundant green hydrogen production through biomass conversion. T... |
| 17.05.2024 | SJVN Subsidiary Calls for Bids for Solar Modules
SJVN Green Inks Deal for Solar Project Development
Adani Energy Acquires Essar's Transmission Assets
IEX Q4 Net Profit Grows 9.5% | POWER & RENEWABLE ENERGY SJVN Subsidiary Calls for Bids for Solar Modules
17 May 2024 2 Min Read CW Team
SJVN Limited, through its subsidiary SJVN Thermal Private Limited, has initiated the bidding process for the procurement of solar m... |
| 17.05.2024 | ReNew Signs $1 Billion Financing Pact with Societe Generale
Inox Wind's 3MW Turbines for New Fortunes
India's Q1 Energy Shift: Renewables Overtake Coal
Morocco to expand energy capacity by 9 gigawatts... | POWER & RENEWABLE ENERGY ReNew Signs $1 Billion Financing Pact with Societe Generale
17 May 2024 2 Min Read CW Team
Leading energy firm ReNew announced on Wednesday that it has entered into an initial agreement with European bank Societ... |
| 17.05.2024 | IEX Q4 Net Profit Grows 9.5%
IEX reports 13.7% spike in annual volume; 110.1 billion units in FY24
IEX Records Surge in April Trading, PRICES Plummet
IEX trades up 285% YoY
Adani Energy Acquires Essar... | POWER & RENEWABLE ENERGY IEX Q4 Net Profit Grows 9.5%
17 May 2024 3 Min Read CW Team
The Indian Energy Exchange (IEX) has reported a significant uptick in its net profit for the fourth quarter, marking a notable growth of 9.5%. This fin... |
| 17.05.2024 | Rajasthan Targets 90 GW Renewable Energy by 2030
Adani Energy Acquires Essar's Transmission Assets
IEX Q4 Net Profit Grows 9.5%
Power Finance Corporation's Q4 Net Profit Rises 23% to Rs 75.56 Bn | POWER & RENEWABLE ENERGY Rajasthan Targets 90 GW Renewable Energy by 2030
17 May 2024 2 Min Read CW Team
Rajasthan, a frontrunner in India's renewable energy sector, has unveiled plans to achieve a remarkable 90 gigawatts (GW) of renewa... |
| 17.05.2024 | Adani Energy Acquires Essar's Transmission Assets
SEBI issues Show Cause to six Adani firms
Adani Energy Eyes $600 Million Bank Borrowing
Adani Energy Solutions Plans 7 GW RE Evacuation Network
IEX Q4... | POWER & RENEWABLE ENERGY Adani Energy Acquires Essar's Transmission Assets
17 May 2024 2 Min Read CW Team
Adani Energy has finalised the acquisition of Essar's Mahan and Sipat transmission assets for a sum of Rs 1900 crore. This signifi... |
| 17.05.2024 | Inox Wind's 3MW Turbines for New Fortunes
Hero Future Energies Expands Renewable Portfolio
Inox Wind Bags Major Order from CESC
Inox Wind secures 50 MW ISTS wind project from NLC India
Adani Energy Ac... | POWER & RENEWABLE ENERGY Inox Wind's 3MW Turbines for New Fortunes
17 May 2024 2 Min Read CW Team
Inox Wind, a leading player in the renewable energy sector, is eyeing new opportunities with its 3MW wind turbines. The company aims to ca... |
| 15.05.2024 | India asks Iran to release nearly 40 of its sailors detained from 4 ships | - |
| 13.05.2024 | Chabahar explained: How India can bypass Pak, reach Europe via Iran port | - |
| 11.05.2024 | Contenders for Medinipur face more resistance internally than from Oppn | - |
| 08.05.2024 | India's Mineral Sector: A Path to Self-Sufficiency | India's mineral sector is set for a transformation with the upcoming auction of 20 critical mineral blocks, signaling a shift towards self-sufficiency and reducing dependency on imports. Spearheaded by the Mines Ministry, this initiative ai... |
| 06.05.2024 | India Set to Lead Offshore Mining | COAL & MINING India Set to Lead Offshore Mining
06 May 2024 2 Min Read CW Team
India's amended legislation opens up vast opportunities for offshore mining, positioning the nation as a formidable player in the global arena. With the pote... |
| 02.05.2024 | Imported Coal Plants Procurement Surges in FY24 | COAL & MINING Imported Coal Plants Procurement Surges in FY24
02 May 2024 2 Min Read CW Team
The procurement of imported coal for power plants in India has reached a four-year high in the fiscal year 2023-24 (FY24), according to industr... |
| 01.05.2024 | The Evolution of Inheritance Tax in India | 4000 characters
Inheritance tax, a contentious issue in India's political landscape, has a rich history and significant political relevance. Dating back to colonial times, this tax has been a subject of debate and reform over the years.
Ini... |
| 29.04.2024 | India's Strategic Moves in West Asia and Beyond | India is making strategic moves in West Asia and beyond to expand its ties and reduce its reliance on China.
India is set to sign a trade deal with Oman, strengthening its ties in West Asia. This move is aimed at boosting India's presence i... |
| 29.04.2024 | Coal Sampling and Grading Completed for 427 Mines | COAL & MINING Coal Sampling and Grading Completed for 427 Mines
29 Apr 2024 2 Min Read CW Team
The sampling and grading process for coal has been successfully completed at 427 mines, with the new standards set to come into effect from t... |
| 27.04.2024 | India set to sign trade deal with Oman to expand its West Asia ties | - |
| 23.04.2024 | Thermax Aims to Leverage Steel, Power, and Refining Sectors | ECONOMY & POLICY Thermax Aims to Leverage Steel, Power, and Refining Sectors
23 Apr 2024 2 Min Read CW Team
Thermax, a leading energy and environmental solutions provider, is optimistic about capitalising on opportunities in the steel, ... |
| 15.04.2024 | Ankur Kumar to Spearhead Essar Power's Renewable Expansion | POWER & RENEWABLE ENERGY Ankur Kumar to Spearhead Essar Power's Renewable Expansion
15 Apr 2024 3 Min Read CW Team
Ankur Kumar, a seasoned executive, has been appointed to head Essar Power's renewable division, marking a strategic move ... |
| 11.04.2024 | Essar Power appoints Arun Kumar as CEO of renewables division | Essar Power on Thursday said that it has appointed Arun Kumar as the chief executive officer (CEO) of its renewables business division as the company forays into PV solar, battery storage, EVs and wind energy.
Kumar, who has over two decade... |
| 10.04.2024 | AM/NS now controls Vizag Port's ore complex post security clearance | PORTS & SHIPPING AM/NS now controls Vizag Port's ore complex post security clearance
10 Apr 2024 3 Min Read CW Team
ArcelorMittal Nippon Steel India (AM/NS India) has assumed control of a 16 million tonne (mt) capacity iron terminal at ... |
| 08.04.2024 | India Aims for 100 GW Nuclear Power by 2047 | POWER & RENEWABLE ENERGY India Aims for 100 GW Nuclear Power by 2047
08 Apr 2024 3 Min Read CW Team
India, a country with a burgeoning energy demand, is setting its sights on a monumental goal: achieving 100 gigawatts (GW) of nuclear po... |
| 07.04.2024 | India's Coal Conundrum: Balancing Power Demand and Environmental Concerns | India's reliance on coal for meeting summer power demand raises environmental concerns, despite advancements in renewable energy. Coal remains a linchpin in India's energy landscape, providing reliability but also contributing to air pollut... |
| 05.04.2024 | India's Coal Dependence for Summer Power Demand | COAL & MINING India's Coal Dependence for Summer Power Demand
05 Apr 2024 2 Min Read CW Team
India persists in leaning heavily on coal to fulfill the anticipated peak demand of 260 gigawatts (GW) during the summer season. Despite advanc... |
| 05.04.2024 | India's Heavy Reliance on Coal to Meet Summer Peak Power Demand | COAL & MINING India's Heavy Reliance on Coal to Meet Summer Peak Power Demand
05 Apr 2024 2 Min Read CW Team
India's energy landscape continues to heavily rely on coal as it braces for the projected peak demand of 260 gigawatts (GW) dur... |
| 04.04.2024 | India's FY24 Coal Production Exceeds 1 Billion Tonnes | COAL & MINING India's FY24 Coal Production Exceeds 1 Billion Tonnes
04 Apr 2024 2 Min Read CW Team
India's coal and lignite production has reached an unprecedented milestone, surpassing 1 billion tonnes in the fiscal year 2023-24, accor... |
| 03.04.2024 | Minister Joshi unveils Coal Logistics Policy for infra boost | COAL & MINING Minister Joshi unveils Coal Logistics Policy for infra boost
03 Apr 2024 2 Min Read CW Team
Minister of Coal and Mines, Pralhad Joshi, has initiated a groundbreaking Coal Logistics Policy aimed at bolstering infrastructure... |
| 14.03.2024 | Coal Sector Booms with 10.2% Growth | COAL & MINING Coal Sector Booms with 10.2% Growth
14 Mar 2024 CW Team
The coal sector has emerged as a frontrunner in the Indian industrial landscape, showcasing remarkable resilience and growth amidst economic fluctuations. In January ... |
| 14.03.2024 | Coal Gasification Strengthens India's Energy Security | COAL & MINING Coal Gasification Strengthens India's Energy Security
14 Mar 2024 CW Team
Coal gasification stands as a reliable and transformative process poised to bolster India's energy security in the coming years. This innovative tec... |
| 14.03.2024 | Karnataka and Rajasthan Pioneer Mineral Exploration | ECONOMY & POLICY Karnataka and Rajasthan Pioneer Mineral Exploration
14 Mar 2024 CW Team
Karnataka and Rajasthan, two states in India, have embarked on a groundbreaking journey by initiating the nation's inaugural auction for exploratio... |
| 30.10.2023 | Essar launches $ 4 billion Saudi steel plant in 2024 | Steel Essar launches $ 4 billion Saudi steel plant in 2024
30 Oct 2023 CW Team
India?s Essar Group has revealed its intentions to invest billions of dollars in low-carbon projects across Saudi Arabia, the UK, and India, marking a significan... |
| 21.11.2022 | ₹16,500 crore acquisition of port, power infra assets of Essar Group" data-reg="AM/NS completes ₹16,500 crore acquisition of port, power infra assets of Essar Group">AM/NS completes ... | ₹16,500 crore acquisition of port, power infra assets of Essar Group" data-reg="AM/NS completes ₹16,500 crore acquisition of port, power infra assets of Essar Group">AM/NS completes ₹16,500 crore acquisition of port, power... |
| 21.11.2022 | Essar raises $2.05 bn from sale of ports, power assets; clears $25 bn debt of Indian banks | Essar group companies completed the sale of two captive ports and a power plant to ArcelorMittal Nippon Steel India, on Monday.
The sale consisted of infra assets which include a 270 MW power plant and 25 MPTA port at Hazira in Gujarat; and... |
| 25.05.2021 | Essar Global : Low carbon project at Stanlow secures Government backing | May 25, 2021
Stanlow, 25th May 2021: A new project that forms part of Essar's plans to decarbonise the Stanlow Refinery in North West England has secured a £7.2m grant from the Industrial Energy Transformation Fund.
The funding has been mad... |
| 22.05.2021 | Essar Oil UK raises $850 mn from diverse sources to retire earlier loans | - |
| 13.03.2018 | Essar Oil completes Rs 10,000 cr expansion at Vadinar | Crude refining major Essar Oil Ltd on Tuesday announced completion of its Rs 10,000 crore expansion project at Vadinar in Gujarat, four months ahead of the schedule.
The total refining capacity will go up to 20 million tonnes (mt) a year or... |
| 12.03.2018 | Essar secures $330-mn loan from Russia’s VTB to delist shares | Essar Group has secured a $330-million loan from Russian bank VTB to delist shares in its oil refining subsidiary Essar Oil Ltd , two sources familiar with the matter told Reuters.
Obtaining the loan is an important step for the Indian firm... |
| 12.03.2018 | Essar Steel raises $1 b via ECB route to repay rupee loans | To save Rs 450 cr/annum in interest outgo
Essar Steel has raised $1 billion (about Rs 5,900 crore) through the external commercial borrowing channel to repay its rupee-denominated debt. The borrowing was done at Libor (London Interbank Offe... |
| 15.01.2018 | Essar Projects completes projects worth Rs 2,862 cr in FY 17 | Essar Projects India Ltd (EPIL), a leading engineering procurement and construction (EPC) company, has completed and commissioned 10 projects worth Rs 2,862 crore in the financial year 2016-17.
Some of these projects are of national importa... |
| 09.01.2018 | Essar Oil completes sale of India assets to Rosneft-led consortium for $12.9 bn | Deal includes sale of Vadinar refinery, 3,500 retail outlets, a power plant and port
The Ruias-run Essar Oil today announced the completion of sale of its India assets to the Russian government controlled Rosneft-led consortium for $12.9 bi... |
| 09.01.2018 | Essar Steel liquidator gets claims for ₹77,785-cr from debtors, staff | Insolvency Resolution Professional accepts claims worth ₹49,108 cr and rejects ₹302 cr
The Insolvency Resolution Professional (IRP) appointed for Ruias-owned Essar Steel has received claims for ₹77,785 crore from 49 lenders and ₹20 crore fr... |
| 27.11.2017 | Essar closes Rs 2000-cr Aegis sale; retires Rs 75,000 cr debt | -->
Essar Group on Monday announced the closure of its BPO arm Aegis sale for Rs 2,000 crore. (File Photo) |
| 25.11.2017 | Essar Power raises Rs 1,000 crore | Essar Power, a subsidiary of LSE-listed Essar Energy, said that it has completed an 11-year Rs 1,000 crore (about $147 million), rupee denominated bond offering. The bonds issued will be listed on the Bombay Stock Exchange. It will be repai... |
| 21.08.2017 | Essar Oil completes sale of India assets to Rosneft for USD 12.9 bn | -->
The deals includes sale of its 20 million tonne refinery at Vadinar in Gujarat and a captive power plant and captive port as well as over 3,500 petrol pumps. |
| 03.04.2017 | India: Capital Square Partners acquires Aegis BPO from Essar | Premium
Essar Group said on Monday that it had entered into a definitive agreement to sell its business process outsourcing (BPO) unit Aegis Ltd to private equity (PE) firm Capital Square Partners.
Continue reading this story with a subscri... |
| 28.02.2015 | India Nabs Low-Tech Espionage Ring Targeting Energy Industry | Law enforcement officials in India shut down a corporate espionage ring that had pilfered high-value information and data from government energy agencies. |
| 10.02.2015 | Essar Oil Limited Q3 FY15 Results | Mumbai, Maharashtra, India
Q3FY15 Highlights
Gross revenues at Rs 22,220 crore, vs Rs 27,385 crore in Q3FY14
Throughput at 5.19 MMT Vs 4.86 MMT in Q3FY14
Current Price Gross Refining Margin (CP GRM) at $7.00 /bbl Vs $7.93/bbl in Q3FY14
EBIT... |
| 15.01.2015 | Essar Concludes yuMobile Transaction; Completes Monetization of Telecom Business for USD 6 Billion | India; Mauritius
- Essar Global exits its investment in Essar Telecommunications Kenya Limited, (“yuMobile”)
- The total deal value of the transactions is approximately USD 120 million.
- Deal is part of Essar Global Fund Limited’s (EGFL) s... |
| 24.11.2014 | Essar Steel raises $1 b to trim rupee debt | Essar Steel has raised $1 billion (about ₹6,100 crore) through long-term export securitisation to pre-pay existing rupee debt. This is pursuant to Essar Steel’s strategy to have a major portion of its debt in dollar. The company had earlier... |
| 18.07.2013 | Essar Power raises Rs 750 cr | Essar Power said it has raised Rs 750 crore in debt through rupee-denominated bond offering.
Essar Power is a subsidiary of London-listed Essar Energy. The proceeds will be used to repay existing loans in the power business, particularly re... |
| 20.06.2013 | Essar Steel raises $1B through ECB to reduce debt | Ruia family-controlled Essar Steel Ltd has raised $1 billion (Rs 5,990 crore) through external commercial borrowing (ECB) to de-risk its balance sheet at a competitive Libor-linked pricing, the company said in a statement. The ECB was subsc... |
| 18.09.2012 | Chinese Firm Invests $3.5b On Zimbabwean Power Plant | Chinese company Guangdong Bureau of Coal Geology (Guangdong) plans to invest $3.5 billion towards the construction of a 1,200 megawatt (MW) thermal power plant in Zimbabwe, according to a senior official of the company.
While addressing jou... |
| 31.01.2012 | Essar receives demand for $1.2bn in tax case | INDIAN energy firm Essar Energy was yesterday landed with a bill for $1.235bn (£759m) in sales tax it owes to its government. |
| 22.04.2010 | Essar Energy IPO heads for $10-bn market value | The Ruias-controlled Essar Group on Thursday launched the initial public offering of shares of its energy and power businesses with strong early indications that the biggest overseas listing by an Indian firm will have a market value of $10... |
| 22.04.2010 | Essar Energy heads for $11bn valuation in City sharelisting | ESSAR Energy yesterday revealed the share price range for its forthcoming listing that will raise around $2.5bn (£1.63bn) in one of London’s largest ever IPOs. |
| 19.03.2009 | IDFC Project Equity Invests Rs 350 Cr In Essar Power | IDFC Project Equity Company Ltd has invested Rs 350 crore in Essar Power Ltd for part financing the equity for its ongoing expansion projects. The funds have been invested from India Infrastructure Fund (IIF) which currently manages a corpu... |
| 24.06.2008 | Essar seeks $4.4 bn funds to meet expansion plans | Essar Oil, the second largest private oil refiner in the country, is understood to be in advanced stages of negotiations with a consortium of banks to raise as much as $4.4 billion (Rs 18,480 crore) to partly fund its capacity expansion pla... |
| 10.04.2007 | Hutch Essar valued at $25 b for stake calculations-HTIL | HongKong-based Hutchison Telecommunication International Ltd (HTIL), which has sold a majority stake to Europe's Vodafone in Hutchison Essar Ltd, has claimed that the total valuation of the joint venture is estimated at $25 billion to decid... |
