Mon, Nov 11, 2024
Its revenue for the quarter under review declined 4.89 per cent to Rs 1,497.2 crore from Rs 1,574.3 crore in Q2 FY24.
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Sun, Jun 23, 2024
The approvals are expected anytime now, after which the conglomerate will start working on the 4 million tonne per year steel plant along with port facilities at Ras Al-Khair in Saudi Arabia.
Thu, Sep 21, 2023
Spread over 50,000 square feet, the Black Box Centre of Excellence will house research and development labs, command centres, client-tailored offshore delivery centres, and dedicated discussion rooms.
Mon, Aug 15, 2022
Pledges to invest 1 per cent of the total capital expenditure of the country as was done earlier by the group
Fri, Oct 26, 2018
Essar was announced by RBI as a wilful defaulter as it has a huge chunk of debt turned stressed assets with a consortium of banks.
Wed, Apr 25, 2018
In a big-ticket real estate deal, Essar group has sold prime commercial property Equinox Business Parks at Bandra-Kurla Complex (BKC) in Mumbai to global investment firm Brookfield for Rs 2,400 crore.
Mon, Aug 21, 2017
Essar Oil on Monday completed its deal with Russia's Rosneft. Few banks have large exposure to the Essar Group and with this deal concluded it comes as a sign of relief.
All-cash sale deal consists of Essar Oil's 20 million tonne refinery at Vadinar in Gujarat and 3,500 retail outlets across the country.
Fri, Mar 31, 2017
"The parties are working towards obtaining the requisite approvals to complete the transaction. We are hopeful that the deal will be completed in the upcoming few weeks," Essar said.
Tue, Mar 21, 2017
Reliance Industries' chairman and MD Mukesh Ambani has topped the list of Indian billionaires featured in Forbes recent survey titled 'The World's Billionaires' with global ranking of 33 and networth of $23.2 billion, find out names of other Indians in the list.
Sun, Oct 23, 2016
The 'resolution' process has got a major boost after three top lenders -- ICICI Bank, Axis Bank and StanChart -- got back an estimated $ 2.5 billion last Friday as part of the first payment for their debt exposure to the Ruias-led Essar Group.
Sat, Oct 22, 2016
The remaining 2% will be held by minority shareholders after delisting of Essar Oil.
Tue, Oct 18, 2016
The deal will also be significant because the Indian banks have become very forceful in addressing the problem of bad loans.
Mon, Oct 17, 2016
Essar Group's deal with Russia’s Rosneft on Saturday to sell Essar Oil for Rs 72,800 crore is likely to send a wide grin on face of a few banks.
Reportedly, in the all-cash deal, it also includes Vadinar refinery and Vadinar Port in Gujarat.
Sun, Jun 19, 2016
A spokesperson for Anil Ambani-led group said they were "shocked" to see the reports about the so-called tapes.
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