Browsing Tag

Essar

Essar 2.0: Ruias script zero debt, asset-light business model

Kemal Pasha Jun 2, 2023

The Essar Group lost two of its crown jewels — Essar Steel and Essar Oil — in 2017. The latter was one of the 12 firms identified by the Reserve Bank of India for initiation of insolvency proceedings due to its high level of debt. The…

Business

Essar to invest $3.6 billion to drive UK’s low- carbon energy transition

Kemal Pasha Feb 27, 2023

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Business

AM/NS India eyes $250-300 mn gain from purchase of Essar group infra assets

Kemal Pasha Oct 9, 2022

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Business

Essar Group to sell ports, power assets to Arcelor Mittal India for ₹19,000 crore

Kemal Pasha Aug 27, 2022

The deal also envisages a 50-50 joint venture, for building a 4 MTPA LNG terminal at Hazira, Gujarat, between Essar and ArcelorMittal The deal also envisages a 50-50 joint venture, for building a 4 MTPA LNG terminal at Hazira, Gujarat,…

Business

Essar signs $2.4 billion deal to sell ports business to ArcelorMittal

Kemal Pasha Aug 26, 2022

Essar signs $2.4 billion deal to sell ports business to ArcelorMittal.…

Business

Sebi penalises erstwhile Essar Steel India for disclosure lapses

Kemal Pasha Mar 29, 2022

New Delhi: Markets watchdog Sebi on Monday penalised erstwhile Essar Steel India Ltd, which is now known as ArcelorMittal India Pvt Ltd, for lapses in making disclosures related to issuance of non-convertible debentures. However, the…