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Latest Articles in essar group

Essar Group Says Non-Compete Clause With Rosneft Only For 3 years

The non-compete clause is only for a limited period of three years, after which this clause is no more applicable, Essar spokesperson clarified

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Operation Deleverage: Essar’s Pain To Sell Its Crown Jewel Is Corporate System’s Gain

Marked as India’s largest inbound foreign direct investment, the deal gives Russia’s biggest oil producer and one of the world’s largest commodity traders access to a global demand centre in Asia while helping Essar Group reduce its debt by about $11 billion and shift focus to its struggling steel business

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Communicate, Collaborate With Commitment To Make Digital Work

There has to be a larger agenda for digitisation and there should be a collaborative mechanism aligned with that agenda

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Lenders Approve Rs 86,000 Crore Essar Oil Sale To Rosneft

With this Rs 86,000 crore transaction, which makes it the largest FDI inflow for the country, the company hopes to close the deal by early next month, Essar group sources said.

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Will 2017 Be Different For Steel And Power Companies?

Sutanu Guru takes a look at the many deals brewing in the Indian steel sector; taken together, JSPL, Essar Steel and Bhushan Steel account for much more than Rs 1 lakh crores in unpaid debt

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Oil Wars: How Kremlin's $13 Billion Indian Deal Almost Fell Apart

It was salvaged due to the involvement of Russian President Vladimir Putin and Indian Prime Minister Narendra Modi, who were keen for it go through

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US Says Rosneft-Essar Deal Not In Violation Of Sanctions On Russia

The acquisition is the biggest in India and largest outbound deal for Russia. The all cash deal is expected to close in first quarter of 2017

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Essar's Flat Steel Production Up 58 Per Cent In Q2 FY17

Pellet production grew 89 per cent to 2.43 MT compared to 1.28 MT in the same quarter last year, the leading steel producer said in statement

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US Steel Canada Rejects Offer From Essar Consortium

It cited a failure by the Indian energy and resources conglomerate to provide evidence of its financial ability to own and operate the company and an inability to gain the support of all stakeholders

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KPS Capital Partners Backs Out Of Essar Steel Algoma Bid

A group that includes shareholders of Essar Global signed a letter of intent with a local unit of the United Steelworkers Union (USW) on Tuesday to negotiate a deal to buy ESA for about $900 million

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Essar Global Investors, Others Keen To Buy Essar Algoma

Algoma, bought nearly a decade ago by Indian energy and resources conglomerate Essar Global, had put itself up for sale while operating under creditor protection

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Essar Steel Minnesota Hires Debt Restructuring Advisers

The US affiliate of India's Essar Global Group is in the final stages of building a $1.8 billion iron ore pellet plant in northern Minnesota

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Essar Group's Ravi Ruia Denied Permission To Travel Abroad

The court gives Essar Group director Vikash Saraf, a co-accused in the case, permission to travel to Dubai for his professional obligations

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Essar Oil Says Rosneft Stake Buy In Advanced Due Diligence

Rosneft signed a preliminary deal in July last year to acquire up to 49 per cent in Essar Oil, controlled by the Indian billionaire Ruia brothers

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NSE To Suspend Trading In Essar Oil From Feb 10

Last month Essar Oil had completed delisting process from the stock exchanges after a payout of Rs 3,745 crore to shareholders, the largest in India's corporate history

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