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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
Read MoreOperation 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
Read MoreCommunicate, 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
Read MoreLenders 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.
Read MoreWill 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
Read MoreOil 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
Read MoreUS 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
Read MoreEssar'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
Read MoreUS 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
Read MoreKPS 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
Read MoreEssar 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
Read MoreEssar 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
Read MoreEssar 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
Read MoreEssar 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
Read MoreNSE 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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