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Essar Group Says It Is Debt-Free After Repaying $25 Billion
Essar Group has become debt-free, having settled the remainder of its $25 billion debt after the sale of two ports and a power plant to ArcelorMittal Nippon Steel Ltd (AM/NS), the group said today.
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Adani Group To Buy Essar Power's Transmission Line For Rs 1,913 Crore
Adani Transmission Ltd (ATL), India's largest private-sector transmission and distribution company, said on Friday it has signed definitive agreements with Essar Power to buy its Mahan-Sipat transmission line for Rs 1,913 crore.
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Essar Power To Sell Transmission Line To Adani For Rs 1,913 Crore
Essar Power Ltd on Friday said it has agreed to sell one of its two electricity transmission lines to Adani Transmission Ltd for Rs 1,913 crore.
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Stocks To Watch: Power Grid, PTC India, Bata India, Essar Shipping
Power Grid Corporation approved the proposal to infuse fresh equity up to Rs 425 crore in Energy Efficiency Services, a joint venture company of PowerGrid, NTPC, PFC and REC
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Central Bank Of India Puts Rs 3,300 Crore Of Bad Loans on Auction: Report
The accounts are Bombay Rayon Fashions Ltd, Alok Industries (Rs 1,251 crore), Bhushan Power & Steel (Rs 1,550.07 crore) and Essar Steel (Rs 423 crore).
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BJP Let 4 Private Firms Squander Rs 26,000 Crores In Gujarat Power Scam: Congress
The Congress on Thursday alleged that the BJP government in Gujarat had let four private companies -- Adani, ESSAR, Tata and China Light Power -- to "squander" Rs 26,000 crore of the public exchequer by purchasing electricity from them at "unimaginably high rates" in a "huge power purchase scam" in the state.
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Essar Power May Sell Gas-Based Plants In Gujarat To Pare Debt
Burdened by a whopping Rs 20,369 crore debt, private utility Essar Power is looking to sell two of its gas-based plants in Gujarat to reduce debt, a senior company official said.
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Trafigura In Talks To Buy Stake In Essar Oil: Report
Trafigura could also get a stake in Essar's more than 2,000 retail fuel stations, a power plant and the Vadinar port, Bloomberg reported.
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Essar Eyes Sale Of Gujarat Refinery: Report
Essar, which is controlled by the billionaire Ruia brothers and has assets in the oil and gas, steel, ports and power sectors, has faced pressure from creditors to reduce borrowing that some analysts estimate at more than $14 billion.
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Essar Power Commissions 1st Unit of 120 MW Paradip Power Plant
With over 14 years of operating experience, Essar Power is amongst India's leading private sector power producers. Its portfolio consists of gas and coal fired plants in India and Canada with total generation capacity of 6,700 MW, the release said.
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Essar Group Says It Is Debt-Free After Repaying $25 Billion
Essar Group has become debt-free, having settled the remainder of its $25 billion debt after the sale of two ports and a power plant to ArcelorMittal Nippon Steel Ltd (AM/NS), the group said today.
-
Adani Group To Buy Essar Power's Transmission Line For Rs 1,913 Crore
Adani Transmission Ltd (ATL), India's largest private-sector transmission and distribution company, said on Friday it has signed definitive agreements with Essar Power to buy its Mahan-Sipat transmission line for Rs 1,913 crore.
-
Essar Power To Sell Transmission Line To Adani For Rs 1,913 Crore
Essar Power Ltd on Friday said it has agreed to sell one of its two electricity transmission lines to Adani Transmission Ltd for Rs 1,913 crore.
-
Stocks To Watch: Power Grid, PTC India, Bata India, Essar Shipping
Power Grid Corporation approved the proposal to infuse fresh equity up to Rs 425 crore in Energy Efficiency Services, a joint venture company of PowerGrid, NTPC, PFC and REC
-
Central Bank Of India Puts Rs 3,300 Crore Of Bad Loans on Auction: Report
The accounts are Bombay Rayon Fashions Ltd, Alok Industries (Rs 1,251 crore), Bhushan Power & Steel (Rs 1,550.07 crore) and Essar Steel (Rs 423 crore).
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BJP Let 4 Private Firms Squander Rs 26,000 Crores In Gujarat Power Scam: Congress
The Congress on Thursday alleged that the BJP government in Gujarat had let four private companies -- Adani, ESSAR, Tata and China Light Power -- to "squander" Rs 26,000 crore of the public exchequer by purchasing electricity from them at "unimaginably high rates" in a "huge power purchase scam" in the state.
-
Essar Power May Sell Gas-Based Plants In Gujarat To Pare Debt
Burdened by a whopping Rs 20,369 crore debt, private utility Essar Power is looking to sell two of its gas-based plants in Gujarat to reduce debt, a senior company official said.
-
Trafigura In Talks To Buy Stake In Essar Oil: Report
Trafigura could also get a stake in Essar's more than 2,000 retail fuel stations, a power plant and the Vadinar port, Bloomberg reported.
-
Essar Eyes Sale Of Gujarat Refinery: Report
Essar, which is controlled by the billionaire Ruia brothers and has assets in the oil and gas, steel, ports and power sectors, has faced pressure from creditors to reduce borrowing that some analysts estimate at more than $14 billion.
-
Essar Power Commissions 1st Unit of 120 MW Paradip Power Plant
With over 14 years of operating experience, Essar Power is amongst India's leading private sector power producers. Its portfolio consists of gas and coal fired plants in India and Canada with total generation capacity of 6,700 MW, the release said.
