Essar Projects

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  Adani Energy Solutions Acquires Essar's Mahan-Sipat Transmission Project

  Adani Energy Solutions Ltd (AESL) has acquired 100 per cent stake in Essar Transco Limited for an Enterprise Value of INR 1,900 crore after obtaining necessary clearances. This share acquisition follows agreements signed in June 2022.

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  Essar Announces $3.6 Billion Investment In Low Carbon Projects In India, UK

  Essar Energy Transition (EET) plans to invest a total of $ 3.6 billion in developing a range of low carbon energy transition projects over the next five years, of which $2.4 billion will be invested across its site at Stanlow, the Essar group said.

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  Farallon Capital May Acquire Rs 1,700-Crore Stake In Essar Steel: Report

  The company is expected to utilise the funds from the financial investor to complete its second pellet project in Odisha, a source said.

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  Essar Projects Bags Rs 300 Crore Order From IFFCO

  Engineering procurement and construction company Essar Projects on Tuesday said it has bagged Rs 300 crore contract from fertiliser major IFFCO.

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  Essar Steel Minnesota Files For Bankruptcy In US

  Essar Steel Minnesota has filed for Chapter 11 bankruptcy in a US court after it failed to pay its mining leases, prompting the state's Governor Mark Dayton to cancel them. The project involved iron ore pellet production of 7 million tonne per annum.

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  Essar Projects Bags Rs 85-Crore Order From Indian Oil

  Essar Projects, promoted by the Ruias, on Tuesday announced that it has won a Rs 85-crore order from Indian Oil Corporation to replace its 141 kilometres of pipeline.

• Essar Projects, Saipem JV Bags $1.5-Bn Contract in Kuwait

  Essar Projects on Monday said its joint venture with Italy's Saipem has won an order worth $1.57 billion from Kuwait National Petroleum Co (KNPC) for setting up Al-Zour Refinery in Kuwait.

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  Essar Ports to Tap Domestic, International Markets for Raising up to $1 Billion

  EPL provides port and terminal services for liquid, dry bulk, break bulk, general cargo and small volumes of container cargo for specialised project equipment at its facilities.

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  Alstom T&D Bags Rs 80-Cr Order From Essar Projects

  Alstom T&D India Ltd on Wednesday said that it has bagged a contract worth around Rs 80 crore for supplying transformers for the Neyveli New Thermal Power project in Tamil Nadu.

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  Coal Mine Clearance Status of Companies Up for Government Review

  The Coal Ministry will in the week starting June 29 hold a review meeting with companies including Adani Power, Essar Power and GMR to evaluate status of transfer of various clearances and schedule of opening of coal mines allocated to them through auction recently.

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  Adani Power Gains Amid Acquisition Buzz

  Shares of Adani Power were in focus on Wednesday after reports said that it is in talks to acquire Avantha Power's 1,260-MW power project in Madhya Pradesh.

• Essar Steel's US Arm Achieves Financial Closure for $1.8-Billion Project

  Essar Steel on Monday said its US arm Essar Steel Minnesota (ESML) has achieved financial closure for its $1.8 billion iron ore pellet project with an annual production capacity of 7 million tonnes (MT).

• Government Cancels Special Economic Zones of Hindalco, Essar, Adani

  The government has cancelled approvals of nine special economic zones including those of Hindalco Industries, Essar and Adani as no "satisfactory" progress was made to execute the projects.

• Government May Cancel SEZs of Hindalco, Essar, Adani

  The Development Commissioners have recommended to the Board of Approval to cancel these SEZ projects. The formal approval had been granted to these projects by BoA.

• Essar Projects Bags $54 Million Deal From Saudi Arabian Oil Company

  Essar Projects on Tuesday said it has bagged a $54 million (over Rs 328 crore) maiden contract from Saudi Arabian national oil company Saudi Aramco.