Last Updated: Friday, June 27, 2014, 14:57
The Coal Ministry has turned down the plea of Power ministry for reconsidering the decision on deallocation of eight coal blocks of power producers like Essar Power, Hindalco and Tata Power, a move that may hit an investment of around Rs 20,000 crore.
Last Updated: Sunday, February 16, 2014, 12:22
The final decision on the issue will be taken only after the Coal Minister accepts the recommendations of the IMG, according to sources.
Last Updated: Friday, January 24, 2014, 16:31
At least two workers were reportedly killed in an accident at the Essar power plant in Salaya plant near Jamnagar. The cause of the accident is not known yet.
Last Updated: Tuesday, December 17, 2013, 16:18
Taking ahead its drive against companies sitting idle on mines, the Coal Ministry has slapped show cause notices on six companies, including Essar Power and Rungta Mines, for delays in developing the blocks.
Last Updated: Wednesday, September 11, 2013, 15:43
As part of its plan to lower the debt service burden by replacing short-term debt with long-term borrowing, Essar Power has raised Rs 1,000 crore through an 11-year domestic bond sale.
Last Updated: Thursday, August 22, 2013, 17:52
Essar Power is a subsidiary of London-listed Essar Energy.
Last Updated: Wednesday, December 26, 2012, 18:34
Essar Power Wednesday announced synchronisation of the first 600 mw unit plant of its 1,200 mw Mahan I project in Madhya Pradesh.
Last Updated: Monday, November 12, 2012, 18:40
Essar Power Monday said it has commissioned the second unit of 225 MW of its 510 MW Vadinar Phase 2 project in Gujarat.
Last Updated: Thursday, October 04, 2012, 18:50
V G Raghavan, a former Group Chief Financial Officer of Essar Group, said that there is no practice of any "counter guarantee" and commission from the group firms but it was done in the case of Loop Telecom.
Last Updated: Wednesday, September 05, 2012, 22:19
Essar Power "categorically denied" allegations that Navabharat was its 'front' company and asserted the deal was "legitimate".
Last Updated: Monday, September 03, 2012, 21:15
Firms including Jindal Steel & Power, Tata Steel, Essar Power, ArcelorMittal, Sterlite Energy and Reliance Power will be asked to present before the IMG on September 6, 7 and 8.
Last Updated: Friday, August 31, 2012, 20:14
He said the bank is guided by the guidelines of Reserve Bank of India (RBI) on the issue of treating a "company as a group company".
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