Essar group

It would take one more year for private investment to pick up: Ruia

Speaking at the India Economic Summit, he said that huge private investment during the last five years has created a lot of surplus capacity.

Oct 05, 2017, 18:30 PM IST
Essar Group to pay additional Rs 75.48 per share to ex-EOL shareholders

Essar Group to pay additional Rs 75.48 per share to ex-EOL shareholders

The Essar Group on Tuesday said it will pay an additional Rs 75.48 per share to Essar Oil's ex-shareholders, who tendered their shares at the open offer in the run-up to the delisting of the company that was sold to the Russian giant Rosneft yesterday for USD 12.9 billion.

Aug 22, 2017, 15:14 PM IST

Ruias shave off 67% of Rs 1.05 trillion group debt with EOL sale

The Ruias-promoted Essar Group, as of March 2017, had a long term debt of Rs 1.05 trillion and a working capital loan of Rs 30,000 crore at the holding company and group companies level, taking the total burden to Rs 1.35 trillion.

Aug 21, 2017, 19:56 PM IST
Lenders approve Rs 86,000-crore Essar Oil sale to Rosneft

Lenders approve Rs 86,000-crore Essar Oil sale to Rosneft

The Essar group has crossed the last hurdle to complete the sale of its Gujarat refinery to Russia's Rosneft, with the lenders, including LIC, giving the go-ahead to the deal, sources said.

Jun 23, 2017, 13:04 PM IST
IT official, Essar MD among six held in bribery case

IT official, Essar MD among six held in bribery case

In a major swoop, the CBI on Wednesday arrested an Income Tax Commissioner, a top Essar Group official and four others in a bribery case and seized Rs 1.50 crore during operations in Mumbai and Visakhapatnam, officials said here.

May 03, 2017, 20:53 PM IST
Essar Group seeks Rs 4,000 crore refund from I-T dept

Essar Group seeks Rs 4,000 crore refund from I-T dept

Ruias-owned Essar Group is seeking a refund of Rs 4,000 crore capital gains tax deducted six years ago when it sold stake in telecom venture to Vodafone Plc of the UK.

Apr 30, 2017, 11:50 AM IST

Special court concludes arguments in 2G scam case

A special court today concluded final arguments in 2G spectrum allocation scam case involving former Telecom Minister A Raja, DMK MP Kanimozhi and others as accused, six years after the CBI filed the first charge sheet.

Apr 19, 2017, 17:06 PM IST
HC refuses to interfere in Essar phone tapping matter

HC refuses to interfere in Essar phone tapping matter

The Delhi High Court on Tuesday refused to direct a court-monitored probe by an SIT into the allegation that corporate major Essar tapped phones of high- profile people and some union ministers, saying the Centre has already asked the Delhi Police to investigate the matter.

Jul 19, 2016, 15:07 PM IST

Police to conduct inquiry on Essar phone tapping, court told

The police have been asked to conduct a preliminary inquiry into a Supreme Court lawyer`s allegations that the Essar Group tapped phone conversations of corporate chiefs.

Jul 11, 2016, 15:37 PM IST