The era of Essar Steel Algoma Inc. as a part of the business empire controlled by the Ruia brothers of India appears to have come to an end. Essar Group, which paid $1.85billion to buy Algoma Steel Inc. in 2007, has been ruled out as a potential ... GlobeAdvisor, 1 week ago
Ruia-owned Essar Steel to double EBITDA in FY17 - Smart Investor, 2 months ago
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NEW DELHI: An Inter Ministerial Group (IMG) will review the security of Ruias-promoted Essar Steel's iron ore slurry pipeline, which supplies treated ore from its plant in Bailadila to pellet plant in Visakhapatnam, this month. The IMG, which is ...Economic Times, 3 days ago IMG to review Essar's iron ore slurry pipeline in Vizag Money Control, 3 days ago
For a conglomerate whose business interests stretch around the world from steel to power to ports to shipping to oil refining to telecom, $250 million may not count for much today. But back in 1999, when the Essar Group defaulted on Floating Rate ...Hindu Business Line, 3 days ago
First on the block would be the 1,200 MW coal-fired power plant at Salaya in Gujarat The $35-billion Essar Group, led by billionaire brothers Shashikant Ruia and Ravikant Ruia, plans to monetize some of its power assets as part of efforts to pare ...The Hindu, 2 weeks ago
MUMBAI: The Supreme Court has imposed a cost of Rs 25 Lakh each on two companies and industrialist Shyam Ruia for abuse of the judicial process by litigating for almost two decades to gain controlling interest in a Mumbai-based company. The two ...Times of India, 1 month ago #BenchSlap: The Supreme Court just imposed costs of 25 lac on the rich and powerful [Read judgment] Bar & Bench, 1 month ago
MUMBAI: Life Insurance Corporation of India may sue the Ruia-run Essar Power for missing interest payments on 11-year bonds it sold in 2013 to raise Rs 1,000 crore, said two people aware of the matter. But the company said it would soon be able to ...Economic Times, 1 month ago
Steel project delay lands Essar Group in bad books of US lender DK Partners, recalls $370 million loan
MUMBAI: Essar Group has found itself in the crosshairs of Davidson Kempner Capital Management (DK Partners) — one of Wall Street's largest and feared hedge funds — for delays and cost overruns in its ambitious US project executed by Essar Steel ...Economic Times, 1 month ago Project delay lands Essar in bad books of feared Wall Street creditor DK Partners Economic Times, 1 month ago
Two groups of students one belonging to Akhil Bhartiya Vidyarthi Parishad (ABVP) and the other to University Community for Democracy and Equality (UCDE) - took to streets on Wednesday outside the University of Mumbai's Kalina campus. While ...Hindustan Times, 1 month ago
Russian state-owned oil major Rosneft has confirmed its intention to buy 49 per cent equity of Shashi-Ravi Ruia-owned Essar Oil. According to a press statement on the Rosneft website, the Russian company will also start deliveries of crude oil to ...Hindu Business Line, 2 months ago Rosneft of Russia to acquire 49% stake in Essar Oil MotorIndia, 1 month ago Essar Oil in talks with Rosneft for stake sale? India Infoline, 2 months ago Rosneft may buy 49% of Essar Oil; talks on with trading cos to sell 25% more Economic Times, 2 months ago
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Ruia-owned Essar Steel has prepared a plan to double earnings before interest, taxes, depreciation and amortisation (Ebitda) margins at its domestic operations to 18-20 per cent in FY17, by way of reducing dependency on natural gas, a major input ...Smart Investor, 2 months ago Tata Steel is wise to play to its home advantage Hindu Business Line, 1 month ago Essar Steel said to draw takeover interest from Tata Steel, JSW Steel Livemint.com, 2 months ago
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