Essar Group is an Indian multinational conglomerate with investments in the sectors of steel, energy (oil & gas and power), infrastructure (ports, projects & concessions) and services (shipping, telecom, realty and outsourcing and technology solutions). With operations in more than 25 countries across five continents, Essar employs over 73,000 people and has revenues of $39 billion
Essar is the Country’s largest E&P player in the unconventional space.
Target to produce CBM at the rate of 2 million scm per day by FY16-17 and 3 million scm per day by mid FY2017-18 from Raniganj (East) Block.
Cumulative investments of Rs. 3,300 crores in Raniganj ... (more)
Essar Projects, a leading Engineering Procurement & Construction (EPC) company, today announced that it has bagged the contract for replacing 141 km of pipeline of 18-inch diametre in the Koyali-Viramgam section of Indian Oil Corporation’s (IOCL) Koyali-Sanganer pipeline. The contract is ... (more)
Essar Steel India Limited (EStIL) has recorded a significant 48% quarter-on-quarter growth in flat steel production in the first quarter of the current fiscal. The total production stood at 1.22 million tonnes, compared to 0.824 million tonnes in the corresponding period last year. Pellet productio... (more)
Essar Energy Overseas Limited (Essar Energy) today announced that it will sell its 50 percent stake in Kenya Petroleum Refineries Ltd (KPRL) to the Government of Kenya (GoK). The two entities, along with Essar Energy Holdings Limited, have entered into an agreement on the transfer of shares.
... (more)
Essar today announced that its Raniganj (East) Block in West Bengal has become India’s first CBM (Coal Bed Methane) asset to cross the 1 million SCMD (Standard Cubic Metres per Day) production milestone. This makes Essar the country’s largest unconventional gas player. The targeted plat... (more)
Q3FY15 Highlights
Gross revenues at Rs 22,220 crore, vs Rs 27,385 crore in Q3FY14
Throughput at 5.19 MMT Vs 4.86 MMT in Q3FY14
Current Price Gross Refining Margin (CP GRM) at $7.00 /bbl Vs $7.93/bbl in Q3FY14
EBITDA at Rs 1,255 crore vs Rs 1,202 c... (more)
- Essar Global exits its investment in Essar Telecommunications Kenya Limited, (“yuMobile”)
- The total deal value of the transactions is approximately USD 120 million.
- Deal is part of Essar Global Fund Limited’s (EGFL) strategy to monetise global telecomm... (more)
