Essar Group
News and overview for Essar Group
Essar plans to consolidate its Africa ops
Financial Express (India), The | 6 days 5 hours 40 minutes ago
The Essar Group on Sunday announced that it would pick up stake in the Uganda and Congo operations of the Abu Dhabi-based Dhabi Group. The enterprise valuation of the Uganda and Congo operations is valued at $318 million. With this announcement Essar would now have footprint in three African countries.
Essar picks up majority stake in Warid Telecom
Financial Express (India), The | 6 days 15 hours 49 minutes ago
New Delhi : Ruias-owned Essar group announced acquisition of majority stake in Dhabi Group's Warid Telecom operation in Uganda and Congo, a move that would further strengthen Indian firms' presence in South Africa.
Essar arm NCDs raise Rs 4,280 cr
Financial Express (India), The | 30 days 9 hours 14 minutes ago
ETHL Communications Holdings Ltd, a unit of the $15-billion Essar Group, on Thursday said it had completed raising Rs 4,280 crore by issuing rated, listed, zero-coupon, non-convertible debentures (NCDs) through private placement. The diversified Essar Group, which has a presence in steel, energy, power, communications and shipping, is expected to use the funds for expansion and acquisitions abroad.
Essar Oil in talks till month-end to buy Shells refineries
Financial Express (India), The | 18 days 16 hours 22 minutes ago
Essar Oil today said it has time till month end to conclude talks for acquisition of Royal Dutch Shells three refineries in Europe.
Essar Power, Hindalco may set up coal mining JV in MP
Financial Express (India), The | 19 days 28 minutes ago
A grand alliance of sorts is in the making between Aditya Birla Group company Hindalco and Essar Power in the development of the Mahan captive coal mine in Madhya Pradesh. In fact, the proposal for the formation of a joint venture has been mooted by the union coal ministry.
Shell in talks to by 10 pct of Essar Oil-report
Reuters | 1 day 44 minutes ago
MUMBAI, Nov 21 (Reuters) - Royal Dutch Shell (RDSa.L) is in talks to buy 10 percent of India's Essar Oil (ESRO.BO) as part of a deal where it would sell three European refineries to the Indian firm, the Economic Times reported on Saturday, citing people with knowledge of the plans.
i2 Customers Essar Steel, Fairchild Semiconductor and Kimberly-Clark Win Ken Sharma Award of Excellence [Press Release]
Business Wire | 11 days 17 hours 32 minutes ago
i2 Technologies, Inc. (NASDAQ:ITWO) and the i2 User Group today announced Essar Steel, Fairchild Semiconductor and Kimberly-Clark as the global winners of the Ken Sharma Award of Excellence. The annual award, which pays tribute to i2’s late co-founder Ken Sharma and is open to hundreds of i2 customers worldwide, recognizes companies that have made outstanding advancements in supply chain management through deployments of i2 solutions.
Essar to Buy Stake in Dhabi Group's Africa Telecom Assets
Wall Street Journal, The | 6 days 43 minutes ago
BANGALORE -- India's Essar Group has agreed to buy a majority stake in the United Arab Emirates-based Dhabi Group's telecommunications assets in Uganda and the Republic of Congo, the two companies said in a joint statement Sunday.
India's Essar to buy Dhabi Group's Africa telco assets
Reuters | 6 days 14 hours 44 minutes ago
NEW DELHI, Nov 15 (Reuters) - India's Essar Group has agreed to buy a majority stake in Dhabi Group's telecommunication businesses in African nations Uganda and Congo, the Indian energy-to-steel conglomerate said in a statement on Sunday.
Essar to buy stake in Dhabi Group's African telecom assets
Total Telecom Magazine (U.K.) | 5 days 21 hours 42 minutes ago
Indian group expands footprint in Africa through Uganda, Republic of Congo deal.
BUSINESS NOVEMBER 16, 2009, 1:05 A.M. ET Essar to Buy Stake in Dhabi Group's Africa Telecom Assets
Barron's (subscription required) | 6 days 1 hour 32 minutes ago
BANGALORE -- India's Essar Group has agreed to buy a majority stake in the United Arab Emirates-based Dhabi Group's telecommunications assets in Uganda and the Republic of Congo, the two companies said in a joint statement Sunday.
Essar Considers Selling Stakes in Oil, Shipping Units in Global Expansion
Bloomberg | 45 days 53 minutes ago
Oct. 8 (Bloomberg) -- Essar Group, which runs India's second-largest private refiner, may sell stakes in its oil and shipping units as part of a global expansion plan, said Prashant Ruia, the group's chief executive officer.
Essar completes buyout of Shree Precoated
Financial Express (India), The | 10 days 1 hour 13 minutes ago
Ruias-promoted Essar Steel today said it has completed the acquisition of steel assets of Shree Precoated Steels of the Ajmera Group, at a consideration of about Rs 1,200 crore.
Essar completes buyout of steel assets of Shree Precoated
Financial Express (India), The | 10 days 17 hours 31 minutes ago
Ruias-promoted Essar Steel today said it has completed the acquisition of steel assets of Shree Precoated Steels of the Ajmera Group, at a consideration of about Rs 1,200 crore.
Patni Q3 Revenues up 3.3% at $167.2 million Net Income* up 24.5% QoQ [Press Release]
Business Wire | 21 days 17 hours 1 minute ago
Patni Computer Systems Limited (Patni) today announced its financial results for the third quarter ended 30th September 2009.
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Company Overview
| Company: | Essar Group |
|---|---|
| Industry: | Steel Production |
| Website: | http://www.essar.com |
The Essar Group is as strong as steel, as slick as oil, and on the go over sea and the airwaves. One of the largest corporations in India, the conglomerate's holdings include the country's first independent power plant and its first private steel plant. Other operations include construction, oil and gas production, and telecommunications. Controlled by the Ruia family, which has been in business since the 1800s, the Essar Group was founded by Nand Kishore Ruia and passed to his sons Shashi and Ravi after his death in 1969. The company is the Indian ownership interest in Vodafone Essar (formerly Hutchison Essar), a wireless joint venture with UK wireless company Vodafone.
Key Numbers
| Sales in U.S. Dollars (mil.) | 0 () |
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| One-year % Growth in Sales | 0.0 () |
| Net Income in U.S. Dollars (mil.) | 0 () |
| One-year % Growth in Net Income | 0.0 () |
| Number of Employees | 0 (0) |
| One-year % Growth in Number of Employees | 0.0 (0) |
| Fiscal Year-End |