essar in A Sentence

At its height, Essar's shipping operations counted nearly 60 vessels;

Essar's total investment in the UK now stands at US $1 billion.

The remaining 5 percent is in the hands of two private companies Reliance and Essar.

Rula has played a critical role in steering the Essar Group to its pre-eminent position.

An Essar executive, however, said that none of the promoters of Essar Steel had bid for the company.

Closer to home, Essar also targeted its power generation operation for growth into the second half of the decade.

Brothers Shashi and Ravi Ruia suffered a drop as their Essar Steel faced bankruptcy proceedings under India's stricter new law,

In 2003, for example, Essar won a $29 million contract to build a water supply system in the Rajasthan region.

Essar Global has repaid its last tranche of debt of Rs 12,000 crore to its various Indian and foreign lenders.

Essar Global Fund Limited has replayed its last tranche of Rs 120 billion debt to its Indian and foreign lenders.

Recently, Essar Mahan power plant of 600 MW unit at Mahan project has resumed commercial production after a gap of 17 months.

The total outstanding of the banks on Essar Steel is Rs 49,395 crore, while ArcelorMittal has bid to pay Rs 41,987 crore.

By the beginning of 2006, Essar Group had announced its intention to expand its power generation capacity to 2,500 MW by 2010.

Rosneft and its partners had in August last year completed $12.9 billion acquisition of Essar Oil to enter the world's fastest-growing energy market.

Indus is the proud recipient of“Best Infrastructure Project in Telecom”, a project under the category of Telecom at the Essar Steel-CNBC Infrastructure Excellence Awards 2010.

Ravikant Nand Kishore Ruia(born April 1949) is an Indian billionaire businessman, and the vice-chairman of Essar Group, co-founded in 1969 with his brother Shashi Ruia.

(All this in Goa, where activists and journalists were uncovering massive illegal mining scandals, and Essar's part in the war unfolding in Bastar was emerging.).

A subsidiary of Essar Global has separately offered Rs 54,389 crore, which provides a full repayment to the secured lenders as well as the operational creditors.

The court said it will conduct detailed hearing on the contentions made in the appeal and also look into the issues emerging from the Essar verdict.

Essar Shipping is India's second largest private sector shipping company, which has the youngest fleet in the country with a combined deadweight tonnage of 1.12 million.

Both of these say that the business interests of business lenders lending Essar to the interests of the business have been abandoned in this acquisition plan.

Ranjeet Singh, who has been the Chief Executive Officer of Essar Shipping since September 2016, said,“momentum seen in global shipping freight market will also benefit Indian shipping companies”.

Essar Steel's financial lenders(banks and financial institutions) accepted ArcelorMittal proposal to buy the acquisition of this company for a loan of about Rs 42,000 crore in the last month.

Another major deal was the Russian state-owned oil giant Rosneft acquiring 49% controlling stake of Essar Oil, including the refinery and port at Vadinar, at a cost of $12.9 billion.

This latest expansion of its UK interests means Essar has now invested nearly $1bn in building a profitable and sustainable UK business, since first acquiring the Stanlow Manufacturing Complex in July 2011.

Sources disclosed that Reliance Industries Ltd, BP plc of UK, Kuwait Petroleum, Petronas of Malaysia, the Shell-Saudi Aramco combine and Essar Oil have expressed their interest in acquiring that stake in BPCL.

In response to the claims, the Group said:"Essar Group is always looking at a range of different funding options but has not yet made any specific decisions with regards to its future financing.".

In another petition, GETCO has demanded to include its total outstanding 896.52 crore rupees on Essar Steel and said that if the entire dues are not given, then the solution plan of ArcelorMittal should be dismissed.

Essar Steel, with debts from banks worth nearly 500 billion rupees($7.01 billion), was among the so-called dirty dozen- twelve large steel and other infrastructure companies which defaulted and were referred to India's bankruptcy court in 2017.

Showing 1 to 30 of 36 results

essar in A Sentence

At its height, Essar's shipping operations counted nearly 60 vessels;

Essar's total investment in the UK now stands at US $1 billion.

The remaining 5 percent is in the hands of two private companies Reliance and Essar.

Rula has played a critical role in steering the Essar Group to its pre-eminent position.

An Essar executive, however, said that none of the promoters of Essar Steel had bid for the company.

Closer to home, Essar also targeted its power generation operation for growth into the second half of the decade.

Brothers Shashi and Ravi Ruia suffered a drop as their Essar Steel faced bankruptcy proceedings under India's stricter new law,

In 2003, for example, Essar won a $29 million contract to build a water supply system in the Rajasthan region.

Essar Global has repaid its last tranche of debt of Rs 12,000 crore to its various Indian and foreign lenders.

Essar Global Fund Limited has replayed its last tranche of Rs 120 billion debt to its Indian and foreign lenders.

Recently, Essar Mahan power plant of 600 MW unit at Mahan project has resumed commercial production after a gap of 17 months.

Recently, Essar Mahan power plant of 600 MW unit at Mahan project has resumed commercial production after a gap of 17 months.

The total outstanding of the banks on Essar Steel is Rs 49,395 crore, while ArcelorMittal has bid to pay Rs 41,987 crore.

By the beginning of 2006, Essar Group had announced its intention to expand its power generation capacity to 2,500 MW by 2010.

Rosneft and its partners had in August last year completed $12.9 billion acquisition of Essar Oil to enter the world's fastest-growing energy market.

Indus is the proud recipient of“Best Infrastructure Project in Telecom”, a project under the category of Telecom at the Essar Steel-CNBC Infrastructure Excellence Awards 2010.

Ravikant Nand Kishore Ruia(born April 1949) is an Indian billionaire businessman, and the vice-chairman of Essar Group, co-founded in 1969 with his brother Shashi Ruia.

(All this in Goa, where activists and journalists were uncovering massive illegal mining scandals, and Essar's part in the war unfolding in Bastar was emerging.).

A subsidiary of Essar Global has separately offered Rs 54,389 crore, which provides a full repayment to the secured lenders as well as the operational creditors.

The court said it will conduct detailed hearing on the contentions made in the appeal and also look into the issues emerging from the Essar verdict.

Essar Shipping is India's second largest private sector shipping company, which has the youngest fleet in the country with a combined deadweight tonnage of 1.12 million.

Both of these say that the business interests of business lenders lending Essar to the interests of the business have been abandoned in this acquisition plan.

Ranjeet Singh, who has been the Chief Executive Officer of Essar Shipping since September 2016, said,“momentum seen in global shipping freight market will also benefit Indian shipping companies”.

Essar Steel's financial lenders(banks and financial institutions) accepted ArcelorMittal proposal to buy the acquisition of this company for a loan of about Rs 42,000 crore in the last month.

Another major deal was the Russian state-owned oil giant Rosneft acquiring 49% controlling stake of Essar Oil, including the refinery and port at Vadinar, at a cost of $12.9 billion.

This latest expansion of its UK interests means Essar has now invested nearly $1bn in building a profitable and sustainable UK business, since first acquiring the Stanlow Manufacturing Complex in July 2011.

Sources disclosed that Reliance Industries Ltd, BP plc of UK, Kuwait Petroleum, Petronas of Malaysia, the Shell-Saudi Aramco combine and Essar Oil have expressed their interest in acquiring that stake in BPCL.

In response to the claims, the Group said:"Essar Group is always looking at a range of different funding options but has not yet made any specific decisions with regards to its future financing.".

In another petition, GETCO has demanded to include its total outstanding 896.52 crore rupees on Essar Steel and said that if the entire dues are not given, then the solution plan of ArcelorMittal should be dismissed.

Essar Steel, with debts from banks worth nearly 500 billion rupees($7.01 billion), was among the so-called dirty dozen- twelve large steel and other infrastructure companies which defaulted and were referred to India's bankruptcy court in 2017.

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