Financial Express reported that the Essar Steel, which is reeling under a debt burden of INR 23,500 crore, has asked its board to explore the possibilities of raising up to INR 3,000 crore via convertible debt instruments from domestic and ...
Tags: Essar Steel, debt burden, domestic and overseas markets
Essar Ports Ltd, a Ruia owned unit of the USD 17 billion Essar group, which was earlier known as Essar Shipping Ports and Logistics Ltd, plans to concentrate on expanding its existing ports. Mr Rajiv Agarwal MD of Essar Port Ltd said that ...
Tags: container ports, steel plate, inr indian rupee, coal terminals
Government has repossessed Mwanesi iron ore deposits in Chivhu paving way for Essar Africa Holdings to resume operations at NewZim Steel. The deposits were subject to a legal wrangle as a former Zisco employee Mr Roderick Mumbire ...
Tags: iron ore deposits, operations, steel, investment
Essar Steel India has successfully supplied 9000T of high quality steel plates for a subsea tankage project being executed in the North Sea for Premier Oil, UK by Dry Docks World Dubai. The plates will be used in building oil & gas ...
Tags: carbon steel tanks, buy steel pipe, steel supplies, steel plate
PTI reported that at least a couple of Indian steel makers have raised the price of flat products by up to INR 1,500 per tonne since December 1st to align the domestic price with landed import costs, now hovering between INR 35,000 tonne to ...
Tags: steel, hot rolled coil, flat product, metal
Indian Times reported that Essar Oil, one of the key Indian clients of Iran, imported about 30% more oil from the nation in October compared with September and made rare purchases of Oriente grade from Ecuador. Essar has renewed its term ...
Tags: oil heating prices, crude oil futures, oil delivery, petroleum oil
INDIAN firm Essar recently sought clarification from government on whether it would transfer iron ore claims necessary for the finalisation of the takeover of troubled steelmaker, Zisco. The move by Essar came after Mines and Mining ...
Tags: iron ore price news, jobs in mining, zimbabwe, mining
Steel companies that have entered into MoU with the Odisha government have generated direct employment for 27,690 people. Mr Rajani Kant Singh minister of steel&mines said that of this 19,304 jobs have gone to persons within the state ...
Tags: MoU, steel, employment, mines
Business Standard cited Mr Sushim Banerjee director general of INSDAG as saying that iron ore shortage will hit the industry hard but the steel industry did not pay attention to beneficiation or pelletization, which could enable it to use ...
Tags: Iron Ore Shortage, pelletization, beneficiation, ore's grade, Iron Ore
PTI reported that Essar Energy plc, an India focused integrated energy company, reported a 18% rise in core earnings in the 6 months ended September 30th 2012 on back of its British Stanlow refinery turnaround. The London listed firm said ...
Essar Steel Algoma Inc provide the following corporate update. The Board of Directors has initiated a search for a new Chief Executive Officer. Mr Kalyan Ghosh CCO will continue to serve the Company as Chief Executive Officer on an ...
Essar Steel Algoma, an integrated primary steel producer in Canada posted loss of US$88.40 million for the third quarter of this year, caused by high input costs and dropped selling prices. In the third quarter, the firm's selling ...
Tags: steel producer, steel input costs, Canada steel producer
PTI reported that Indian government has not come across any demand from domestic steel makers for removing steel from the purview of free trade agreements with Japan and South Korea or imposing ban on imports from the 2 countries. Mr ...
Tags: FTA, JSW Steel, Essar Steel
Business Standard reported that more clarity on talks to refinance loans for oil, steel, shipping and ports entities to emerge in a month or two; external commercial borrowing refinance a prime tool. With a combined debt of close to INR ...
Tags: Essar Group, debt burden, refinance loan, oil, steel
IDG News Service-Marten Pieters,MD&CEO,Vodafone Essar,says IT has helped the company serve more customers,conquer rural India,and make Vodafone India's second largest mobile service provider. CIO:What do you think of the low tariff rates ...