Indian Essar group (Essar) is planning to spend about US$275 million to set up a ten million ton port in Mozambique. The port will facilitate exports from Zisco, a Zimbabwe based company Essar acquired in 2010 with 56% stake that cost ...
Tags: Essar, Mozambique, exports
Reportedly, Essar Group, a multinational corporation in India will invest US$125 million in its cold rolled coil (CRC) production capacity and aim to lift the annual capacity to 700,000 tons. Mr. KB Trivedi, the president director and ...
Tags: Essar Group, India, cold rolled coil
Business Line reported that Essar Ports is the lone bidder for the INR 3,700 crore mega container terminal project at Chennai port.It has offered a revenue share of 5.25%for the project,slightly above the 5%Adani Ports offered in the ...
Tags: Essar Ports, Chennai port, revenue share
Business Line reported that the fate of BOT berths to be built at Paradip port by way of PPP to handle iron ore and coal continues to be uncertain. The concession agreements between the successful bidders and the port authorities for ...
Tags: BOT berths, Paradip port, iron ore, coal
Mobility and security hardly go hand-in-hand. But not at the Essar Group. In fact, for this Indian, multinational conglomerate, security was the stepping stone to enterprise mobility and a vibrant BYOD environment. What got the ball ...
Tags: Meridian Infotech, electronical development, wireless solution, security
Operations at New Zim Steel are expected to resume next month after Cabinet guaranteed the investor that the initial deal signed between the Government and Essar Group stands. This brings relief to over 3 000 workers who have gone for ...
Tags: New Zim Steel, Essar Group, resume, pay the workers, mining
PTI reported that Essar Shipping is planning to convert around INR 800 crore of total INR 5,500 crore debt into dollar loans to bring down the interest burden. Mr AR Ramakrishnan MD of Essar Shipping said that "We are planning to convert ...
Tags: interest burden, financing cost, domestic and foreign banks
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
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 ...
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