Ahmedabad: Industries across India are rapidly adopting LNG (Liquefied Natural Gas) transportation as a powerful solution to combat climate change. It is driven not only by environmental concerns but also by economic benefits. GreenLine Mobility Solutions Ltd., a subsidiary of Essar with a fleet of over 300 LNG-powered trucks, is working for decarbonising heavy trucking, curbing harmful emissions, enhancing ESG (Environmental, Social, and Governance) performance, and capitalising on economic ...Read More

જામનગર: એસ્સાર ગ્રુપના સેવાકીય ટ્રસ્ટ એસ્સાર ફોઉન્ડેશન દ્વારા કજુરિયા પાટિયા ખાતે " દ્વારિકા પદયાત્રા સેવા કેમ્પ"નું આયોજન કરવામાં આવ્યું છે. ફૂલડોલ ઉત્સવમાં ભાગ લેવા દ્વારિકા જઈ રહેલા હજ�...Read More

Ahmedabad: Essar signed three Memorandums of Understanding (MOUs) with the Government of Gujarat for a total investement of Rs 55,000 crore ahead of the Vibrant Gujarat Global Summit 2024. This initiative aims to create over 10,000 job opportunities. On the signing of the MoU, Mr. Prashant Ruia, Director at Essar Capital, commented, “Gujarat has consistently been at the forefront of Essar's strategic investments. We are delighted to further contribute to the state's economic progress with a...Read More

Gandhinagar: Gujarat Chief Minister Bhupendra Patel is scheduled to visit Japan and Singapore from November 25 to December 2. The CM will lead a delegation of over 17 industrialists during this visit to promote the Vibrant Gujarat Global Summit 2024, scheduled to be held in January 2024. Pankaj Patel, Chairman of Zydus Lifesciences Ltd, Karan Adani, & Sagar Adani of Adani Group, Dhanraj Nathwani, Group President of Reliance Industries Limited, Anshuman Ruia, Director of Essar Group, and s...Read More

Hazira-Surat: ArcelorMittal Nippon Steel India (AM/NS India or the Company) – a joint venture between ArcelorMittal and Nippon Steel, two of the world’s leading steelmakers – today announced that it has reached definitive agreement to acquire port, power and other logistics and infrastructure assets in India from the Essar Group for a net value of approximately US$2.4 billion. The transaction is expected to be funded only by AM/NS India. The company stated in its release to media that: T...Read More

Gandhinagar: Congress party has alleged that the plot in Hazira of Choryasi taluka in Surat district which was leased for 99 years, has been illegally sold to the Essar Steel. The press conference of Congress was presided by the INC’s whip and MLA from Gandhinagar North C.J. Chavda and Deputy Leader of Opposition and Danilimda Congress MLA Shaileh Parmar. As per the press release, barren landmass area of 96, 417 sq. mt. of block no. 355 and 1,28, 488 sq. mt. of block 358 in Hazira of Chorya...Read More

Ahmedabad: The Ahmedabad bench of National Company Law Tribunal (NCLT) today cleared steel major ArcelorMittal's Rs 42,000 crore resolution plan for debt ridden Essar Stee'sl takeover. The L N Mittal led ArcelorMittal was trying to acquire bankrupt Essar Steel , which has a 10MTPA steel plant in the western state of Gujarat, since 2017.Committee of Creditors in October last year but was challenged before the National Company Law Appellate Tribunal (NCLAT) which had directed the NCLT Ah...Read More

Mumbai: Essar Oilfields Services India Limited (EOSIL) today announced that it has been awarded a Rs 28-crore contract by Gas Authority of India Limited (GAIL) to drill three firm plus two optional wells in Gujarat’s Cambay basin. Drilling for the project is expected to commence in April-May 2018. Mr Rajeev Nayyer, CEO, EOSIL, said: “This contract is the fourth that we have signed this fiscal with clients like GAIL, ONGC, Oil India and Mercator Petroleum. With projects in the pipeline...Read More

Mumbai: Essar Ports Limited (EPL) today said that its investment of over Rs 2,800 crore in its Salaya and Vizag terminal projects has the potential to increase the company’s revenues by 30% in FY2018-19 on the back of third-party cargo growth. Mr Rajiv Agarwal, CEO-EPL, said: “The two fully integrated and automated facilities at Salaya and Vizag further the goal of port-led development set by the Government of India and our Hon’ble Prime Minister Shri. Narendra Modi. It is also a manife...Read More

Mumbai/Ahmedabad: Essar Oilfields Services (India) Limited (EOSIL) today announced that it has commenced a contract awarded by Mercator Petroleum to drill two firm oil wells and one optional oil well in the Cambay Basin. With the company commencing a few other drilling contracts in this fiscal, EOSIL is expecting to clock revenues of $48 million in this fiscal. The Cambay rift Basin, a rich Petroleum Province of India, is a narrow, elongated rift graben, extending from Su...Read More