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Ruias to sell Essar Steel stake to strategic partners

Following intense pressure from banks to repay loans, the Ruia-owned Essar Steel has appointed ICICI Securities and SBI Capital Markets as advisers to help it identify and induct strategic or......

1839 hectares of forest land in Odisha given to 15 industries

Posco, Essar Steel, JSPL are among the major beneficiaries.Forest land measuring 1838.79 hectares (ha) has been diverted for 15 industrial projects in Odisha between 2004 and 2013. A written reply......

Naxal activities dent businesses of India's steel companies

Essar’s business of transporting iron ore from Chhattisgarh has been cut to about half its capacity, with Naxal activities casting a shadow on these operations.About two years after Naxalites......

Funding Naxals: Essar Steel GM arrested

J S Verma, general manager of Essar Steel, was on Tuesday arrested for allegedly conspiring in funding Naxal groups in Dantewada area of Chhattisgarh. Verma is the third person to be arrested in......

Zisco to propel Essar Steel into 20-mn-tonne club

Six months after buying a majority 60 per cent stake in Zimbabwean steel company Zisco, Essar Steel is now keen to build on Zisco's foundation and ramp up the existing infrastructure.According to......
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Essar Steel banks on investor to pare debt

The past two years have seen Essar Steel take several steps to look like a healthier version of itself. After reporting a net loss of Rs 1,054... ...
Essar Oil simmers as delisting date approaches

Related to : Essar Oil Ltd Essar Oil Ltd BSE 27 Nov 15 | 12:53 PM 207.70 -1.85 (-0.88%) NSE 27 Nov 15 | 12:44 PM 207.50 -2.35... ...
Iron ore import becomes viable after a gap of three months

Sharp fall in global markets coupled with steep decline in Baltic Dry Index lure steel mills to import Dilip Kumar Jha | Mumbai November 25, 2015... ...
Is the House of Debt crumbling?

Highly leveraged companies have been going through a tough time since the financial crisis in 2008, with some already collapsing under its weight.... ...
Two Maoists, 10 Militia Members Surrender

VISAKHAPATNAM: A woman among two Maoists, carrying cash rewards of over `1 lakh on their heads, and 10 militia members surrendered before the rural... ...

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