Ruias to delist Essar Steel, Essar Oil

Ruias-controlled Essar group on Thursday said it will delist its two steel and oil arms from stock exchanges to gain more flexibility in running the companies. Essar Steel Holdings Ltd and Essar......

Essar Steel buys out Stemcor

Essar Steel has bought out Stemcor of the UK from two companies -- Hy-Grade Pellets and Steel Corporation of Gujarat -- for $ 450 million (around Rs 1,950 crore).The acquisition will make Essar......

Essar Steel clears UTI's debt

Riding high on upswing in the steel sector, Essar Steel has repaid entire Rs 927 crore (Rs 9.27 billion) debt of Unit Trust of India.About Rs 700 crore (Rs 7 billion) were paid out of internal......

Now, Essar Steel forays into defence manufacturing sector

Essar Steel aims to participate in the indigenisation of products used in naval defence Essar Steel has forayed into high-growth defence manufacturing sector by developing steel grades which find......