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Press Releases
Essar Steel agrees to acquire Esmark Inc. for an enterprise value of appox.
USD 1.1 Billion (Approx.Rs.4500 Cr.)

May 01, 2008
Essar acquires strategic stake in Obopay Inc.
April 28, 2008
Aegis to Acquire AOL’s India Call Centre Operations
March 31, 2008
Essar bags an E&P block in Vietnam; to invest USD 60 million
March 04, 2008
Essar Shipping registers a 21% growth in its Total Income & 37% in EBITDA
February 04, 2008
Essar Oil commissions all the processing units; To consolidate exploration & production business
January 29, 2008
Essar to Form End to End Logistics Company. BSE Listed Essar Shipping Limited to Be Transformed into Flagship Logistics Company covering Ports, Logistics, Bulk Marine Transport and Oilfield Services
January 23, 2008
Essar acquires 50% stake in Kenyan Refinery
January 15, 2008
Essar’s Telecom Business in Strategic Tie-up with Econet Wireless
January 11, 2008
Essar Shipping & Logistics orders six Mini Cape Bulk Carriers at a cost of USD 390 million .
December 10, 2007
Essar Oil to expand refinery capacity to 34 million tonnes per annum at a cost of approx. US$ 6 billion
November 16, 2007
Aegis announces yet another acquisition;
Set to become a US$ 500 million company in the next two years

November 14, 2007
Essar Steel registers highest EBIDTA and sales volume growth; EBIDTA rises by 35% at Rs. 1252.07 cr. and sales volume by 25% at 16.26 lakh tonnes for the half year ended September 30, 2007
October 31, 2007
Essar Shipping Total Income at Rs 245.48 crore.
October 31, 2007
Essar Global Completes Minnesota Acquisition
October 24, 2007
Naresh Nayyar appointed CEO of Essar Energy Holdings Limited
October 15, 2007
Text of the Chairman Speech delivered at the Seventeenth Annual General Meeting of Essar Oil Ltd.
September 29, 2007
Text of the Chairman Speech delivered at the Thirty first Annual General Meeting of
Essar Steel Ltd.
September 28, 2007
Text of the Chairman Speech delivered at the Thirty-first Annual General Meeting of
Essar Shipping Ltd.

September 25, 2007
Essar Shipping & Logistics Limited places order for Six new Supramax Bulk carriers worth USD 210 million
September 25, 2007
Essar bags Rs 186-crore, 504-km pipeline project
September 20, 2007
J Mehra appointed Chief Executive Officer, Essar Steel Holdings Ltd.
August 17, 2007
Essar Steel's total income at Rs. 2827 crores up by 48%; Net profit at Rs. 231 crores up by 462% for the quarter ended June 30, 2007
July 31, 2007
Essar Shipping Limited records a net profit of Rs. 71.15 Crores (USD 17.34 million) for the Quarter ended 30th June 2007
July 30, 2007
Essar Steel posts revenues of Rs. 9019 crore
Completes capacity expansion to 4.6 million tpa
June 29, 2007
Essar Shipping net up by 22% at Rs. 38.20 crore for quarter ended March 31, 2007
June 29, 2007
Essar Global Completes Algoma Acquisition
June 21, 2007
Alain Davezac joins Essar Global as Executive Vice President - Strategic Planning, Mergers, Acquisitions and Alliances.
June 18, 2007

Comments of Mr. Ravi Ruia, Vice Chairman, Essar Group on complition of acquisition of HTIL's stake in Hutchison Essar Limited by Vodafone.
May 09, 2007

Essar Oilfields to set up presence at Dubai Maritime City
Regional entity of top Indian conglomerate Essar Group to boost profile of the world's largest maritime complex
April 28, 2007
Essar Global to acquire Minnesota Steel; invest USD 1.65 billion to build an integrated steel plant
April 18, 2007
Essar Global to acquire Algoma Steel for Canadian $1.8 billion (Approx. USD1.58 billion)
April 16, 2007
  
News Room
Essar Global Plans to Spend $2 Billion on Oil Fields
Bloomberg, October 05, 2007
Essar Oil Plans Test Well Drilling At Ranigunj Block
Business Line, October 05, 2007
Essar strikes oil again in Gujarat
Financial Express, July 18, 2007
Essar sets up 80 steel hypermarts
Financial Express, July 17, 2007
Essar's Jamnagar refinery to reach full capacity in Sept.
Business Standard, June 12, 2007
Essar supplies LPG, kerosene for PDS outlets
Economic Times, April 03 , 2007
Essar Power firms up Rs 13K cr investment for 11th Plan period
Financial Express, February 28, 2007
Essar Oil to commission Vadinar refinery in 15 days
Business Line - November 10, 2006
Essar delists BPO subsidiary Aegis in consolidation move.
Economic Times, November 08, 2006
Essar to raise $530 mn, pledges Hutch stake part
Business Standard - October 05, 2006
Oil to account for half of Essar's sales
Business Standard - October 03, 2006
Essar Oil's First Crude Consignment Arrives In Gujarat ; Refinery is expected to be commissioned in phases
Business Line - September 23, 2006

Essar brings crude to fire up refinery next month
Times of India - September 23, 2006

Essar ups holding in steel to 87%
Business Standard, September 21, 2006
Essar to set up Rs 15k cr refinery in Jamnagar SEZ
Economic Times, August 28 , 2006
Hindalco-Essar coal JV to start production in Dec
Economic Times, July 31, 2006
Ruias seek to invest $500m in Hutch Essar
Economic Times, July 28, 2006
Essar to bring all holdings under overseas umbrella
Economic Times - July 08, 2006
Essar pays $850 mn to up stake in 2 firms
Business Standard - July 01, 2006

Essar to spend $1.5b on Mideast steel plants
Gulf News - July 01, 2006

India’s Essar Steel to invest $1.4bn on second steel plant in Gujarat
Metal Bulletin - June 29, 2006
Essar close to tying up funds for Hazira unit
Business Standard - June 24, 2006
Essar gets LoI for STD and ISD, but HEL still on hold
Economic Times - June 17, 2006
Essar Shipping to recast terminal, logistics biz
Financial Express - June 04, 2006
Essar, Marubeni in race for 600 mw Indonesia project
Business Standard, May 18, 2006
SEZzling: Essar to set up Rs 15k-cr zone in Guj
Economic Times - May 16, 2006
Essar to set up Rs 1,500-cr plate mill at Hazira
Economic Times - May 15, 2006
Essar, German firm may tie up for wind turbine sets
Business Standard, May 13, 2006
Essar eyes Nigerian refinery
Business Standard - May 11, 2006
Essar Steel starts iron ore slurry pipeline
Business Standard, March 10, 2006
Major Rejig At Hutchison essar; Ruias Up Stake
Business Line, March 2, 2006
Essar to kick off Gujarat refinery phase-I in July ; Move will help company ramp up its retail fuel business.
Business Standard - January 13, 2006
Essar to offer STD, ISD services
Times of India - December 5, 2005
Ratnagiri Oil Field Production by 2006-end: Essar
Business Line - November 17, 2005
Essar buys Nambiar out of BPL for Rs 125 cr
Business Standard - September 13, 2005
Essar to buy two Korean steel units
Business Standard - September 06, 2005
Essar's CR mill to boost supply of auto grade steel
Economic Times - September 05, 2005
Essar's Cold Rolling Unit On Stream
The Hindu - September 04, 2005
Essar Steel's CR Mill Goes On Stream
Business Line - September 04, 2005
Essar rolling mill flagged off
Business Standard- September 03, 2005
Essar Steel buys out Stemcor
Business Standard - June 09, 2005
Essar Steel acquires 2 firms from UK-based Stemcor
Economic Times - June 09, 2005

 

 
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