news topics: energy

New Delhi: Raniganj coal bed methane (CBM) block of Essar Oil & Gas Exploration & Production Ltd (EOGEPL) in West Bengal can generate annual revenue in a range between Rs 1,700 crore and Rs 1,800 crore at peak production levels, Managing Director and Chief Executive Officer Vilas Tawde said. The Raniganj CBM field has 350 […]

ETEnergyworld We are eagerly waiting for the commissioning of the Urja Ganga pipeline for sale of our entire gas to GAIL as per our gas sales and purchase agreement with them, said Tawde Mumbai-based Essar Oil & Gas Exploration & Production Ltd (EOGEPL) will soon evacuate gas from the Raniganj block through GAIL’s Urja Ganga […]

Mauritius, 03 April 2020: ESSAR EXPLORATION & PRODUCTION LIMITED MAURITIUS (“Essar”), has filed a claim in the High Court of Justice, Business and Property Courts of England & Wales in respect of SHORELINE CANOVERSEAS PETROLEUM DEVELOPMENT CORPORATION LIMITED’s (ShoreCan) repudiatory breach of a Share Purchase Agreement between Essar and ShoreCan dated 17 August 2015, (the “SPA”), […]

We are happy to share with you that Mr Faysal Hamza has joined us as Chief Executive Officer and Board Member of Essar Exploration & Production Ltd Mauritius (EEPLM), which is the oil & gas exploration & production arm and one of the key portfolio companies of Essar Global Fund Ltd (EGFL). Mr Hamza will be […]

Mauritius, 03 March 2020: In a move to drive the strategy and growth of its energy investments, Essar Capital Ltd (ECL), the investment manager of Essar Global Fund Ltd (EGFL), has appointed Mr BC Tripathi as the Non-Executive Chairman of Essar Exploration and Production Ltd Mauritius (EEPLM) and Board Member of Essar Oil UK Ltd (EOUKL). […]

The Union Budget is a great indication of the government’s economic focus and direction, and lays down a critical roadmap for the nation’s industry sectors and businesses. Here’s what Essar’s senior leadership had to say on India’s Union Budget 2020

London, January 28th, 2020: Essar Oil UK today confirmed the appointment of Mark Wilson as Chief Executive Officer. He will be based at the Stanlow Manufacturing Complex and succeed S. Thangapandian, who informed the Board of his intention to return to India after almost three years in the UK. Mark Wilson has international experience at the […]

Mumbai, 21 January 2020: Essar Global Fund Ltd (EGFL) today announced the appointment of Mr Pankaj Kalra as Chief Financial Officer & Head-Strategy, Essar Exploration & Production Ltd Mauritius (EEPLM), which is the upstream energy arm and one of Essar Global Fund’s (EGFL) key portfolio companies. Mr Kalra will be responsible for overseeing the Finance, M&A […]

Business Line Essar Power is said to be in talks to deleverage about Rs. 20,000 crore of its debt to bring it down to about one-third. For this, it plans a debt restructuring of the group’s 2,400 MW independent power producer (IPP) companies. Essar has so far invested about Rs. 32,000 crore in its power […]

We are deeply shocked and anguished by the incident last night where the wall of the ash dyke at the 2×600 MW Mahan Power Plant, operated by Essar Power MP Ltd (EPMPL), was breached by an act of sabotage, and the ash entered the adjoining land in Kasualal village. EPMPL would like to categorically clarify […]