Essar Foundation intensifies Covid-19 relief efforts with 2 million meals initiative
Mumbai, 23 April 2020: In view of the extension of the lockdown in several Indian states, which will prolong the hardships faced by the disadvantaged sections of the society, Essar Foundation, the CSR arm of the $14-billion Essar Group, has decided to increase its ongoing commitment of providing 1.25 million meals to 2 million meals to […]
Essar leaders comment on the measures taken by RBI
With Covid-19 severely impacting the global economy, the Reserve Bank of India (RBI) Governor, Mr Shaktikanta Das, addressed the media on the measures being taken to address the situation in India. Mr Pradeep Mittal (Executive Vice Chairman – Essar Power), and Mr Rajiv Agarwal (MD and CEO- Essar Ports) share their comments on the steps […]
Essar aligns to decisive measures taken by the Government against Novel Coronavirus (Covid-19)
“We commend the efforts of the Administration to fight the spread of Novel Coronavirus (Covid-19) in India and respect its decision to enforce a further 21 days of lockdown. We are completely aligned with Honourable Prime Minister Shri Narendra Modi’s belief that social distancing is the only way to keep Covid-19 from spreading. As one […]
Ruias-led Essar committed to India’s growth story
Mumbai, March 5 (IANS) The Ruias-led Essar is committed to the India growth story after an aggressive debt reduction of Rs 1.4 lakh crore over last three years. This is the message Ravi Ruia and Prashant Ruia have conveyed to banks and fund houses just before Essar’s 50th anniversary celebrations. The Ruias’ Essar Group has […]
AGC Networks Announces Q3 FY20 Financial Results
Mumbai, 14 February 2020: AGC Networks Limited, (BSE: 500463 and NSE: AGCNET), the trusted Go-To-Technology Integrator announced financial results for quarter ended 31 December, 2019. Consolidated Financial Highlights for the quarter & 9-month period ended 31 December 2019 Rs/Crores Particulars Q3( FY 19-20 ) Q2( FY 19-20 ) Q3( FY 18-19 )* 9 Months( FY 19-20 […]
AGC Networks Announces Q2 FY20 Financial Results
Visible Effects Of Focus On Revenue And Profitability Mumbai, 14 November 2019: AGC Networks Limited, (BSE: 500463 and NSE: AGCNET), the trusted go-to Technology Integrator announced financial results for quarter ended 30 September, 2019. Consolidated Financial Highlights for the quarter & half year ended 30 September 2019 Rs/Crores Particulars Q2(FY 19-20) Q1(FY 19-20) Q2(FY 18-19)* […]
Despite deleveraging, Essar turnover Rs 1 lakh cr: Ruia
New Delhi, Oct 15 (IANS) Despite aggressively deleveraging the balance sheet to the tune of Rs 1,40,000 crore through monetisation of several key assets, the existing businesses of Essar Group in the sectors of energy, infrastructure, metals & mining, services and technology, have a combined revenue of $13 billion, or almost Rs 100,000 crore, said […]
In conversation with Prashant Ruia, Director, Essar Capital
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Essar leads corporate deleveraging; pays off Rs 1.4 lakh crore: Prashant Ruia
The Economic Times Leading the India Inc in deleveraging through aggressive monetisation of assets, Essar Group paid off Rs 1.4 lakh crore debt and residual 10-15 per cent will be cleared in the next two quarters, said Essar Capital Director Prashant Ruia. “In the last three years, I think we were the first to get […]
Prashant Ruia speaks on the Indian economy and future of Essar
In an exclusive interview, Mr Prashant Ruia, Director, Essar Capital, shares his views on the Indian economy, and also speaks about Essar’s proactive initiatives to deleverage and dealing with sectorial challenges. He went on to speak about the group’s current businesses and future plans. Watch the complete video. Indian Economy: 00:10 Deleveraging: 03:20 Current Business & Future […]
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