news topics: corporate

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 […]

ET Energy World This would be the highest production of coal-seam gas or coal-bed methane from any block in the country New Delhi: Mumbai’s Ruia family-owned Essar plans to double production of coal-seam gas from its Raniganj east block in West Bengal as a vital Urja-Ganga gas pipeline connecting users in eastern India gets commissioned […]

Mumbai, 14 August 2019: AGC Networks Limited, (BSE: 500463 and NSE: AGCNET), today announced financial results for first quarter ended 30 June, 2019. Consolidated Financial Highlights for the Quarter-ended 30 June, 2019 INR crores Particulars Q1(FY 19-20) Q1( FY 18-19)* Q4(FY 18-19) Revenue 1227.87 188.31 1233.02 EBIDTA (Before Exceptional items & before impact of Ind AS 116) 52.27 […]

The following is Essar’s comment on the NCLAT verdict related to Essar Steel promoter’s plea on Arcelor’s eligibility: “It appears that new facts regarding ineligibility under Section 29A, which emerged only after the previous judgement of the Supreme Court, have not been given due consideration. We are awaiting the detailed order and will decide our […]

https://www.essar.com/cus_video/synergies-between-agc-networks-and-blackbox-opens-up-new-opportunities/ Mumbai, 29 May 2019: AGC Networks Limited, (BSE: 500463 and NSE: AGCNET), the customer’s trusted go-to Technology Solution Integrator announced financial results for fourth quarter and year ended 31 March, 2019. Consolidated Financial Highlights for the Quarter and Year-ended 31 March, 2019 INR crores Particulars Q4(FY 18-19) Q4(FY 17-18) FY 18-19 FY 17-18 Revenue 1,233.02 209.37 […]

We continue to believe that our settlement proposal of Rs 54,389 crore is the most compelling one available to Essar Steel creditors and fulfills the IBC’s declared overriding objective of value maximisation, which has been established time and again by courts at all levels. We are also confident of the legal validity of our said […]

Quote We continue to believe that our offer of Rs 54,389 crore is the most compelling proposal available to Essar Steel creditors. It seeks to repay all classes of creditors and fulfills the IBC’s overriding objective of value maximisation that has been established time and again by courts at all levels. We submitted the proposal […]

“The proposal made by Essar Steel shareholders provides for payment of a total of Rs 54,389 crores to various creditors, which exceeds the resolution plan currently approved by the creditors by more than Rs 12,000 crores. This proposal has been submitted under the recently introduced Section 12A of the IBC. Under the proposal made by […]

CNBC-TV18 Where he talks about deleveraging efforts and stepping into the future with a lighter balance sheet.

[tweet https://twitter.com/AGCNetworksLTD/status/1082966497683783680] Mumbai, India, 09 January 2019: AGC Networks Limited, (BSE: 500463 and NSE: AGCNET), the trusted go-to-technology-solution-integrator, today announced that its wholly-owned subsidiary has completed the acquisition of Black Box Corporation (NASDAQ: BBOX), a leading digital solutions provider in the US. The combination with Black Box will substantially strengthen AGC’s presence and offerings to 25+ […]