news topics: infrastructure

Essar Projects – the global EPC arm of Essar – was awarded the contract for providing pre-commissioning, commissioning and start-up services for the 650,000 BPD greenfield refinery being set up by Dangote Oil Refining Company Ltd. (DORCL) in Lekki Free Zone of Nigeria. Amidst challenges of managing diverse interphases & coordination with multiple partakers, Essar […]

Ahmedabad, December 14, 2023: Essar signed three Memorandums of Understanding (MOUs) with the Government of Gujarat for a total investment of Rs 55,000 crore ahead of the Vibrant Gujarat Global Summit 2024. Essar is in a renewed phase of making strategic investments in the field of Energy Transition, Power and Port sectors in the state. […]

“The RBI’s latest Monetary Policy, emphasises a cautious decision to maintain the policy repo rate at 6.50 percent. The upward revision of the real GDP growth forecast to 7 percent for 2023-24 from 6.5 percent shows the buoyancy in the Indian economy. With the taming of inflation, we expect a reduction in the interest rates […]

GreenLine Mobility Solutions, an initiative backed by Essar, stands at the forefront of revolutionising India’s road logistics sector with the introduction of a ground-breaking fleet of LNG-powered long-haul trucks. The establishment of GreenLine was rooted in a vision aimed at decarbonising heavy trucking. “Completely phasing out fossil fuels from trucking will require significant time, effort, […]

In the tech sphere, a ubiquitous development in the past decade has been the emergence of a system of systems. Succinctly put, it is an ecosystem wherein multiple independent—yet interrelated or interdependent—components are patched to create a high-performing unified whole. Despite India’s push towards green mobility being whole-hearted, it has remained chiefly experimental as the […]

Karur Vyasa Bank (KVB) supports India’s sustainability mission by providing financial assistance for Greenline Mobility Solutions Ltd (Greenline) to acquire LNG-powered vehicles. Mr Arunagiri, the Head of the Business Banking Unit for KVB in Mumbai, along with Greenline’s Director and CFO, Sharvari Prabhu, gathered to officially sign the documents that secure the funding for India’s […]

In a moment of recognition and celebration, Mr Anand Mimani, GreenLine CEO, was recently honoured with the prestigious ‘Partners in Progress’ Award by JK Lakshmi Cement Ltd. and Udaipur Cement Works Limited. The Award was presented by Smt. Vinita Singhania, Vice Chairperson and Managing Director, in the presence of industry luminaries Shri Shrivats Singhania, Director […]

Essar Ports plans to invest around Rs 6,000-7,000 crore to increase the cargo handling capacity of the port to around 100 million tonnes per annum (mtpa) in the next five years, the company’s Chief Executive Officer (CEO) Rajiv Agarwal told Moneycontrol. The company plans to transform Salaya Port into a green port, where green hydrogen […]

Essar Ports Ltd. plans to invest around $1 billion, or Rs 8,300 crore, to transform Salaya Port into a green port, according to Chief Executive Officer Rajiv Agarwal. The whole plan is to convert Salaya Port into a green port, where green hydrogen production, storage for bio-fuels, and LNG would be undertaken, said Rajiv Agarwal, […]

Sanjay Palve, Senior Managing Director at Essar Capital Ltd. “The Reserve Bank of India’s decision to keep the repo rate unchanged at 6.50% and maintain a ‘withdrawal of accommodation’ stance, today demonstrates a responsible approach to monetary policy and aligns with our expectations in this dynamic economic scenario. This constancy offers businesses a clear and […]