news years: 2020

Mumbai, 8 April 2020: In the wake of the outbreak of the COVID-19 pandemic, Essar Foundation considers it incumbent upon itself to contribute meaningfully to the pan-India efforts, and alleviate the suffering of communities that may not have access to mainstream relief initiatives. “Our efforts have been focussed on reaching out to the most vulnerable communities. […]

Mumbai, 8 April 2020: Essar’s Ports business, which operates four terminals on the east and west coasts of India, has registered a 23.5% growth in cargo volumes in FY 2019-20, with a throughput of 49.22 million tonnes (MT). In terms of their fourth quarter performance, the terminals recorded a 4.63% growth in cargo, with a throughput […]

The Mumbai Police is the first line of defence for the city and have the responsibility of providing crucial services. Their role becomes even more critical at times like these when the city faces the threat of a pandemic, and is under a preventive lockdown. While they carry out their duties in such stressed times, […]

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 […]

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 […]

“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 […]

Essar Bulk Terminal Limited takes ‘The ‘Safe Hands Challenge’ to Paradip! Over 150 students of Maa Ambika High School from Lokpada and Atharbanki villages demonstrated the power of hand-washing to fight corona virus. Free face masks and hand sanitisers were distributed to the students, local villagers and health workers as part of the initiative.

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 […]

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). […]