Essar Participates in the Inaugural ET Maharashtra Business Summit & Awards 2026

ET Maharashtra Business Summit & Awards 2026, hosted by The Economic Times, brought together policymakers, industry leaders, global investors, and members of the diplomatic community on April 23–24 at Taj Lands End, Mumbai. Essar partnered with the summit as an ‘in association’ partner, reinforcing its longstanding commitment to Maharashtra as a key investment and growth […]

Prashant Ruia speaks with ET Now on Essar’s next phase of growth

Prashant Ruia outlines Essar’s approach through global expansion, disciplined investments, and strength across its core sectors, alongside fast-scaling new businesses. Interview Transcript Ankur Mishra, ET Now– Essar Group has gone through major transformations, especially in past decades, and is ready for the next phase of growth. And to discuss the strategy further, I have with […]

D2C farm produce platform Pluckk raises Rs 100crore from Euro Gulf Investment

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Pluckk, a D2C farm-produce platform, has raised Rs 100 crore ($10.8 million) from existing investor Euro Gulf Investment in an all-equity round. This brings the firm’s total funding to $26 million. The company plans to use the capital for research and development of a new product range, to enhance its technology, and to expand its […]

Essar’s senior leadership share their views on RBI Monetary Policy – April 2026

Essar’s senior leadership share their views on RBI Monetary Policy – February 2024

“The decision to maintain the status quo on rates was largely in line with expectations and signals the RBI’s continued effort to balance growth with inflation control. With the central bank also focused on preventing excessive weakness in the rupee amid global volatility, the move highlights a preference for macroeconomic stability and regulated policy action. […]

Mesabi Metallics Secures $150 Million from Macquarie Group

Latest financing builds on recent capital momentum for structurally important American iron ore project [NASHWAUK, MN] – Mesabi Metallics Company LLC (Mesabi Metallics), backed by Essar Group, today announced that it has secured $150 million of financing from Macquarie Group, supporting the Q3 2026 startup of its world-scale Direct Reduction (DR) grade iron ore mine […]

Black Box Completes Preferential Issue; Receives ₹386 Crore from Warrant Conversion

Black Box Limited : EBITDA for the quarter grew by 62% YoY to Rs. 116 crores while profit after tax for Q3FY24 stood at Rs. 41 crore

Mumbai, March 30, 2026: Black Box Limited (BSE: 500463 | NSE: BBOX), a leading global digital infrastructure solutions provider, today announced the successful receipt of ₹386.36 crore pursuant to the conversion of warrants issued on September 27, 2024. The Company has converted 92,65,215 warrants into equity shares at an issue price of ₹417 per share. […]

Essar to scale up clean freight operations with 10,000 LNG and Electric Trucks

Essar is set to deploy 10,000 LNG and electric trucks across India over the next three years, supported by a network of 100 alternative fuel and charging hubs, as it scales up clean freight operations to reduce approximately one million tonnes of carbon emissions and decarbonise India’s entire freight value chain. By integrating vehicle manufacturing, […]

Prashant Ruia on Essar’s next phase of growth in the Financial Times

For this edition of the India Business Briefing Q&A, I (Veena Venugopal) spoke with Prashant Ruia, director of Essar Capital. Until around the 2010s, the 56-year-old Essar Group was one of India’s largest conglomerates, with significant stakes in everything from ports to steel to telecoms. But the heavy investments in capital-intensive sectors, and some unfavourable […]