Press Release Category: Essar Global

Odisha, 01 December 2022: Mr. Prashant Ruia, Director, Essar Capital today attended the third edition of the Make in Odisha Conclave’22 and outlined Essar’s investment plans in the state of Odisha. Mr. Ruia was present along with other business leaders and dignitaries at the flagship investor summit of the Government of Odisha, which was inaugurated by […]

“MPC’s decision announced today of hiking repo rate by 50 bps to 5.9% was broadly along the expected lines. With the financial markets and the global economy facing a turmoil due to various geo political situations and alarming high inflation levels. With liquidity withdrawal measures and interest rate hikes, the global economic landscape continues to […]

The focus of RBI continues to be on curbing inflation and supporting India’s economic growth. Its decision to increase the policy repo rate by 50 basis points to 4.90 per cent was expected as it factors in real-time ground realities of elevated inflation and geopolitical crisis. With the inflation rate expected to remain above 6% […]

“Reserve Bank of India’s decision of hiking the policy repo rate by 40 bps to 4.40 per cent was a move to be taken sooner or later to tackle the rising inflation pressures and control excess liquidity. However, this in turn will strengthen the core economic growth and ensure stability in this rapidly evolving business […]

“The RBI has maintained an accommodative stance by not changing the repo and reverse repo rate, which was very much needed. GDP growth at 7.8 percent for FY 23 looks practical, as the impact of pandemic is diminishing and there is optimism in the economy especially after the Union Budget. With the enhanced capital expenditure […]

Stanlow, 13 December 2021: Stanlow Terminals Limited (STL) today announced it will make investments over the next three years to develop the UK’s largest biofuels storage hub located in the North West of England. The major investment is a key pillar in Stanlow Terminals’ strategic objective to become the UK’s largest bulk liquid storage and energy […]

As the world monitors the effects of the Omicron variant, continuing with the accommodative stance while keeping the repo and reverse repo rate unchanged was the ideal way forward. The growth in India’s GDP in the second quarter of FY22 by 8.4% is a huge indicator of the economy recovering and moving forward. It is […]

AGC Networks Ltd., one of Essar’s key investments in Technology & Services sector, has changed its name to Black Box Ltd. The acquisition of Black Box has helped AGC Networks better serve a global customer base, expand our capabilities, enhance our solutions portfolio & extend our presence globally to 30 countries across six continents. The […]

Senior leadership at Essar share their views on India’s fourth bi-monthly monetary policy for fiscal FY22. “With today’s announcement, RBI continues to calibrate its policy and measures to boost growth and revive the Indian economy. RBI maintaining its FY22 GDP growth forecast at 9.5% showcases the underlying resilience of the economy.” Prashant RuiaDirector, Essar Capital […]

Jamjodhpur, Gujarat, August 07, 2021: Essar today said that they have donated an Oxygen Generator Plant at Jamjodhpur CHC through Essar Foundation, its CSR arm, and Essar Ports. With an aim to support the efforts of the Government of Gujarat to fight the ongoing Covid-19 pandemic and be better prepared for a possible third wave, the […]