Although Raghuram Rajan co-wrote the influential 2003 book, “Saving Capitalism From the Capitalists,” it has fallen upon his successor at the Reserve Bank of India to actually attempt such a thing.
Essar Oil (UK) Limited, which owns and operates the Stanlow Refinery at Ellesmere Port, has confirmed a new agreement with Etihad Airways for the direct supply of aviation fuel at Manchester Airport.
The stressed imported-coal based power plants of Tata Power and Essar Power in Gujarat are fit to be taken over and can be operated without technical glitches, state-run NTPC has found in its technical assessment.
The Petroleum and Explosives Safety Organisation (PESO) on Thursday urged oil companies to instruct all petrol pump dealers not to entertain vehicles of firms catering to home delivery of fuel, including petrol and diesel.
Essar Projects India Ltd. (EPIL), a leading EPC contractor, today announced the successful commissioning of four offshore well platforms for its client ONGC.
Jindal SAW, Essar Steel and Welspun Corp have petitioned the Directorate General of Anti-Dumping and Allied Duties (DGAD) to impose anti-dumping duty on imports of submerged arc welded (SAW) pipes from China, after local firms lost a number of tenders to Chinese suppliers.
Engineering and construction company Essar Projects India has an orderbook worth Rs 8,000 crore and the company expects big opportunities coming out of the government’s thrust on infrastructure, the Essar group company said in a statement Wednesday.
In what may come as a relief to Cairn India and encourage it to increase the pace of investment, the Vedanta group company’s prolific Barmer oil and gas block has been granted an extension of 10 years or economic life of the field
The Ruias of Essar group are racing against time to close the $13-billion sale of its Gujarat-based refinery to Russian oil major, Rosneft by as early as next week. The group has already received $300-million from the Russian company its stake in Essar Oil and expects rest of the proceeds with the deal closure which would help it to retire debt.
The Essar Group has reached a settlement with private equity fund IDFC Alternatives, ending arbitration proceedings that threatened to block the proposed sale of Essar Power’s Vadinar plant and even delay the $12.9 billion Essar-Rosneft deal.