The multi-agency investigation into NuPower Renewables appears to have widened further with the focus now shifting to another subsidiary, NuPower Technologies, a leading national daily reported on Monday.
Ruia family-owned Essar Oil and Gas will invest Rs 900 crore in drilling 150 more wells on its Raniganj CBM block in West Bengal to more than double gas output to 2.3 million standard cubic metres per day by 2021, its Managing Director and CEO Vilas Tawde said.
In a big-ticket real estate deal, Essar group has sold prime commercial property Equinox Business Parks at Bandra-Kurla Complex (BKC) in Mumbai to global investment firm Brookfield for Rs 2,400 crore. Essar today said it has completed the sale of Equinox Business Parks to Brookfield
A fresh crisis seems to be brewing for coal-fired power stations in the country as a sharp increase in the price of the dry fuel in prime import market of Indonesia is fast making projects run on overseas coal redundant.
Essar Oilfields Services India Ltd announced on Wednesday that it has won a contract worth Rs 28 crore from state-run gas utility GAILBSE 0.04 % India to drill three firm and two optional wells in the Cambay Basin in Gujarat.
State-run GAIL (India) has won a contract for buying coal-bed methane (CBM) gas produced from Essar Oil’s Raniganj block in West Bengal.
Indian refineries booked the largest amount of West African oil to load per day in February since April 2015, helping to shore up a decline in Chinese buying, a Reuters survey of vessel fixtures and traders showed on Friday.
Repeat order from ONGC
Essar Oilfields aims to become significant partner in India’s energy security; Company’s MR#11 land rig to drill 30 wells in ONGC’s CBM block in Bokaro, Jharkhand
Essar Energy Disburses INR 891 Crore (Inr 76.41/share) To Erstwhile Public Shareholders Of Essar Oil As Additional Payout
Erstwhile public shareholders, who tendered EOL shares in the delisting cum exit offer of 2015, received an additional amount of INR 76.41 for every share tendered
The Congress recently alleged that the BJP government in Gujarat had let four private companies -Adani, ESSAR, Tata and China Light Power – to “squander” Rs 26,000 crore of the public exchequer. The Opposition claimed that the ruling party had purchased electricity from these four companies at “unimaginably high rates” in a “huge power purchase scam”.