Essar Energy and Oil Bidco sold Essar Oil Limited to a consortium of Rosneft and Trafigura-UCP for $ 12.9 billion. The transaction represents Russia's largest ever foreign investment, as well as India's largest foreign direct investment.
Essar Projects (EPL), a global EPC contractor, has through its Indian subsidiary secured a project from Jamnagar Municipal Corporation (JMC) in Gujarat. This project involves construction of a 70MLD sewage treatment plant (STP) and its allied infrastructure along with operation of the plant for 15 years...
BPCL has entrusted Essar Projects, a subsidiary of India's Essar Group, with a US $ 109 million engineering contract for its Kochi Refinery. The contract is the second collaboration of the two partners in 2013...
Essar Projects (EPL), a global Engineering, Procurement and Construction (EPC) contractor has bagged three new orders totaling US $ 80m in Abu Dhabi underpinning its presence in the Middle East market.
New coal fired power plant in India: Essar Power has announced that its 600-megawatt (MW) unit 1 of its 1,200MW Mahan I power project has commenced generation and has been synchronised with the transmission grid.
Essar Power has commissioned the second of two 255 megawatt units at its Vadinar Phase 2 (P2) power generation project in Gujarat state. The coal fired Vadinar P2 plant, with a total 510 MW capacity, is now fully commissioned, supplying nearby Essar refinery operations.
Essar Oil of India and Larsen & Toubro (L&T) have signed a Memorandum of Understanding (MoU) for supplies of high quality bitumen for key infrastructure projects in Gujarat undertaken by L&T. The initial supply agreement is for a quantity of 15,000 metric tonnes over the course of the project and is likely to be extended to other projects in and around the state.