news topics: energy

Mauritius, 03 March 2020: In a move to drive the strategy and growth of its energy investments, Essar Capital Ltd (ECL), the investment manager of Essar Global Fund Ltd (EGFL), has appointed Mr BC Tripathi as the Non-Executive Chairman of Essar Exploration and Production Ltd Mauritius (EEPLM) and Board Member of Essar Oil UK Ltd (EOUKL). […]

The Union Budget is a great indication of the government’s economic focus and direction, and lays down a critical roadmap for the nation’s industry sectors and businesses. Here’s what Essar’s senior leadership had to say on India’s Union Budget 2020

London, January 28th, 2020: Essar Oil UK today confirmed the appointment of Mark Wilson as Chief Executive Officer. He will be based at the Stanlow Manufacturing Complex and succeed S. Thangapandian, who informed the Board of his intention to return to India after almost three years in the UK. Mark Wilson has international experience at the […]

Mumbai, 21 January 2020: Essar Global Fund Ltd (EGFL) today announced the appointment of Mr Pankaj Kalra as Chief Financial Officer & Head-Strategy, Essar Exploration & Production Ltd Mauritius (EEPLM), which is the upstream energy arm and one of Essar Global Fund’s (EGFL) key portfolio companies. Mr Kalra will be responsible for overseeing the Finance, M&A […]

Business Line Essar Power is said to be in talks to deleverage about Rs. 20,000 crore of its debt to bring it down to about one-third. For this, it plans a debt restructuring of the group’s 2,400 MW independent power producer (IPP) companies. Essar has so far invested about Rs. 32,000 crore in its power […]

We are deeply shocked and anguished by the incident last night where the wall of the ash dyke at the 2×600 MW Mahan Power Plant, operated by Essar Power MP Ltd (EPMPL), was breached by an act of sabotage, and the ash entered the adjoining land in Kasualal village. EPMPL would like to categorically clarify […]

Port Louis, Mauritius: Essar Exploration & Production Limited (EEPL) and ENI have jointly announced that their exploration well located at Block 114, Song Hong Basin, Offshore Vietnam, has established the presence of gas and condensates in the Ken Bau prospect. ENI is the operator of the block with 50% participating interest. ENI, in its press release […]

Rajiv Agarwal, MD & CEO, Essar Ports The Budget has laid down a definitive road-map for realising the dream of a five trillion dollar economy. The Finance Minister has addressed many issues, like job creation, investments infrastructure, encouragement of startups, support to MSMEs liquidity issues, bank recapitalisation, improving water availability through creating a water grid […]

Stanlow, June 10th, 2019: Essar will continue the successful rollout of its retail offering in the UK this week, with the unveiling of two more MPK Garages sites seeing its national network grow to 71 sites. Previously under the Texaco marque, the newest Essar branded outlets are Blue Gates Service station located on Tunstall Road, Stoke-on-Trent […]

Essar’s total investment in the UK now stands at US $1 billion Stanlow, February 6th 2019: The Essar Oil UK Group of companies (Essar) today unveiled the latest phase of its strategic business development after announcing the acquisition of a number of assets from BP to further strengthen the company’s logistics infrastructure network which will fuel growth […]