Essar’s Leadership react to India’s Union Budget 2020

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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

Essar Oil UK appoints Mark Wilson as Chief Executive Officer

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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 […]

Essar Power in talks with lenders to restructure Rs. 20,000-cr debt of IPPs

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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 […]

Breach of ash dyke wall at Essar Mahan Power Plant a brazen act of sabotage

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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 […]

Senior leadership comments on the Union Budget 2019-20

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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 […]

Essar continues network expansion with two new sites

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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 Oil UK Group acquires BP strategic assets to drive further growth

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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 […]