press release year: 2022

Transitioning to green businesses to achieve ESG oriented future growth Gujarat/Mumbai, June 03, 2022: Essar Power Limited, India’s first private sector independent power producer has entered into a definitive agreement with Adani Transmission Limited to sell one of its two transmission lines for Rs 1,913 crore. Essar Power Transmission Company Limited (EPTCL) has 465-km transmission lines […]

Mumbai, May 31, 2022: Essar Vizag Terminal Limited (EVTL) operating India’s largest Ore Handling Complex in Vishakhapatnam Port has recorded ~1.3 MMT of cargo handling for April’ 22 i.e. a run rate in excess of 14 MMT for FY 22 – 23 suggesting a growth of ~10% on an annualized basis.  For FY 21–22, EVTL has […]

Mumbai/Durgapur, May 30, 2022: Essar Oil and Gas Exploration and Production Ltd (EOGEPL), India’s pioneering unconventional hydrocarbon (Coal Bed Methane) player, today reported 118% jump in its revenue YoY at Rs 148 crore in the fourth quarter ended March 31, 2022. The company had posted a revenue of Rs 68 crore for the same quarter previous […]

Mumbai, May 26, 2022: Essar Ports – Paradip Terminal, has recorded 0.8 MMT of cargo handling for April’ 22 i.e. a run rate of 9.5 MMT for FY 22 – 23 suggesting a growth of ~40% on annualized basis.  The Terminal has also handled a record cargo of ~6.8 MMT during the financial year 2021-22, making […]

Stanlow, 13 May 2022 – Vertex Hydrogen Limited (“Vertex”), the organisation developing the UK’s first and largest low carbon hydrogen production hub, has today announced the appointment of Joe Seifert as its Chief Executive Officer with immediate effect. Seifert will also join Vertex’s Board of Directors. The appointment follows the launch of Vertex in January as […]

“Reserve Bank of India’s decision of hiking the policy repo rate by 40 bps to 4.40 per cent was a move to be taken sooner or later to tackle the rising inflation pressures and control excess liquidity. However, this in turn will strengthen the core economic growth and ensure stability in this rapidly evolving business […]

Achievements galore for Vizag Terminal Located within one of the 13 designated ‘major ports’ of India, Essar Ports Vizag Terminal Ltd (EVTL), Andhra Pradesh, is the largest iron ore handling complex in India. On 20th April 2022, the M.V. Star Eleni, a bulk carrier built in 2018, sailing under the flag of Liberia was successfully berthed […]

The low carbon hydrogen will be used to decarbonise industry as part of the HyNet cluster across the North West of England and North Wales. Vertex Hydrogen, the joint venture between Essar Oil UK and Progressive Energy, has today unveiled a report detailing the development of the UK’s first ever large-scale low carbon hydrogen production […]

“The RBI has maintained an accommodative stance by not changing the repo and reverse repo rate, which was very much needed. GDP growth at 7.8 percent for FY 23 looks practical, as the impact of pandemic is diminishing and there is optimism in the economy especially after the Union Budget. With the enhanced capital expenditure […]

Stanlow, 09 February 2022 – Essar Oil UK (‘EOUK’), the leading UK-focused downstream energy company, announces plans to install a new £45 million furnace at Stanlow that’s capable of using hydrogen as its fuel source – a UK first. This marks another significant milestone in Essar’s continued commitment to becoming the UK’s first low carbon […]