Essar Power

The asset being sold by Essar Power is an inter-state transmission line that links Mahan in Madhya Pradesh to Sipat pooling substation in neighbouring Chhattisgarh

Adani Power completes acquisition of Essar's 1,200 MW Mahan project in MP

In June 2021, Adani Power had emerged as the successful bidder for the 1,200 MW project.

Essar Power to set up 90 MW solar plant in Madhya Pradesh for Rs 300 crore

The renewable energy venture comes close on the heels of EGFL investing in hydrogen power in the UK and coal gas in India.

Essar Power completes 1,200 MW Mahan project

Both units of the project are operational and supported by an end-to-end raw material sourcing and evacuation infrastructure, a company statement said.

Essar Power commissions 337-km, 400 kV Mahan-Sipat transmission line

The 400 kV lines will help Essar Power's 1,200 MW Mahan Thermal Power Plant in Madhya Pradesh to evacuate its entire generation, a company statement said.

NCLT allows insolvency proceedings against Essar Power Jharkhand

The principal bench of NCLT has appointed an interim resolution professional (IRP) to manage the affairs of the company, according to an order.

Govt may cancel coal mine in Jharkhand allotted to Essar

"In Essar's (Essar Power) matter there is an injunction by Hon'ble court prohibiting the government to take any coercive action against them. When the injunction is vacated, we will take appropriate action against them in terms of the agreement which may include even cancellation (of Tokisud North coal block) ," Coal Secretary Susheel Kumar told PTI.

Here's why the power sector could bring in the next wave of stressed assets

The next wave of stressed assets could be from the power sector with companies such as Adani, Tata and Essar groups sitting on many unviable power projects incurring hefty losses.

Power producers mull sourcing coal locally to trim costs, avoid global price volatility

The shift in sourcing will also help companies trim costs and conform to the changing regulatory norms.

Essar Power generation up 49% at 11.33 bn units in FY17

The generation was up 57 per cent for the January-March quarter of 2016-17 at 2.92 BUs compared to 1.86 BUs in the year-ago period, Essar Power said in a statement.

Essar Power's Hazira plant attains 100% capacity utilisation

"Essar Power Hazira, a subsidiary of Essar Power, 2x135 MW power project in Hazira was now operating consistently at close to 100 percent capacity utilisation," Essar Power said in a statement.

Essar Power commissions Hazira unit, completes 270mw project

The company said commissioning was done in a record 53 days - from IBR hydrotest to final synchronisation - making it among the swiftest in the industry. The first unit was commissioned in July last year.

ICICI Bank up 7% on loan reduction hopes post Essar-Rosneft deal

Essar Oil deal may directly benefit ICICI Bank's lona exposure. ICICI's exposure to Essar promoters (via Essar Global) is around Rs 6000 crore while its watch list loans portfolio stands at around Rs 38723 crore.

Essar Power completes phase I of 120 MW Paradip project

With this, Essar Power's installed capacity now stands at 4,705 MW, a company release said.

Focussing on getting stuck projects operationalised: Essar Power

The company is burdened with Rs 20,369 crore debt and is evaluating possibilities of reducing it.

Essar Power may sell gas-based plants in Gujarat to pare debt

Burdened by a whopping Rs 20,369 crore debt, private utility Essar Power is looking to sell two of its gas-based plants in Gujarat to reduce debt, a senior company official said.

Essar Power to start operations at Hazira in 2 months: Sources

Souces have told CNBC-TV18 that the 1000 MW plant in Hazira is set to open in the next two months and Essar Power is in talks with Shell, GAIL and Russian LNG for supply of liquefied nitrogen gas (LNG).

Essar puts an end to 20 years of losses, turns it around

CNBC-TV18's Kevin Lee and Areeb Sherwani report on a turn-around story that will put an end to 20 years of losses at the group level.

After robust Q1, Essar Power Gujarat hopes to up margins further

After turning profitable in the last fiscal year, Essar Power Gujarat Ltd (EPGL) is confident of maintaining this momentum and has reported a good set of earnings numbers for the first quarter of FY17.

Essar Power finally turns around with Rs 39 cr net in FY16

"This is the first time since we entered the sector in 1997 that we have turned around. Against a net loss of Rs 684 crore in 2014-15, we closed 2015-16 with a net profit of Rs 39 crore.

Essar Power expects to make profits in FY17

Elaborating, Maroo said operationalisation of its stranded plants like Mahan in Madhya Pradesh and slump in coal prices in international markets will help the company earn profits during the current fiscal.

Essar Mahan plant's 600 MW unit resumes power generation

The Mahan plant was linked to the Mahan Coal Block, and the company had applied for tapering coal linkage in May 2011 an issue that was taken up in the SLC (Standing Linkage Committee) meeting in August 2014.

Essar Port eyes 40% rise in cargo handling in FY17

"The company expects cargo handling to increase to 85 MT in 2016-17 from 59 MT in 2015-16, a growth of more than 40 percent on a year-on-year basis," the Ruias-promoted firm said in a statement.

Plan to make holding co debt free in 2 yrs: Essar Power

Speaking to CNBC-TV18, Sushil Maroo said that the power sector expects a more benevolent approach financial institutions and the RBI as the industry is going through a rough patch where completion of projects has delayed and demand is short.

Rs 1,600 cr gas auction for 24GW plants to begin tomorrow

This is the third reverse e-auction for subsidy support for buying 10 million standard cubic meters per day of gas will be held on March 15 and 16.