Feb 24, 2021 03:42 PM IST
The renewable energy venture comes close on the heels of EGFL investing in hydrogen power in the UK and coal gas in India.
- Oct 10, 2018 01:05 PM IST
Both units of the project are operational and supported by an end-to-end raw material sourcing and evacuation infrastructure, a company statement said.
- Sep 26, 2018 04:05 PM IST
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.
- Apr 16, 2018 03:49 PM IST
The principal bench of NCLT has appointed an interim resolution professional (IRP) to manage the affairs of the company, according to an order.
- Mar 04, 2018 11:22 AM IST
"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.
- Jun 27, 2017 04:13 PM IST
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.
- May 15, 2017 02:50 PM IST
The shift in sourcing will also help companies trim costs and conform to the changing regulatory norms.
- Apr 06, 2017 02:23 PM IST
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.
- Mar 03, 2017 03:00 PM IST
"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.
- Nov 30, 2016 09:28 PM IST
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.
- Oct 17, 2016 12:49 PM IST
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.
- Sep 30, 2016 02:08 PM IST
With this, Essar Power's installed capacity now stands at 4,705 MW, a company release said.
- Jul 22, 2016 02:45 PM IST
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).
- Jul 11, 2016 10:06 PM IST
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.
- Jul 11, 2016 04:36 PM IST
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.
- Jul 11, 2016 09:00 AM IST
"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.
- May 12, 2016 11:08 AM IST
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.
- May 04, 2016 09:42 AM IST
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.
- Apr 15, 2016 09:00 AM IST
"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.
- Apr 07, 2016 01:11 PM IST
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.
- Mar 14, 2016 02:10 PM IST
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.
- Jul 16, 2015 12:40 PM IST
Debt-laden companies have queued up to avail easier repayment terms under the 5:25 scheme.
- Apr 13, 2015 02:53 PM IST
In the coming months, the balance 90 MW (3 X 30 MW) would be commissioned in phases, a company release said. The 120 MW coal fired power plant will meet the power requirement of Essar Steel's 12 million tonnes per annum integrated palletisation facility in Odisha.
- Mar 24, 2015 04:08 PM IST
Essar Power MP owns and operates the 1,200 MW coal based power plant in Mahan, Madhya Pradesh, which has been set up with an investment of Rs 8,000 crore.
- Feb 17, 2015 01:30 PM IST
Amelia North is in Madhya Pradesh and has a reserve of 70.28 million tonne. This is meant for the power sector and there are 11 qualified bidders for this, which include some of the major power players.