Essar

Q2 results: Essar-owned Black Box reports higher sequential revenue, margins improve

EBITDA margins for the reported quarter also grew by 60 basis points to 9 percent. Profit for the quarter grew by 17 percent to Rs 56 crore

Essar Group-backed tech firm Black Box outlines 15% year-on-year growth over 4 years

For the quarter ending June 30, 2025, Black Box reported a topline of Rs 1,387 crore

Essar Green Mobility eyes $1 billion turnover in three years

The green mobility venture of conglomerate Essar Group offers clean fuel logistics solutions and also operates a fleet of heavy commercial vehicles powered by Liquefied Natural Gas (LNG) and electricity.

Blue Energy raises $50 million, Nikhil Kamath among backers

Blue Energy, which counts the Essar Group and European commercial vehicle player Iveco Group as strategic investors, has a manufacturing capacity of 10,000 trucks a year

Black Box Ltd reports 28% growth in Q1 net profit, EBITDA margins improve

Order inflows for the quarter were Rs 1,506 crore, taking the company's total order backlog to Rs 4,433 crore. The order backlog at the end of FY25 was Rs 4,313 crore

Essar's GreenLine raises $275 million in equity fundraise, Zerodha's Nikhil Kamath invests $20 million

GreenLine added that the funding round will enable the company to expand its infrastructure for green logistics, including the deployment of 10,000 new LNG and electric vehicle (EV) trucks

Essar Renewables signs MoU with Maharashtra govt to develop 2GW clean energy projects

The company said it will invest approximately Rs 8,000 crore, which is likely to generate a direct employment for over 2,000 individuals, the company statement said

Essar's IT firm Black Box to raise Rs 410 crore via preferential issue

The fundraising plan includes Rs 200 crore from existing promoters of the company, Rs 200 crore from marquee investors, including foreign institutional investors and Rs 10 crore from the company's key management personnel, according to a statement.

'Marwari' school of business keeps 3 generations of Ruia family under one roof

They share the family homes in Mumbai, Delhi and London as well as business that now spans energy, metals and mining, infrastructure and logistics and technology and retail.

Essar to invest Rs 30,000 crore in green hydrogen plant in Gujarat

There are 4 million trucks in the country and the number are slated to double in the near future

Essar sees growth potential for its IT firm Black Box amid AI boom: Prashant Ruia

Essar, which continued to hold a 33 per cent stake in Vodafone-Essar, too sold its stake and bid goodbye to the telecom business.

Essar Oil & Gas to triple capex to Rs 1,500 crore in FY25 to boost production

The company plans to ramp up output by FY27, in line with Prime Minister Narendra Modi’s mission of Aatmanirbhar Bharat, said CEO Pankaj Kalra.

Essar selects technology partner for UK industrial carbon capture facility

Topsoe will provide its sustainable flue-gas treatment technology SNOXTM, the company said in a statement.

Essar to invest $6.6 billion in power, port projects in Gujarat

Essar has signed three memorandums of understanding with the Gujarat government for investment in port, power, and energy transition sectors

Essar to spend $3.6 billion on transition to low-carbon energy in UK, India

The $1.2 billion for India will be invested in developing a cost-efficient global supply hub for low-carbon fuels in India, including green hydrogen and green ammonia

Essar embarks on new phase of growth, to invest in across energy, steel and mining sectors

Prashant Ruia, director, Essar Capital Ltd, said Essar currently owns businesses in the core sectors of energy, metals and mining, infrastructure, services and technology and its future plans centre around them.

Essar concludes $2 billion sale of port, power infra assets to AM/NS

With the sale, Essar has completed its asset monetisation programme to effectively become debt free.

Essar Oil UK inks offtake deal with Vertex Hydrogen

The hydrogen supplied by Vertex will be used to decarbonise Essar’s processes

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Arcelor Mittal Nippon Steel enters Rs 19,000-crore infra assets deal with Essar

It stated that the deal also envisages a 50-50 Joint Venture partnership, for building a 4 MTPA LNG terminal at Hazira, Gujarat, between Essar and ArcelorMittal.

Essar's Stanlow Terminals to invest in UK's 'largest' biofuels storage

The investment is aimed at delivering 300,000 cubic metres of capacity to support customers in delivering the UK’s net zero transition climate target.

Adani Power gets NCLT nod to acquire Essar's 1,200 MW Mahan project

NCLT, Principal Bench at New Delhi, in its order dated November 01, 2021, approved the resolution plan submitted by Adani Power Ltd for acquisition of EPMPL (Essar Power M P Ltd), a company undergoing insolvency resolution under the Insolvency and Bankruptcy Code, Adani Power stated in a BSE filing.