Prashant Ruia

India is aiming to reach 500 gigawatts of clean power capacity by 2030 and affordable storage solutions for intermittent sources like solar and wind are crucial in a country that still gets nearly three-quarters of its electricity from coal.

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 UK reports new financial arrangement of over $850 million

EOUK also announced that it has recently completed a review and update of its corporate governance, and its Board has adopted the recommendations arising out of that review process, which included "independent input from Ashurst LLP".

Confident of providing resolution plan for Essar Steel: Prashant Ruia

A day after closing India's largest foreign direct investment (FDI) deal, Prashant Ruia, the Chairman of Essar Group clarifies on key contours of the deal. In a candid admission to CNBC-TV18, Ruia says he is confident of providing resolution plan for Essar Steel.

India must re-evaluate FTAs with Japan, Korea: Essar

Essar Group today said that India needs to re-evaluate free-trade agreements with many countries, including Japan and Korea, that are hurting domestic steel manufacturers by allowing duty-free imports.

Expect Rosneft deal to close by March 2017: Essar's Ruia

Rosneft deal will be closed by March 2017 and banks will receive their dues around the same period as the deal closure, said Prashant Ruia, CEO, Essar Group.

Essar Oil posts record Rs 2,162 cr net profit in FY2015-16

Essar Oil today said it earned a record net profit of Rs 2,162 crore in the 2015-16 fiscal on back of robust refining margins.

Essar Oil to double petrol pumps to 5,600 in 18 months

The company, which operates a 20 million tons a year oil refinery at Vadinar in Gujarat, will invest Rs 1,200 crore in upgrade of certain units of the refinery to help boost margins by USD 1.5 per barrel.

Problems over project windup at Essar Steel behind us: Ruia

Spelling out plans for Essar Steel, Essar Group CEO Prashant Ruia said that problems regarding project completion are behind the company and Essar Steel plant is now operating at about 70 percent of capacity. In the next two quarters, the company hopes to be close to full capacity, he added.

Will use Rosneft proceeds to reduce debt by Rs 75K cr: Essar

In an interview with Business Standard Prashant Ruia, Director, Essar Group said that the proceeds from this deal will be used to reduce its debt by Rs 75,000 crore.

Govt invites pension funds to invest in infra sector

The Centre has given an allocation of Rs 42,000 crore to the roads sector during the current financial year 2015-16.

Davos: Ruia on rationale behind Essar Grp's delisting move

The Essar Group has undertaken the delisting process for some of its businesses in the last few months.

Seeing pick up in investment climate: Essar's Prashant Ruia

Speaking on the sidelines of Vibrant Gujarat Summit 2015, Prashant Ruia, Director, Essar, said the government has been working towards unclogging problems faced by industry.

Expect boom on growth in India & China, says Essar's Ruia

At the World Economic Forum in Davos that kicked off on Wednesday, Prashant Ruia of the Essar Group explains to the CNBC-TV18‘s Menaka Doshi that government initiative in India and the return of growth in the US and China is set to create a global economic boom across all sectors.

Steel producers fear rising China exports

Leading global steel producers are bracing themselves for a surge in Chinese exports, as a marked slowdown in Asia's largest economy pushes its struggling domestic steelmakers to send more excess capacity abroad.

Power crisis due to coal shortage: Prashant Ruia

Chief Executive of the Essar group Prashant Ruia has said India is facing a power crisis largely because of delayed approvals and an acute shortage of coal. Ruia called for more action from the government to make India an attractive destination for foreign investors.

'Coal based power easiest solution to India's power needs'

Coal based power is the easiest solution to India's power needs, that's the word coming in from the CEO of the Essar Group, Prashant Ruia. He argues that when compared to the alternate options like nuclear power, coal based projects have multiple advantages.

2G scam: Essar CEO quizzed; Loop may figure in charge sheet

The CBI today quizzed Essar group CEO Prashant Ruia in connection with its probe into the 2G spectrum allocation scam as the agency prepares to question top honchos of a Dubai-based group.

SC to hear plea of bringing Ambani,Ruia,Tata in 2G probe

The Supreme Court will hear tomorrow the plea of bringing corporate czars like Reliance Telecom Chairman Anil Ambani, Essar's CEO Prashant Ruia and the Tatas' within the ambit of the probe into 2G spectrum allocation scam.

2G scam: Are Ambani and Tata too big for the CBI?

You cannot have failed to notice that Tihar jail is suddenly becoming a very crowded place. Over the last two months, MPs, ministers, civil servants and corporate CEOs have been committed with precincts. Consequently, many people are asking, is this a significant shift in Indian justice; silently but surely is something dramatic happening?

A. Raja, firms charged in 2G spectrum scam probe

The Central Bureau of Investigation (CBI) charged three telecoms firms, former telecoms minister A Raja and several executives with a range of crimes on Saturday in a multi-billion dollar licensing scandal, potentially the biggest graft case in Indian history.

CBI summons Essar Group's Prashant Ruia in 2G scam

The Central Bureau of Investigation (CBI) continues to tighten its noose around the 2G scam controversy. After questioning ADAG chief Anil Ambani on Wednesday, the CBI on Thursday summoned Essar Group CEO Prashant Ruia in relation to 2G scam investigation.

Vodafone-Essar row: Will unlock fair value, says Essar

The fight between Vodafone and Essar is escalating. Essar group CEO Prashant Ruia says that Essar is determined to unlock fair value for the stake Essar holds in Vodafone-Essar.

Biz confidence on the rise; mood at Davos much better: Ruia

In an interview with CNBC-TV18, Prashant Ruia of the Essar Group said the mood at the event was much better than what it was last year.