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Ruia, who co-founded metals-to-technology conglomerate Essar with his brother Ravi, died in Mumbai on November 25, family said in a statement.
Sources say bids for the company will be opened on Wednesday
Essar's outsourcing business Aegis has set up BPO facility at Jamshedpur with 2,500 seating capacity.
"The bankruptcy code was to be ready by the end of July and I think it's going to be ready any of these days. The arbitration law is already cleared by Cabinet and it will be introduced in Parliament. So, all the three are ready."
The agreement to this effect was signed by Essar co- founder Shashi Ruia and VTB Chairman Andrey Kostin in presence of PM Narendra Modi and Russian President Vladmir Putin on Thursday.
With commissioning of this 6 mtpa pellet plant in the first stage, Essar Steel's total pellet capacity has gone up to 14 million tonnes, making it the largest Indian producer of this intermediary product for manufacturing of steel.
AMW Trucks is competing aggressively with established players and growing rapidly while doing so....
India's biggest entrepreneurs are connected to each other in several ways in some cases it is through marriages and in others, through business. Lakshmi Mittal, for starters, is connected through both.
Entrepreneurship is all about sacrifice today in the hope that tomorrow will be better says iconic business leader Narayana Murthy. How true! When I look at some of the success stories of people like Kumar Mangalam Birla or Shashi Ruia or Vijay Mallya- Narayana Murthy’s observation keep ringing in my years.
Essar Group is looking to sell its telecoms operations in Kenya and has decided not to go ahead with a proposed deal to acquire the services of Warid Telecom in Uganda and Congo, the Economic Times reported, citing two sources.
