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essar energy

Ruia family secures majority votes to win Essar governance battle
September 6, 2012

The family behind Essar Energy, a London-listed subsidiary of India’s Essar Group, appears to have won its battle against a British lobby group that had criticised its corporate governance practices.

The family behind Essar Energy, a London-listed subsidiary of India’s Essar Group, appears to have won its battle against a British lobby group that had criticised its corporate governance practices.
 
At the family-controlled business’s annual general meeting on 4 September, family member Prashant Ruia was re-elected as a director of the company, with 99.73% votes in his favour.
 

Essar Energy board in full support of Ruia family member
August 24, 2012

Essar Energy, a London-listed subsidiary of Indian family business Essar Group, is confident about its corporate governance principles, despite being criticised by a UK lobby group.

Essar Energy, a London-listed subsidiary of Indian family business Essar Group, is confident about its corporate governance principles, despite being criticised by a UK lobby group.

More setbacks hit Indian family business Essar Group
February 28, 2012

It is often said that bad news comes in threes. But it probably doesn’t hold true for Essar Energy anymore after the company, a subsidiary of Indian family business Essar Group, was hit by yet another setback this week.

It is often said that bad news comes in threes. But it probably doesn’t hold true for Essar Energy anymore after the company, a subsidiary of Indian family business Essar Group, was hit by yet another setback this week.

Family-controlled Essar Group loses billion-dollar tax case
January 18, 2012

Essar Energy, a subsidiary of Indian conglomerate Essar Group, is facing more setbacks after the family business lost a billion-dollar-plus tax case.

Essar Energy, a subsidiary of Indian conglomerate Essar Group, is facing more setbacks after the family business lost a billion-dollar-plus tax case.

“We are looking at legal options and we will file a review with the Indian Supreme Court within the next 30 days,” a spokesman for the company told CampdenFB.

Essar Group’s family considers infrastructure IPO
October 4, 2011

India’s family-controlled Essar Group is considering listing its infrastructure and ports division in London, with the aim of raising additional capital for further expansion.

India’s family-controlled Essar Group is considering listing its infrastructure and ports division in London, with the aim of raising additional capital for further expansion.

The Mumbai-based company, whose operations span steel manufacturing to shipping, is eyeing an initial public offering by early 2012, according to a report in Bloomberg.

Family-controlled Essar Energy hopes to expand overseas
August 23, 2011

Essar Energy, a subsidiary of the Mumbai-based family business Essar Group, is looking to expand its operations overseas, in a bid to meet rising demand for oil and gas. 

Essar Energy, a subsidiary of the Mumbai-based family business Essar Group, is looking to expand its operations overseas, in a bid to meet rising demand for oil and gas.

Essar's energy unit has big ambitions in India and beyond
August 20, 2010

India-based Essar Energy, a subsidiary of family-owned Essar Group, released half-year results showing a profit before tax of $154.4million, a decrease from $233.6million in the same period a year ago.

India-based Essar Energy, a subsidiary of family-owned Essar Group, released half-year results showing a profit before tax of $154.4million, a decrease from $233.6million in the same period a year ago.
 
However, second-generation Prashant Ruia, vice chairman of Essar Energy, said: "In terms of the actual results of the company we have been more or less in line with our projections. On the refining side, production has totalled 7.2 billion tonnes which has been a record."
 

Essar Energy raises £1.2 billion in IPO
May 4, 2010

India-based Essar Energy, a subsidiary of the family-owned Essar Group, raised £1.2 billion on Friday in an IPO on the London Stock Exchange.

India-based Essar Energy, a subsidiary of the family-owned Essar Group, raised £1.2 billion on Friday in an IPO on the London Stock Exchange.

Essar Energy announces listing as Ruia family plots global expansion
April 8, 2010

India-based Essar Energy, a subsidiary of the family-owned Essar Group, announced today it is planning to list its shares on the London Stock Exchange and expects to raise $2.5 billion.

India-based Essar Energy, a subsidiary of the family-owned Essar Group, announced today it is planning to list its shares on the London Stock Exchange and expects to raise $2.5 billion.
 
The IPO will be one of the largest by an Indian company on the LSE and Essar said it hopes to be considered for inclusion in the FTSE 100 Index upon completion of the listing.
 

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