In Short : Essar plans to invest ₹30,000 crore in a green hydrogen plant in Gujarat. This significant investment aims to enhance green hydrogen production, contributing to India’s clean energy transition and supporting sustainable industrial practices. In Detail : Essar Group is also considering an entry into mining of critical minerals, mainly used in electric […]
Essar, Gujarat Govt ink three MoUs totaling Rs 55,000 crore for energy, power, and ports – EQ
In Short : Essar Group and the Gujarat Government sign three MoUs amounting to Rs 55,000 crore. These agreements likely cover investments in energy, power, and ports sectors, showcasing collaborative efforts for infrastructure and economic development in the state. In Detail : Ahmedabad : Essar signed three Memorandums of Understanding (MOUs) with the Government of […]
Essar, Desert Tech sign pact for renewable energy solutions for Saudi steel project – EQ
Essar has been tying up the back end for its proposed Saudi steel plant, which is expected to start production in 2027 Desert Technologies (DT), an independent solar photovoltaic (PV) and smart infrastructure holding company has signed a memorandum of understanding (MoU) with the Essar group to develop renewable energy solutions for the Indian firm’s […]
Essar to invest Rs 2,000 crore in Bengal’s brownfield CBM project – EQ Mag
Kolkata : Essar Oil and Gas Exploration and Production Ltd (EOGEPL) will invest another Rs 2,000 crore in the next 18 to 24 months in its coal bed methane project in West Bengal’s Raniganj, an official said. The company earlier had already invested Rs 5,000 crore in the Raniganj block in drilling 350 wells and […]
Essar on a new path of growth, to invest in energy, steel, mining sectors – EQ Mag
Armed with substantially lighter balance sheet after repaying Rs 2 lakh crore debt, Essar is embarking on the next phase of growth by investing in hydrogen projects Armed with substantially lighter balance sheet after repaying Rs 2 lakh crore debt, Essar is embarking on the next phase of growth by investing in hydrogen projects, building […]
Essar sets up Vertex Hydrogen to help drive energy transition in UK – EQ Mag Pro
The UK’s first low carbon hydrogen facility at Essar Stanlow will sit at the heart of the HyNet low carbon cluster, to produce a total of 1GW per year of hydrogen, across two units, from 2026. Essar has formed Vertex Hydrogen Limited, a transformative new joint venture, with Progressive Energy, to build the UKs largest […]
Essar sets up Vertex Hydrogen to help drive energy transition in the UK – EQ Mag Pro
Major step in supporting the sustainability of Essar Oil (UK) Limited Stanlow: Essar today announced that it has formed Vertex Hydrogen Limited, a transformative new joint venture, with Progressive Energy, to build the UK’s largest hydrogen hub at the Stanlow Manufacturing Complex. Led by Essar as the majority shareholder, Vertex Hydrogen has been formed to […]
Jindal, JSW, Essar, Korba West to supply 1,000 MW power under Pilot Scheme-II to 3 states
Under Pilot Scheme-II of Ministry of Power, Jindal Power would supply 315 MW, followed by Korba West Power Company (295 MW), JSW Energy (290 MW), Essar Power M P Ltd (100 MW). New Delhi: Four power producers, including Jindal Power and JSW Energy, are set to supply 1,000 MW power collectively to three south Indian […]
Power engineers seeks review of PPAs with exorbitant electricity rates
PATIALA: All India Power Engineers Federation (AIPEF) strongly opposes any amendment in the Electricity Act aimed to destroy the public sector and pave the path for privatisation. The state governments must review the Power Purchase Agreements (PPA) with independent power producers having exorbitant electricity rates. AIPEF fully supports Andhra Pradesh government’s pledge to review PPA’s […]
Brookfield Asset Management bets big on India
Brookfield Asset Management: A Canadian firm with $ 350 billion of assets under management and a 120 year heritage, seems to be favouring India, and is on a deal making spree in the country with acquisition of hotels, real estate and a massive gas pipeline. Just last week, an investment trust led by Brookfield bought […]