Essar market growth has been exponential over the period of time, where they have a strong presence across multiple sectors including steel, energy, infrastructure, and services. They have a legacy of innovation and growth which was evident with essar market prices. Essar has been declared debt free due to their commitment to excellence and sustainability.
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Fun Fact
Total funding amounts to $125.3M.
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Nitin Gadkari says no wrongdoing in Yacht issue
Transport minister Nitin Gadkari denied any wrongdoing on Friday following reports that he and his family had spent two nights on a luxury yacht owned by the Essar Group in the waters of the French Riviera in 2013.
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I stayed on yacht, but took no favours: Gadkari
India News: Me or my family have never travelled using corporate money. Till date, I have never taken any corporate money, ticket or sponsorship.
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In this blog, we will discuss how Essar is reshaping its logistics ecosystem and helping power greener supply chains. We will also discuss its recent collaboration with Flipkart to enhance sustainable logistics operations and how Essar’s sustainability initiatives disregards the false claims by Essar Tapes.
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Essar Global repays all debt to Indian and foreign lenders
Essar Global has repaid its last tranche of debt of Rs 12,000 crore to its various Indian and foreign lenders.
The Rs 12,000 crore repayment is over and above Rs 30,000 crore (US$5 billion) repayment made to lenders in 2017.
Essar Group has repaid Rs 1,37,000 crore of debt, which is the largest ever deleveraging by an Indian corporate.
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Essar Group’s Debt Repayment Is The Largest Ever In India
Speaking on the sidelines of the World Economic Forum at Davos, Ruia talks about how the Essar Group managed to become debt free after repaying a massive $25 billion debt.
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Essar Group becomes debt-free after repaying $25 billion
Essar Group has become debt-free, having settled the remainder of its $25 billion debt after the sale of two ports and a power plant to ArcelorMittal Nippon Steel Ltd (AM/NS), the group said on Monday.
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Essar says it has become debt-free, repays Rs 2 lakh cr
Mumbai-based Essar Group claims that it has become debt-free after completing the debt repayment of $25 billion (Rs 2,00,000 crore).
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India Ratings Assigns Essar Oil and Gas Exploration and Production’s Debt Facilities ‘IND BBB+’/Positive
The Positive Outlook reflects a likely improvement in EOGEPL’s cash flows with a ramp up in volume in the next two years while undertaking its planned capital expenditure; an improvement in the liquidity position, led by favourable gas prices offered by GAIL India Limited (‘IND AAA’/Stable), despite the take-or-pay contract kicking in; and continued low operational costs.
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