Essar Oil plans $6 billion refinery expansion Essar Oil said on Friday it will spend about $6 billion to expand its refining capacity, and added it had shelved a plan to delist the company's shares from the Indian stock market. 16 Nov 2007
12.
Essar backs away from developing Iranian oil refinery Essar Group has backed away from development of a new oil refinery in Iran that would violate U.S. sanctions on Tehran, Minnesota Governor Tim Pawlenty said. 03 Nov 2007
13.
Iran, Essar $10 billion refinery JV to start work in 2008 Iran's state oil refining firm and Essar Group are expected to start building a 300,000 barrels per day (bpd) refinery in southern Iran early next year, sources close to the deal said. 26 Oct 2007
14.
Essar to build new oil refinery in Gujarat The Essar group will raise its total refining capacity to 680,000 barrels per day (bpd) by June 2010 by setting up a new plant and expanding capacity at an existing unit, a top company official said. 11 Oct 2007
Essar mulls independent mobile phone foray The Ruias-owned Essar Group, the minority partner in India's second largest mobile services provider, Vodafone-Essar, is mulling an independent foray into the lucrative Indian telecom market, the fastest growing in the world, and has applied for license under BPL Mobile for a pan-Indian presence. 13 Sep 2007
17.
Essar to invest $300 million, to set up 2500 'The MobileStore' outlets across India India's leading business conglomerate, the Essar Group has announced an investmant plan of $300 million (Rs. 1,200 crore) over the next three years to ramp up its telecom retail venture and set up 2500 outlets – 'The MobileStore' – across the country. 30 Aug 2007
18.
Essar chief to help fund The Elders Shashi Ruia, chairman of Essar Group, has joined the ranks of Virgin Group boss Richard Branson and British singer and anti-apartheid campaigner Peter Gabriel to fund a group of global leaders that would work together under the name of 'The Elders' to advance the causes of peace and global justice. 25 Jul 2007
19.
Huawei closing big deals with Indian telecom service providers Chinese telecom equipment supplier Huawei Technologies, is making its presence felt in India, the world's fastest growing mobile market, by wooing telecom services providers in the country for millions of dollars worth of network outsourcing contracts. 19 Jul 2007
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Essar to acquire Canadian steel firm for $1.58 billion Ruia-controlled Essae Steel has announced that it has finalized an agreement to acquire Canadian firm Algoma Steel for an aggregate value of 1.8 billion Canadian dollars (approx $1.58 billion) to be paid in cash. 17 Apr 2007
