Essar | Creating Value

Essar Global Fund Limited is an Indian conglomerate group based in Mumbai, India. The Fund is a global investor, controlling a number of world-class assets diversified across the core sectors of Energy, Metals & Mining, Infrastructure and Services.

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Essar awaits New Zimsteel share certificates - NewsDay ...

New Zimsteel majority shareholder Essar Africa Holdings is yet to commence work at the giant steel plant awaiting the government to transfer

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Rosneft, partners buy Essar Oil for $13 billion in largest ...

In the largest inflow of foreign direct investment, Russia's state-controlled oil giant Rosneft and its partners on Saturday took over India's second biggest private oil firm Essar Oil in an all-cash deal valued at about USD 13 billion. Rosneft bought a 49 per cent stake in Essar Oil's ...

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Zimbabwe finalises $750m Essar deal - Zimbabwe Situation

May 11, 2014· Zimbabwe says it has finally concluded a $750 million takeover deal of its giant iron processor Ziscosteel — now NewZim Steel — by Indian firm Essar Africa Holdings Limited. The deal, under which Essar acquired a 54 percent stake in the Kadoma-based steel maker, was agreed to in November 2011 ...

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Indian giant in bid to reverse Zimbabwe brain drain | The ...

Jun 30, 2011· Diversified Indian giant Essar Africa Holdings, which recently acquired a controlling stake in the Zimbabwe Iron and Steel Company (Ziscosteel), is going beyond Zimbabwe's borders to search for qualified personnel to restore operations at what used to be one of Africa's biggest steel makers.

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Zimbabwe: Essar's Zisco Takeover Mired in Controversy ...

Essar Africa Holdings Ltd, a Mauritian-based subsidiary of Indian steel-making giant Essar Group, won the tender to take over inoperative local steel company Ziscosteel amid controversy involving ...

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Essar to withdraw from Kenyan refinery project | Companies ...

Oct 13, 2013· Essar to withdraw from Kenyan refinery project. After months of controversy and speculation, Indian energy giant Essar Group has announced it is giving up its 50 percent stake in Kenya's oil refinery.

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Essar Africa News and Updates from The Economic Times - Page 2

Essar Power likely to spend Rs 1400 crore on importing coal via online platform 30 May, 2016, 05.55AM IST. Essar Power expects to spend Rs 1,400 crore this year to import coal from countries such as South Africa, Indonesia, Australia, Mozambique and Russia.

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Zimbabwe Govt, Indian Firm Abandon ZiscoSteel Workers

WASHINGTON DC — Workers at New Zimbabwe Steel Limited say they have been abandoned by the government and management of Indian steel manufacturing giant, Essar Africa Holdings, which signed a $750 million deal with the government in 2011 to revive the Zimbabwe Iron and Steel Company (ZiscoSteel).

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Essar shelves iron ore plant construction - DailyNews Live

Jan 05, 2014· HARARE - Essar Africa Holdings (Essar) has put on hold plans to build an iron ore beneficiation plant in Chivhu as government delays transferring reserves to the Indian firm. The Asian steel giant — holding a 54 percent stake in NewZim Steel, …

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Time to act on Essar deal - DailyNews Live

Mar 19, 2015· Essar, the African unit of India's Essar Group in November 2010 agreed to buy 54 percent in the country's collapsed steel giant, Ziscosteel (now New Zimsteel) in a deal worth $750 million but implementation has been delayed due to squabbles between them and government.

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Essar technical team expected in Zimbabwe - Bulawayo24 News

A technical team from Essar Africa Holdings Limited (EAHL) is expected at New Zim Steel this week as the steel giant reaffirms its commitment to the $750 million deal to revive operations at the ...

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New ZimSteel: The crumbling giant | Celebrating Being ...

IF there is a project that is shrouded in 'secrecy' and the public is misinformed about, it is the re-opening of the country's steel giant ZISCO Steel, now New ZimSteel. It is almost impossible to know what is happening because of all the misinformation surrounding the giant steel maker. The management and the workers are in the dark.

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Essar Group - Wikipedia

In FY19, Essar Group announced that Essar Ports handled a total of ~40 MT, which is a 11% increase over the total cargo handled in the previous fiscal. The growth has been driven by a 6% increase in captive cargo and a whopping 36% increase in third-party cargo. The numbers are great, especially when compared with the industry average of 5-6%.

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Govt seeks loan to pay Ziscosteel debt - Southern Eye

Govt seeks loan to pay Ziscosteel debt KWEKWE — The government has assured Essar Africa that it will secure a loan to pay off Ziscosteel's $200 million domestic debt to accelerate resumption of work at the fallen steel giant.

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Essar deal haunts Ziscosteel workers | The Herald

The collapse of a Government and Essar Africa Holdings $750 million deal meant to revive Ziscosteel is still haunting employees of the steel giant who are reeling in debt due to loans they ...

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Essar's Zisco takeover mired in controversy - The Standard

Dec 02, 2010· ESSAR Africa Holdings Ltd, a Mauritian-based subsidiary of Indian steel-making giant Essar Group, won the tender to take over inoperative local steel company Ziscosteel amid controversy involving greedy politicians and smear campaigns. Information …

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President's Office takes over Essar deal - NewsDay Zimbabwe

Apr 09, 2013· THE takeover of Ziscosteel by Essar Africa is now being co-ordinated by the Office of the President and Cabinet in a bid to bring closure to the deal . ... how Russian oil giant Rosneft uses its ...

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Essar Africa team descends on Ziscosteel - Southern Eye

Essar Africa team descends on Ziscosteel A TEAM from Essar Africa has been at New Zimbabwe Steel, formerly Ziscosteel, for the past two weeks as the Indian company steps up efforts to revive operations at the moth-balled steel giant.

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ESSAR deal …what's the way forward? | Celebrating Being ...

Jul 09, 2015· The minister says he was misquoted and that the ESSAR deal is still on. So which is which? It is almost impossible to know what is happening because of all the misinformation surrounding the giant steel maker. However, many are of the opinion that it has been too long a wait and it is time Government let ESSAR go and look for another investor.

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Zimbabwe: Essar Deal Haunts Ziscosteel Workers - AllAfrica.com

The collapse of a Government and Essar Africa Holdings $750 million deal meant to revive Ziscosteel is still haunting employees of the steel giant who are reeling in debt due to loans they ...

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Zisco bounces back | The Chronicle

Essar have capacity to transform Zisco into the most sophisticated steel-making giant in Africa, considering experiences in India, Canada, the UK and Indonesia.

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US$750m Essar deal crumbles - The Zimbabwe Independent

Apr 07, 2015· In March 2011, government signed a US$750 million deal with Indian firm Essar Africa Holdings in which the foreign investor agreed to take over and resume operations at the defunct state-owned Ziscosteel, but the troubled deal is yet to be implemented amid protracted re-negotiations.

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Essar Deal Haunts Ziscosteel Workers - Zimbabwe Today

The collapse of a Government and Essar Africa Holdings $750 million deal meant to revive Ziscosteel is still haunting employees of the steel giant who are reeling in debt due to loans they accessed from banks when the deal was signed in 2010. When the deal was signed, the Essar group issued Ziscosteel employees with …

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Zisco deal spurs further investment - The Standard

Jan 20, 2011· DIVERSIFIED Indian giant Essar Africa Holdings — which scooped a controlling stake in the Zimbabwe Iron and Steel Company (Zisco) — have set their sights on much bigger acquisitions in the country, including a major stake in a listed miner, RioZim Ltd. Government last year announced that it …

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Zisco deal spurs further investment - The Zimbabwe Independent

Jan 20, 2011· Vincent Kahiya DIVERSIFIED Indian giant Essar Africa Holdings — which scooped a controlling stake in the Zimbabwe Iron and Steel Company (Zisco) — have set their sights on much bigger acquisitions in the country, including a major stake in a listed miner, RioZim Ltd. Government last year announced that it was selling 60% of its […]

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Welshman Ncube - Wikipedia

Welshman Ncube (born 7 July 1961) is a Zimbabwean lawyer, businessman and politician. He is the former President of Zimbabwean political party Movement for Democratic Change – Ncube.He currently serves as MDC Alliance's 3 Vice President. He is a practicing lawyer in the firm Mathonsi Ncube Law Chambers, where he is the senior partner at their Bulawayo offices.

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Zimbabwe: Zisco Deal Spurs Further Investment - allAfrica.com

DIVERSIFIED Indian giant Essar Africa Holdings - which scooped a controlling stake in the Zimbabwe Iron and Steel Company (Zisco) - have set their sights on much bigger acquisitions in the country ...

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Essar awaits transfer to start operations | The Herald

He said Essar Africa was ready to commence operations at the giant steel firm once the outstanding issues were resolved and expressed optimism that production will start soon.

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