ESSAR DUO SET TO RAKE IN Rs534 CR FROM STAKE SALE
Article Abstract:
Essar Steel and Essar Oil may get cash inflows of Rs440 crore and Rs94 crore respectively through the sales of their equity stake in Essar Power Ltd (EPL). Essar Steel holds a 42 percent stake in the Rs524 crore equity of EPL while Essar Oil holds 9 percent. Prime Hazira of Mauritius, which holds a 49 percent stake in EPL at present, has been permitted by the Foreign Investment Promotion Board to acquire the entire equity stake of the company. (khr)
Comment:
Sells 9% stake in Essar Power to Prime Hazira of Mauritius for Rs94 crore
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
TNEB, TEXAS UTILITIES TO SIGN AGREEMENT
Article Abstract:
A memorandum of understanding is to be signed by the Tamil Nadu Electricity Board and Texas Utilities of the US to concentrate on demand-side management, restructuring, independent power and plant management. TNEB is to exchange technical personnel with the US company for training and cooperation under the energy partnership programme. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: WILL KARNATAKA HAVE AMPLE POWER BY 2000 AD? HUDCO TO FINANCE KEB'S Rs220-CR BOND ISSUE
- Abstracts: LOW TARIFF ON SUGAR IMPORTS DESTROYING SUGAR INDUSTRY. BASL NETS Rs8.45 Cr FOR 9 MONTHS. SWEET RELIEF, OUT OF CONTROL
- Abstracts: ICICI GOES FOR A NEW IDENTITY ICICI OFFLOADS STAKE IN LUCAS-TVS
- Abstracts: FLEX INDUSTRIES POSTS LOSSES, GOES FOR DEBT REVAMP SKF POSTS Rs23.9 Cr LOSS
- Abstracts: SIV's NET LOSS MOUNTS TO Rs88.6 CRORE SEARLE Q1 SALES UP TO Rs88 CR SISCOL Q3 LOSS MOUNTS TO Rs23.25 CRORE