Essar Power's renewables unit names Ankur Kumar CEO

16 Apr 2024 CW Team

Essar Power, owned by Ruia, announced that Ankur Kumar had been appointed as the Chief Executive Officer of its renewables business division.

Essar Power stated that Ankur would play a crucial role in advancing Essar's commitment to transitioning into green energy and establishing a robust renewable ecosystem in India. They mentioned that Kumar brought a wealth of knowledge and expertise to his new role, drawing from his over 24 years of experience in renewable energy and public infrastructure sectors.

It was noted that previously Kumar had served as the CEO at ACME Solar Holdings, where he led the strategic expansion of the company into green hydrogen and ammonia businesses. He had also held a leadership position at TBEA Xinjiang Sunoasis Co, a Chinese green energy company.

Essar Power further stated that in his new role, Kumar would collaborate closely with the Essar Power board and leadership teams to work towards building a strong portfolio in renewable energy and onboarding other crucial talents to drive Essar Power's green energy initiatives forward.

Kumar, an alumnus of the Indian Institute of Management, Indore, where he obtained his MBA in Finance and Strategy, and also holding a Bachelor of Commerce (Hons.) degree from Delhi University, was quoted as saying, Essar is aggressively pursuing its vision of transforming sector landscapes to green. With Ankur Kumar joining us, we hope to further our plans in renewables. His wealth of experience and demonstrated leadership will help drive Essar Power towards a more sustainable future, by Prashant Ruia, Director of Essar Capital.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..