Essar Group is reportedly in talks with global investment firm Brookfield to sell its 1.25 mn sq ft Equinox Business Park at Bandra-Kurla Complex in Mumbai for about Rs 2,400 crore. Essar is reducing its debt by monetising non-core assets.
The Vizag port run by the Essar Group will reportedly be shutting its operation for a week prior to the commissioning of a new 8,000-tonne per hour ship loader. As per reports, the commissioning of the ship loader is part of the port's Rs 830 -crore modernisation and expansion project.
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Kenya is an important trade and investment partner for India. Bilateral trade was $4.235 billion during 2014-15. And India´s exports were worth nearly $4.12 billion. In 2003, RA Goenka was appointed as Honorary Consul of the Republic of Kenya
Manoj Menda is doing some serious commercial talk. The Corporate Vice Chairman of Bengaluru-based RMZ Corp is driving the company´s mega deal of buying Essar Group´s Equinox Business Park in Mumbai for about Rs 2,400 crore.
Essar Group plans to sell the Stanlow refinery in Britain for $600 mn. The company is seeking to raise $500 mn -$600 mn for the plant in the northwest of England. However other plants recently put up for sale in the UK viz, Murco's Milford Haven and the Bankrupt Petroplus's Coryton, have failed to find buyers.
Kiran Pujari, Head-Technical Services, Arcelor Mittal, has been associated with the construction industry for more than 18 years. Over the years, he has opened a new market segment in power and bridge projects