Ruias

The Essar Group is currently led by his younger brother Ravi and his sons Prashant and Anshuman

Shashi Ruia, who co-founded the Essar Group along with his brother Ravi Ruia, is credited for expanding the company's global footprint

The ownership of port assets had been in courts since 2020 after AM/NS India moved the Gujarat High Court

One of the first in its portfolio would be a 87.5 Mw project at Datia in Madhya Pradesh

Big business houses such as the Tatas, Anil Ambani, multinationals like Malaysian tycoon T Ananda Krishna of Maxis failed to create viable businesses

Group repaid Rs 1.4 trn debt to banking system over past three years; promoters say it currently generates earnings of Rs one trn a year, mainly from UK refinery

Despite losing Essar Steel in insolvency proceedings, cash flows remain strong, with Rs 1,00,000 crore of revenues from existing businesses

From the Ruias being set to wrest back control of the Mahan Power project to the govt's warning that GST relief for auto cos may raise burden on other goods, here are Thursday's top business headlines

Banks reject L N Mittal's conditional offer

The company has sought details of payouts from lending banks