Essar Group - Wander City

$275 million equity infusion for Essar’s GreenLine Mobility – Times of India

alishpagda08@gmail.com2 months ago04 mins

NEW DELHI: Essar group venture GreenLine Mobility Solutions Ltd, India’s sole operator of LNG- and electric-powered heavy commercial trucks, has announced a $275 million equity investment, to accelerate the decarbonisation of heavy trucking in India.The invesetment includes $20 million from Nikhil Kamath, marking a significant boost to transformation of India’s logistics, the company said on…

Shashi Ruia, Indian billionaire & Essar group co-founder, dies at 81 – Times of India

alishpagda08@gmail.com7 months ago04 mins

Shashi Ruia chose to remain with the Group rather than pursue studies overseas. Shashikant Ruia, the 81-year-old Indian billionaire who co-established Essar Group, has passed away. The Ruia brothers, Shashikant and Ravi Ruia, started their business venture in 1969 when they established Essar group, securing their first contract worth Rs 2.5 crore from the Madras…