Essar concerned at delays to projects

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The Independent Online

Shares in Essar Energy fell 4 per cent yesterday after the India-focused refiner and power generator warned that three projects would be delayed as it battles hold-ups from regulators on power plant and coal mining projects. For the six months ended 30 June, the FTSE 100-listed company posted underlying earnings of $478m, up from $320m last year. Reuters

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