Essar began as a construction company in 1969 and has diversified into manufacturing, services and retail over the years since then. Over the last decade, it has grown through strategic global acquisitions and partnerships, or through greenfield and brownfield development projects, capturing new markets and discovering new raw material sources.
Today, Essar continues to expand its global footprint, focusing on markets in Asia, Africa, Europe, the Americas and Australia. Essar invests significantly in the latest technology to drive forward and backward integration in its businesses, and on leveraging synergies between these businesses. It also focuses on in-house research and innovation to be a low-cost manufacturer with high-quality products and innovative customer offerings.
Essar Global Fund Limited (“Essar Fund”) is a global investor, with majority or total ownership in a number of world-class assets diversified across the core sectors of Energy (comprising refining, power generation and exploration and production), Metals & Mining (comprising iron ore and coal mining, pellet making, steel manufacturing and steel retailing), Infrastructure (comprising ports and EPC businesses) and Services (primarily comprising shipping and BPO businesses).
The aggregated revenues of EGFL’s portfolio companies total circa US$35 billion as at March 2013. EGFL’s portfolio companies employ over 73,000 people across 29 countries, and have adopted international standards of health, safety, environmental protection and corporate governance.
700k bpd / 37 MTPA refining capacity
#2 largest single location refinery in India and UK
Production of 15% of UK transport fuel
Among largest coalbed methane acreage in India
Metals and Mining
#1 single location flat steel producer in India by capacity
Among world’s largest iron ore pellet producers
27 MTPA pellet capacity
350 retail outlets across India
2 bnt of iron ore resources
#2 largest private ports business in India by capacity
Engineering Procurement and Construction business with 40 year track record
$3bn + EPC order book
Largest capesize fleet in India with 41 marine vessels
BPO presence in 56 locations in 13 countries