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| Type | Public (BSE: 500630) (BSE: 500134) |
|---|---|
| Founded | 1969 |
| Founder(s) | Shashi Ruia Ravi Ruia |
| Headquarters | Essar House, 11 Keshavrao Khadye Marg, Mahalaxmi, Mumbai, India |
| Key people | Shashi Ruia (Chairman) Ravi Ruia (Vice-Chairman) Prashant Ruia Director Anshuman Ruia Director Smiti Kanodia Director Rewant Ruia Director |
| Industry | Mobile telecom Steel Energy Power Communications Information Technology Shipping Ports Logistics Construction Mining & Minerals |
| Products | Steel Oil Power Mobile networks Engineering Procurement Construction |
| Revenue | ▲ US$ 14 billion (2008-09) |
| Website | www.essar.com |
The Essar Group (BSE: 500630), is a multinational conglomerate in the sectors of Steel, Energy, Power, Communications, Shipping Ports & Logistics as well as Construction. The Group's annual revenues were over USD 14 billion in FY08-09.
Essar began as a construction company in 1969 and diversified into manufacturing, services and retail.
Essar is managed by Shashi Ruia, Chairman – Essar Group and Ravi Ruia, Vice Chairman Essar Group.
Steel
Essar Steel is a global steel company with strong presence in intensive steel consuming markets in Asia and North America. It is India's largest exporter of flat steel with 14 MTPA (million tons per annum) of capacity.[citation needed] Essar Steel is fully integrated from mining to retail and has strong downstream capability with a global retail capacity of over 3 MTPA.
Global footprint
In 2007, Essar Steel acquired Algoma Steel in Canada, which has a current capacity of 4 MTPA, and Minnesota Steel, which has iron ore reserves of over 1.4 billion tons. The company is building a 6 MTPA pellet plant, a concentration plant and a direct reduced iron plant in Minnesota. In Indonesia, it operates a 400,000 TPA cold rolling complex with a galvanizing line of 150,000 TPA, making it the largest private steel company in that country.[citation needed]
Indian operations
Essar Steel is the largest steel producer in western India,[citation needed] with a capacity of 10 MTPA at Hazira, Gujarat. The Essar Steel complex at Hazira in Gujarat,[citation needed] India has a complete infrastructure setup, including a captive port, lime plant and oxygen plant.[citation needed] The company is building a 1.5 MTPA plate mill and a 0.6 MTPA pipe mill in Hazira.[citation needed]
The Indian operations also include an 8 MTPA beneficiation plant at Bailadila, Chhattisgarh,[citation needed] an 8 MTPA pellet complex at Visakhapatnam,[citation needed] a 5.5 MTPA hot briquetted iron plant in Hazira[citation needed] and a 1.4 MTPA cold rolling complex.[citation needed] Additionally, Essar is setting up an 12 MTPA pellet plant in Paradip, Orissa.[citation needed]
Products and services
Essar Steel produces customized products catering to a variety of product segments and is India's largest exporter of flat products to the US and European markets,[citation needed] and to those of South East Asia and the Middle East.[citation needed]
Energy
Essar Energy is a fully integrated oil & gas company of international scale with strong presence across the hydrocarbon value chain from exploration & production to oil retail.[citation needed] It has a portfolio of onshore and offshore oil & gas blocks worldwide, with about 70,000 sq km available for exploration.[citation needed]
Exploration and production
The Exploration and Production business of the company has participating interests in several hydrocarbon blocks for exploration and production of oil & gas. This includes the Ratna and R-Series fields and one shallow water offshore exploration block, both in proximity to the Mumbai High field in the Mumbai offshore basin. The business also has interests in an exploration block in Mehsana, Gujarat, which in currently under commercial production. It additionally owns a Coal Bed Methane (CBM) block at Durgapur in West Bengal, and two more exploration blocks in Assam, India. The overseas exploration assets include two onshore oil & gas blocks in Madagascar-Africa, one onshore block in Indonesia, two offshore blocks in Australia and one offshore block each in Vietnam and Nigeria.[citation needed]
Essar also owns a 50 percent stake in an 88,000-bpd refinery operated by Kenya Petroleum Refineries Ltd in Mombasa, Kenya.[citation needed]
Power
Essar Power is today India's second largest power generation company in the private sector.[citation needed] Its current generation capacity of 1,200 MW is being expanded to 6,000 MW.[citation needed] With a portfolio of gas, coal and liquid fuel based power plants, Essar Power is among the lowest cost power producers. It has also entered the transmission and distribution sectors in India where it has quickly built a strong presence.[citation needed]
Existing and upcoming plants
Essar Power operates five power plants with a combined capacity of 1,200 MW in three locations across India.[citation needed] Including two gas-based plants and one liquid fuel based plant in Hazira, a co-generation plant in Vadinar and a coal-based plant in Visakhapatnam.[citation needed]
Communications
Essar Communications is in the communications sector with presence in telecom services, telecom retail, telecom tower infrastructure and business process outsourcing.[citation needed]
Vodafone-Essar
Vodafone-Essar is a joint venture of Essar Communication Holdings Ltd and the UK-based Vodafone Group. It is one of India's largest cellular service companies, with a subscriber base of over 75 million. Essar is also venturing into emerging markets in Africa and South Asia. In Kenya, Essar Communications has launched a new cellular services brand called “yu”, becoming the country’s fourth telecom operator.[citation needed]
Shipping Ports & Logistics
Essar Shipping was started in 1945.Ports & Logistics is a comprehensive sea logistics company with presence in sea transportation, ports & terminals, logistics and oilfields services. It owns a shipping fleet of 25 vessels, and has placed orders for 12 new ships.[citation needed] It is one of India's largest operators of ports and are building a cargo handling capacity of over 150 MTPA[citation needed].
Sea transportation
The Sea Transportation business provides transportation management services for crude oil and petroleum products, and dry bulk cargo to the global energy, steel and power industries. It has a diversified fleet of 25 vessels, including Very Large Crude Carriers, product tankers and cape-sizes. It provides crude oil and petroleum products transportation, transportation management services and integrated dry bulk transportation services.[citation needed]
Ports and terminals
The Ports & Terminals business is among India's largest owners and operators of ports and terminal facilities. The operations include an oil terminal in Vadinar and upcoming bulk terminals in Hazira and Salaya, all in the state of Gujarat. Vadinar, which is an all-weather, deep-draft port, serves major oil refineries and independent cargo traders in the region. The terminal has crude receiving capacity of 32 MTPA (being expanded to 50 MTPA) and sea-based product dispatch capacity of 14 MTPA. The port at Hazira has a capacity to handle 8 MTPA of bulk cargo. This will be enhanced to 30 MTPA through building a shipping channel that can berth larger vessels. The enhanced capacity will not only serve the expansion in the Hazira steel plant, but also cater to the needs of the upcoming Essar SEZ units. The business is also building a port, of about 20 MTPA capacity, at Salaya comprising a bulk and liquid terminal with container handling facilities.[citation needed]
Logistics
The Logistics business provides end-to-end logistics services from ships to ports, lighterage services, intra-plant logistics and dispatch of finished products. It owns trans-shipment assets to provide lighterage support services, and onshore & offshore logistics services. It also operates a fleet of 4,200 trucks to provide inland transportation of steel and petroleum products.[citation needed]
References
External links
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