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Essar Group
Industry ConglomerateFounded 1969
Founder(s)Shashi RuiaRavi Ruia
Headquarters Mumbai, IndiaArea served Worldwide
Key people
Shashi Ruia(Chairman)Ravi Ruia(Vice-Chairman)
Products
SteelOil & GasPowerMobile networksConstructionShippingBPO
Revenue US$ 15 billion (2009)Employees 70,000 (2009)
SubsidiariesEssar Steel, Essar Steel Algoma, Essar Oil, Essar Shipping, Essar Hypermart, The MobileStore
Website Essar.com
The Essar Group (BSE: 500630, BSE: 500134) is a multinational conglomerate corporation in the sectors of Steel, Energy, Power, Communications, Shipping Ports & Logistics as well as Construction headquartered at Mumbai, India. With operations in more than 20 countries across five continents, the group employs 70,000 people, with revenues of USD 15 billion.
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Essar House, Essar Headquarter, MumbaiEssar 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.[1]
Contents
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1 Steel 2 Global footprint
3 Indian operations
4 Products and services
5 Energy
6 Exploration and production
7 Power
8 Existing and upcoming plants
9 Communications
10 Vodafone-Essar
11 Shipping Ports & Logistics
12 Sea transportation
13 Ports and terminals
14 Logistics
o 14.1 From Early 19th-Century Trader to Late 20th-Century Conglomerate
o 14.2 Renewed Growth into the 21st Century
o 14.3 Principal Subsidiaries
o 14.4 Principal Competitors
o 14.5 Chronology (Key Dates)
o 14.6 Additional Details
15 References
16 External links
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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 8.6 MTPA (million tons per annum) 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]
As of May, 2010, Essar Global Limited the holding company of the Ruia brother raised up to £1.3bn by floatation of Essar Energy Plc on the London Stock Exchange. Essar Energy Plc is a FTSE 50 company. Essar had hired banks JPMorgan Cazenove and Deutsche Bank to organise the share listing. Sanjay Mehta a senior board member of Essar Global Limited was identified in the Economic Times of India* as the person who led the transaction. 7 March 2010, Essar announced that it had signed a deal to buy US coal producer Trinity Coal Partners from US private equity group Denham Capital for $600m.
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]
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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 Oil 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 km2 available for exploration.[
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 Energy, approximately 76% owned by Essar Group, is today India's fifth largest power generation company in the private sector after Tata power,Lanco power,Adani power and JSW energy.[ 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 Energy 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]It is market leader in western India. Essar Energy holds a controlling stake in Essar Oil.
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Existing and upcoming plants
Essar Power operates five power plants with a combined capacity of 1,200 MW in three locations across India. 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.[4]
Communications
Essar Communications is in the communications sector with presence in telecom services, telecom retail, telecom tower infrastructure and business process outsourcing. More Info
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 90 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.
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.[ It is one of India's largest operators of ports and are building a cargo handling capacity of over 150 MTPA[
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
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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.[
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
Source Essar Group Ltd. is one of India's leading privately owned, diversified conglomerates, with a total asset base of more than $5 billion and annual revenues of INR 100 billion ($2.2 billion). Whereas Essar Group itself is controlled by the founding Ruia family, much of the company's diversified holdings fall under its publicly listed subsidiaries. The company's subsidiaries include Essar Steel, the second largest private sector steel company in India; Essar Oil, a fully integrated oil and gas producer, and the first private sector Indian company to enter the market since its liberalization in the early 1990s; Essar Power, which operates a 515 megawatt (MW) natural gas power plant in Hazira, with plans to increase its total output to 2,500 MW by the end of the 2000s; Essar Shipping, the group's original activity, the leading shipping group in India, with 30 vessels, including India's first Very Large Crude Carrier (VLCC) tanker, representing some 14 percent of the country's total fleet; Essar Teleholding, which, through its joint venture Hutchison Essar is the second largest cellular telephone provider in India; and Essar Construction, a leading construction company in India. Other Essar holdings include subsidiaries involved in magazine publishing, business process outsourcing, information technology, and flower and vegetable production. Essar Group is led by Shashi and Ravi Ruia, sons of the c
The Ruia family originated in the Rajasthan region of northwestern India. As members of the powerful Marwari trading community, which also produced such Indian financial dynasties as the Birla and Mittal families, the Ruia family's background in trading reached back to the early 19th century. The development of the modern Essar Group began in the 1950s, however, when Nand Kishore Ruia left Rajasthan to establish his own business in Chennai (also known as Madras), in the Tamil Nadu region.
Ruia stuck to his trading roots, setting up an export business for the region's iron ore mining industry. By 1966, the group added stevedoring services, transporting the iron ore from the mines to the region's ports. By the end of the decade, the Ruia family had also entered the construction contracting market. Among Essar Group's first major construction contracts were the construction of an outer breakwater in Madras Port in order to support large tankers, completed in 1971, and the construction of a wharf and berth complex at Tuticorn port, completed in 1972.
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By then, however, the family business had been placed under the control of Shashi and Ravi Ruia, after their father's sudden death in 1969. Both in their early 20s, the Ruia brothers set out to expand the family business, and develop it into one of India's most successful and most diversified conglomerates.
Already at the end of the 1960s, the brothers targeted the shipping market, starting with the launch of Essar-Bulk Cargo Carriers in 1969. That operation originally served to transport the group's iron ore exports; by the mid-1970s, however, the company had begun providing a wider range of ship chartering and transport services. The shipping company grew strongly in the 1980s, notably through the 1983 acquisition of Karnataka Shipping Corporation. The enlarged operation was renamed as Essar Shipping Limited (ESL) in 1984.
The next phase of the shipping company's growth came in 1992, when ESL acquired South India Shipping Corporation (SISCO), adding that company's 14 vessels. The two companies were gradually merged, a process that was completed by 1996. At its height, Essar's shipping operations counted nearly 60 vessels; at the end of the 1990s, however, the company began trimming its fleet, back to 42 ships at decade's end.
Essar Construction continued to grow strongly through this period as well. The company completed a number of new major projects through the 1980s and into the 1990s. These included the construction of several new oil and ore berths at Mormugao Port, completed in 1977; the construction of two 7.2-kilometer pipelines near Bombay Port in 1983; a new 18-kilometer pipeline connecting a Bombay offshore facility to the Hazira Gujarat plant in 1985; and the dredging of the Mazgaon Docks in 1986. Pipelines and related construction became something of a company specialty as it completed a number of new projects into the 1990s, such as an order for 12 submarine pipelines for the Oil and Natural Gas Commission in Bombay, completed in 1989, and a one-kilometer ethylene pipeline crossing Panvel Creek, in Bombay, for Polyolefins Industries Ltd., completed in 1990. The following year, Essar Construction completed a new pipeline for Hindustan Petroleum Corp. in Baroda.
Essar also entered the steel industry, setting up Essar Gujarat, in the Gujarat region near Rajasthan, to take advantage of a new gas pipeline there.
The company built a successful business producing sponge iron through the 1970s and into the 1980s. By the end of that decade, the company had added hot briquetting capacity, with the installation of two new sponge iron production modules imported from Germany in 1989. These modules began commercial production in 1990. A third module was then added the following year, and launched its commercial production in 1993.
By then, however, Essar, with the encouragement of the Indian government, was determined to enter the global steel business and become a vertically integrated steel producer. In 1989, Essar Gujarat, which later changed its name to Essar Steel Limited, began construction on a new $90 million cold-rolled steel mill. Originally slated for completion in 1992, the launch of the new plant was delayed when the group decided to expand the plant's production capacity. Commercial production at the plant finally took place only in 1997; by then, however, global
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steel prices had fallen sharply, and, amid the economic crises sweeping the Asian region, the company found itself in its own financial difficulties. In 1999, the group made headlines when it was forced to default on some $250 million in eurobond loans.
Renewed Growth into the 21st Century
Part of Essar Group's troubles came from its rapid diversification. As Ravi Ruia described the company's strategy to reporters in 1994, "We will get into any new business that will make us more money. ... Today the canvas is wide open. We must have an open mind. We should have basic synergies with what we do, but we must not miss a major opportunity just because it does not fit in with our basic operations." Essar attempted to enter the financial market in the late 1980s and early 1990s. In 1989, the company set up a new subsidiary, India Securities Limited, which began providing a range of financial services, including lease financing, bill discounting, capital management, and money market services. Essar also attempted to enter the banking market, making a bid to acquire Tamil Nadu Mercantile Bank, based in Tuticorin and serving, in large part, the Nadar community in the region. By 1994, Essar had gained control of more than 70 percent of the bank, but was ultimately forced to sell off its shareholding due to protests from the bank's Nadar clientele.
Essar took advantage of the liberalization of India's economy, carried out in 1991, by entering the oil and gas market. The company established Essar Oil & Exploration in 1989 with the aim of operating in three areas, those of energy production, offshore exploration, and petroleum refining. In 1993, the company became one of the first to bid for the country's first private sector exploration contracts. The company won its bid for the two onshore blocks in Rajasthan, as well as an offshore field near Mumbai.
In that year, as well, Essar established its energy production division, Essar Power, with the construction of a 510 MW plant in Hazira, in the Gujarat region.
Through the 1990s, Essar also joined the race to capture India's telecommunications sector, which was liberalized in 1994. Essar formed a bidding partnership with Bell Atlantic to bid for cellular licenses in 1995. At the same time, Essar Gujurat formed a partnership with Sterling Cellular Limited to roll out the Essar Cellphone service in Delhi. The Essar Cellphone brand was later extended to the Rajasthan, Haryana, and Uttar Pradesh regions. The company added cellular stakes in the Punjab, Andhra Pradesh, and Karnataka regions through an alliance with JT Mobile Telecom Ltd.; the company also won a fixed line license in Punjab in the mid-1990s. By the early 2000s, Essar had found a new partner, Hong Kong's Hutchison Whampoa, and in 2002, the two companies agreed to merge their cellular businesses in India into a new joint venture, Hutchison Essar. That company, with revenues of more than $2 billion, became one of India's leading mobile telecommunications groups, with operations in 26 of the country's main markets. In 2005, Hutchison Essar grew again, paying $1 billion to acquire the wireless operations of BPL Mobile.
In the meantime, Essar Group had emerged from its financial crisis at the beginning of the decade. Although its reputation had been somewhat tarnished, the company's foundations had
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proven financially solid. During the first half of the decade, the company moved to focus its diversified operations more closely around its core businesses in steel, oil, energy production, shipping, and construction.
The company expanded its oil business in 2001, with the opening of its first service stations. The company hoped to become a major player in that market, announcing its aim to open as many as 2,000 service stations in India. At the same time, the company expanded its exploration operations, focusing on the Rajasthan region. The company's construction wing also continued to grow. In 2003, for example, Essar won a $29 million contract to build a water supply system in the Rajasthan region. By then, Essar had launched its first foreign operation, building a $35 million cold-rolling mill in Indonesia as part of a joint venture. Completed in 2003, the new facility's full-scale capacity was expected to top 400,000 tons per year. Closer to home, Essar also targeted its power generation operation for growth into the second half of the decade. By the beginning of 2006, Essar Group had announced its intention to expand its power generation capacity to 2,500 MW by 2010. The company also remained a heavyweight player in India's shipping industry; in 2006, the company announced that it was buying a new VLCC, solidifying the group as the country's leading private sector fleet operator. With total assets of more than $5 billion, and annual revenues of more than $2.2 billion, Essar Group had become one of India's leading and most diversified private sector conglomerates.
[Principal Subsidiaries
Essar Investments Ltd. Essar Oil Ltd.
Essar Power Ltd.
Essar Shipping Ltd.
Essar Steel Ltd.
Essar Teleholdings Ltd.
PT Essar Dhananjaya (Indonesia).
Essar Projects Ltd
over 200 subsidiaries in all under the aegis of Essar Global which is a company registered in Cyprus
Principal Competitors
RPG Enterprises Tata Sons Ltd.
Murugappa Group
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Jaypee Group
SKG Solvex Ltd.
Amalgamations Ltd.
Dabur India Ltd.
Balmer Lawrie and Company Ltd.; Escorts Ltd.; HMT Ltd.; Greaves Cotton Ltd.; Bombay Burmah Trading Corporation.
Chronology (Key Dates)
1956 Nand Kishore Ruia moves to Madras and establishes the Essar Group as a trading company.
1966 The company enters the stevedoring market for the region's iron ore mining industry.
1969 After Ruia's death, his sons Shashi and Ravi become heads of the company and launch a long diversification drive, starting with an entry into the construction market, through Essar Construction, and the shipping industry, through Essar Bulk Cargo Carriers.
1975 The company establishes Essar Gujarat (later Essar Steel) to produce sponge iron ore.
1976 The company establishes Essar Investment as a holding for the Ruia family's diversified investments.
1983 The company acquires Karnataka Shipping Corporation.
1984 Essar Bulk Cargo Carriers is renamed as Essar Shipping Limited (ESL) in 1984.
1989 The company establishes Essar Oil & Exploration with plans to develop integrated oil services.
1992 The South India Shipping Corporation is acquired.
1993 The company wins exploration bids for fields in Rajasthan and offshore Bombay; construction of a 510 megawatt (MW) power plant is launched in Hazira.
1995 The company enters the mobile telecommunications market.
1996 The company creates an alliance with Sterling Cellular Limited and rolls out the Essar Cellphone brand.
1999 Essar Group is forced to default on loan payments.
2001 Essar Oil begins developing its own service station network; Essar Steel forms a partnership to build a cold-rolled steel plant in Indonesia.
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2002 The company merges cellphone operations into the Hutchison Essar joint venture.
2005 Hutchison Essar acquires BPL's cellular phone operations in India.
2006 Essar buys a new Very Large Crude Carrier (VLCC) tanker.
Additional Details
Private Company Incorporated: 1956
Employees: 5,000
Sales: INR 100 billion ($2.2 billion) (2005)
NAIC: 331111 Iron and Steel Mills; 213111 Drilling Oil and Gas Wells; 211111 Crude Petroleum and Natural Gas Extraction; 213112 Support Activities for Oil and Gas Field Exploration; 334220 Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing; 532412 Construction, Mining and Forestry Machinery and Equipment Rental and Leasing; 483113 Coastal and Great Lakes Freight Transportation; 483111 Deep Sea Freight Transportation
External links
Official site of Essar Group
Official site of the Essar Steel
Oil & Gas
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Power
Telecom
Infotech
Shipping & Logistics
Constructions
Other Businesses
Aegis Limited
Forbes Magazine Shashi & Ravi Ruia Profile
v · d · eEssar Group
CompaniesEssar Steel · Vodafone Essar · Essar Shipping · Essar Oil · Essar Energy · Essar Hypermart · The MobileStore · Orange (India)
Notable non-Indian Companies
Essar Steel Algoma · Minnesota Steel LLC
Retrieved from "http://en.wikipedia.org/wiki/Essar_Group"Categories: Companies listed on the Bombay Stock Exchange | Companies based in Mumbai | Companies established in 1969 | Economy of Maharashtra | Economy of Mumbai | Companies based in Maharashtra | Conglomerate companies of India | Companies listed on the National Stock Exchange of India | Essar GroupHidden categories: All articles with unsourced statements |Articles with unsourced statements from October 2009
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Established in 1901, Essar Steel Algoma Inc. is an integrated steel producer based in Sault Ste. Marie, Ontario, Canada. The company was known as Algoma Steel Inc. until 2007 when it was acquired by Essar Steel Holdings Ltd, a wholly owned subsidiary of Essar Global Ltd.
Capacity Essar Steel Algoma’s current production capacity is 4.0 MTPA. Work on expanding the capacity is underway.
FacilitiesEssar Steel Algoma boasts of integrated steelmaking operations and a flexible manufacturing process for sheet / plate mix. Some of the key equipment at the plant include a low-cost, technologically advanced Direct Strip Production Complex (DSPC), a slabcaster, a 106-inch strip mill (one of the widest in North America), a 166-inch plate mill, a cold mill and blanking facility that helps produce steel customized for client requirements, and a welded beam division.
Strengths High-end, custom-made products, as well as proximity to the demand-driven North American market and Fortune 500 customers make Essar Steel Algoma a significant element of Essar’s global expansion plans.
Essar EnergyEssar Energy
Type Public company (LSE: ESSR)
Industry Energy
Founded 1998
Headquarters Port Louis, Mauritius
Key people Ravi Ruia, ChairmanNaresh Nayyar, CEO
Products Electricity generation andtransmission; oil and gas exploration and production, oil refining
Services Fuel stations
Revenue US$10,005.6 million (2010)[1]
Operating income
US$538.8 million (2010)[1]
Profit US$248.3 million (2010)[1]
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Parent Essar Group
Subsidiaries Essar Oil
Website www.essarenergy.com
Essar Energy plc (LSE: ESSR) is a United Kingdom-incorporated, Mauritius-
headquartered energy business operating primarily in India. Part of theEssar Group, the
firm has interests in both the power generation and petroleum industries. It is listed on
the London Stock Exchange and is a constituent of the FTSE 100 Index.
Contents
[hide]
1 History
2 Operations
o 2.1 Power
o 2.2 Petroleum
3 References
4 External links
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History
Established in 1998 as a wholly owned business unit of the Essar Group conglomerate,[2] the firm was partly floated on the London Stock Exchange in April 2010, marking the
exchange's largest initial public offering since December 2007.[3] The company was
added to the FTSE 100 Index at the subsequent quarterly review. Essar Group retains
an approximate 76% stake in Essar EnergyThe lead underwriters to the Initial Public
Offering were JPMorgan Chase and Deutsche Bank. The primary offering raised
£1.3bn. Ravi Ruia, the Chairman, and Sanjay Mehta, a senior board member of Essar
Global Limited, were identified in an Economic Times of India article as instrumental in
the listing.[5]
Power
Essar Energy has an installed power generation capacity of 1,220MW across
four plants.[6] 75% of the firm's electricity output is supplied to other Essar companies
which have facilities adjacent to the plants. The company intends to increase its
generation capacity to 11,470MW using funds raised from its initial public offering.[7]
Petroleum
The firm's oil and gas operations are carried out through its 86%-owned
subsidiary[8] Essar Oil Limited, which is listed on the National Stock Exchange of
India and the Bombay Stock Exchange. Essar Oil owns and operates a petroleum
refinery in Vadinar, India's second largest, which has a capacity of 14 million metric tons
per annum.[9] It also owns 50% of Kenya Petroleum Refineries Limited (the remainder
being held by the Kenyan government), which operates the Mombasa Refinery.
The firm markets refined petroleum products under the Essar brand, both wholesale
and through its network of around 1,300 franchised fuel stations.
Essar Oil holds both onshore and offshore petroleum exploration and production rights
within India, as well as rights to a coalbed methane block. The firm also holds
exploration and production interests in Nigeria, Vietnam, Australia, Indonesia, and
Madagascar. Its total reserves amount to 2 million barrels of oil equivalent (mmboe) of
2P (proved plus probable) resources, 148 mmboe in contingent resources and 1,012
mmboe in prospective resources.
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Essar Oil
Type Public (BSE: 500134)
(NSE: ESSAROIL)
Industry Oil and gas industry
Headquarters Mumbai, India
Key people Ravi Ruia, Chairman
Naresh Nayyar, CEO
Products Gasoline
Revenue 36,720 crore (US$8.15 billion)[1]
Parent Essar Group
Website essar.com
Essar Oil (BSE: 500134) | (NSE: ESSAROIL) is an Indian integrated oil and gas
company that is part of the Essar group based in Mumbai. It operates a major refinery in
Gujarat, India, which made it the second largest non-state refiner in India in 2009.[2]
In July 2009, Essar acquired a 50% stake in Kenya Petroleum Refineries Ltd.[3
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Essar Steel
Type PublicFounded 1998Headquarters Mumbai [1]
Key peopleRavi Ruia, ChairmanNaresh Nayyar, CEO
Revenue 35,000 crore (US$7.77 billion)[2]
Parent Essar Group
SubsidiariesEssar Steel Algoma, Essar Hypermart, Essar Steel Minnesota LLC[3]
Website www.essar.com
Essar Steel is the one of the leaders in the country and abroad in the steel sector. The
company has a number of international centers like the Minnesota Steel LLC, a
company located in the USA,Algoma Steel in Canada, Greenfield projects in Vietnam,
Steel plant in Indonesia, and Integrated steel plant Trinidad and Tobago.[4] It has a
current capacity of 8.6 million tonnes which they plan to raise to 14 mt by 2011-12. [2]
Essar ShippingEssar Shipping Ports & Logistics Ltd
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Type Public (BSE: 500630)
Industry Shipping PortsLogistics
Founded 1945
Headquarters Mumbai [1] India
Key people Shashi Ruia(Chairman)Sanjay Mehta(CEO & MD)[2]
Revenue 1,132.80 crore (US$251.48 million)
Parent Essar Group
Website essar.com
Essar Shipping Ltd. now ESSAR SHIPPING PORTS & LOGISTICS LTD is
an Indian shipping and logistics corporation with a focus on transportationsolutions for
the global energy business. The company is a part of Essar Group. It was started in
1945. The company is listed in Bombay Stock Exchange BSE: 500630. The company
headquarter is located in Mumbai.[1]
The company's fleet handles a daily average of eight million barrels of crude oil,
320,000 barrels of petroleum products and 355,000 tons of dry bulkcargo. Essar
Shipping Ports & Logistics Ltd was the first Indian shipping company to obtain
the International Safety Management Code (ISM) in 1995 and is also ISO
14001 certified.
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Contents
[hide]
1 Current operations
o 1.1 Sea Transportation
o 1.2 Ports & Terminals
o 1.3 Logistics
o 1.4 Oilfields services
2 See also
3 External links
4 References
Current operations
Sea Transportation
Company has a diversified fleet of 25 vessels including VLCCs, product tankers and
cape-sizes.It provides crude oil and petroleum products transportation, transportation
management services and integrated dry bulk transportation services. It has provided
service for more than 220 ship years to leading Indian and global oil majorsand
commodity traders.
[Ports & Terminals
Vadinar (Gujarat, India): A 37 million ton port and terminal facility to provide handling,
storage and terminalling services for crude oil and petroleum products to refineries and
traders.
Logistics
It provides end-to-end logistics services – from ships to ports, lighterage services to
plants, intra-plant logistics and dispatching finished products to the final customer. It
owns transhipment assets to provide lighterage support services, onshore & offshore
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logistics services. It manages a fleet of 4,200 trucks for inland transportation of steel
and petroleum products.
[Oilfields services
It provides contract drilling and related services to oil and gas companies worldwide,
operating both offshore and onshore in diverse countries.It owns a fleet of 14 rigs, which
includes 1 semi submersible rig and 13 onshore rigs.
[Essar Refinery
Essar Refinery
Location of Essar Refinery
Country India
Province Gujarat
City Vadinar
Coordinates 22°19′54″N 69°44′50″E Coordinates :
22°19′54″N 69°44′50″E
Refinery details
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Owner(s) Essar Oil
Commissioned 2006
Capacity 680,000 bbl/d (108,000 m3/d)
Number of
employees
1,000
The Essar Refinery is an oil refinery at Vadinar, Gujarat, India. It is owned and
operated by the Essar Oil. It is among the largest single location refineries in the world.[citation needed]
History
Constructon of the refinery started in 1996. The refinery project was delayed several
times due to environmental concerns and financial problems, including initial cost over
runs and a shortfall in equity contributions. In 1998, it was 60% complete in 1998 but
was struck by a cyclone that caused considerable damage. Construction was restarted
in 2005 and the refinery was completed in 2006.[citation needed] It costs US$2.14 billion.
Description
The refinery has a capacity of 680,000 barrels per day (108,000 m3/d). It is configured to
produce Euro II and Euro III grades of petrol and diesel fuel. The refinery has built-in
environment friendly technologies for pollution management and has also planted over
one million trees to ensure a green corridor around the entire refinery complex.[citation
needed] After its expansion it runs at a Nelson complexity index of 12.8. This means it will
be able to refine all varieties of crude, producing Euro 5 grade fuels. The refinery
employs over 1,000 personnel.
Connections1. Vodafone Essar 2. Anil Ambani 3. Real Estate 4. Royal Dutch Shell 5. PeopleSupport, Inc. 6. Raj Rajaratnam 7. Reliance Communications
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Essar Telecom Infrastructure Private Limited
We are one of the largest independent telecom infrastructure service provisioning companies in the country
............................................................................................................................................
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We build telecom site infrastructure, and share it with multiple telecom operators in India. We have set up telecom tower sites in the telecom circles of Mumbai, rest of Maharashtra, Madhya Pradesh, Rajasthan, Tamil Nadu, Kerala, Karnataka, Andhra Pradesh, UP (East), UP (West), Bihar, Orissa, Gujarat and Haryana.
Essar Telecom Infrastructure has set up over 4,500 towers in India; and has a 14 per cent stake in Indus Towers, India’s largest tower company with over 100,000 towers. We have an aggressive plan of installing 20,000 towers by 2010. We offer Passive telecom infrastructure services for mobile and broadband operators Shared services on cellular sites (GBTs and RTTs) In-Building Solutions (IBS) Radio Frequency (RF) planning and optimization services for service providers
We have long-term agreements with multiple mobile and broadband service providers in India. We are participating in the prestigious “Project MOST” initiative of COAI. We have also submitted our Expression of Interest (EOI) to DoT, to participate in the USO Fund Tender, Phase-II, for about 11,000 sites for infrastructure provisioning in rural and remote areas of the country.
We have a senior and experienced project management team. We have also built an efficient supply chain management, which has a wide vendor base to enable quick ramp up of infrastructure-based projects. We are committed to providing the highest level of service quality and timely implementation of projects, using best of breed automated systems and processes. As part of the Essar Group, we are financially strong, and can undertake telecom infrastructure projects in India and abroad.
We strive to be the "Telecom Infrastructure Service Provider of Choice".24
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