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Corporate profile

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Essar is a multinational corporation with annual revenues of US$39 billion and investments in Steel, Energy, Infrastructure and Services. With operations in more than 30 countries, it employs over 60,000 people.

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Essar GlobalEssar 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 an investment fund managed by its investment manager Essar Capital Limited. The Fund is a global investor, controlling a number of world-class assets diversified across the core sectors of energy, metals and mining, infrastructure (comprising ports and EPC businesses) and services (primarily comprising shipping and BPO businesses). The aggregated revenues of the Fund’s portfolio companies total US$35 billion. The Fund’s portfolio companies employ over 60,000 people across 30 countries, and have adopted international standards of health, safety, environmental protection and corporate governance.

Alongside its ambitious business pursuits, Essar has been committed to its social responsibility. The company runs community outreach initiatives at all of its plant locations, with a focus on education, healthcare, environmental and agricultural development, and self-employment. Essar is committed to sustainable business practices. Its Health, Safety and Environment (HSE) management system is on par with global standards.

The company is also actively undertaking climate change initiatives to reduce its carbon footprint. This includes several Clean Development Mechanism (CDM) projects that earn the company 'Certified Emission Reduction' credits. A growing number of its businesses – with new businesses joining the list every year – are certified to international environment standards, including ISO 9001 /14001, and health and safety standards, such as OHSAS 18001.

Essar is widely regarded as a responsible and conscientious global employer. It has experience in managing businesses in different geographies with a culturally diverse workforce. This is why its people practices are sensitive to cross-cultural nuances. The company's people strategy is focused on promoting a learning culture that continually enhances the professional skills of its employees.

A look at Essar's areas of business:

Steel
Essar has a significant global presence in steel and an international portfolio of iron ore and coal mines.

Essar Steel is a global steel producer with a footprint in India, Canada, USA, the Middle East and Asia. It has an annual capacity of 14 million tonnes, and aims to achieve a global capacity of 20-25 million tonnes. It has a significant presence in the key markets of Asia, Europe, Africa and North America. The company has specialized plants for value-added steel products such as pipes and plates and has a leadership position in the cold rolling, galvanizing and pre-coated segments.

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Essar Minerals owns a growing portfolio of iron ore and coal mines in India, Indonesia, Mozambique and the USA. It also has an iron ore prospecting license in Brazil and various states in India. The company has access to over 1.6 billion tonnes of iron ore reserves and 450 million tonnes of coal reserves.

Energy
Essar Energy is a world-class, low-cost, integrated energy company focused on India and positioned to capitalize on India's rapidly growing energy demand. We have an established track-record and assets worth US$12 billion across the power and oil and gas industries. The combined assets of Essar Power and Essar Oil constitute Essar Energy.

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Essar Oil is a fully integrated oil and gas company of international scale with a strong presence across the hydrocarbon value chain – from exploration and production to oil retail. The company has access to a global portfolio of conventional and unconventional, onshore and offshore oil and gas blocks, with about 35,000 sq km available for exploration. The company is also the largest coal bed methane (CBM) player in India. Currently, Essar Oil India has over 405,000 barrels per stream day (bpsd) of crude refining capacity at Vadinar in Gujarat, India.

Essar Oil UK, which operates the 296,000 bpsd refinery at Stanlow in Cheshire, United Kingdom, meets 15% of UK’s  auto fuel demand. 

Essar Oil has over 1,400 Essar-branded oil retail outlets in various parts of India. Essar has also embarked upon entering the African retail market by opening its first retail outlet in Kenya.

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Essar Power is among India's top private sector power producers with a current generation capacity of 3910 MW spread across eight power plants in India and Canada.

It is one of the lowest-cost power producers and owns about 500 million tonnes of coal reserves and resources in blocks spread across four continents. 

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Infrastructure
Essar has a strong foundation in infrastructure projects, with proven capability in managing ports and handling large, complex engineering, procurement and construction projects.

Essar Ports is one of the largest owners and operators of ports in India. The company has an existing aggregate capacity of 104MMTPA across three facilities located at Vadinar (58MMTPA), Hazira (30MMTPA) and Paradip (16MMTPA) in the state of Gujarat and Odisha, on the west and east coast of India. It is currently in the process of increasing its aggregate ports capacity to 194MMTPA at a number of locations across India.

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Essar Projects is the second largest engineering, procurement and construction (EPC) companies in India. Its EPC capabilities have helped build all of Essar's industrial assets in India in the sectors of steel, oil and gas, power, and ports and terminals. The company is increasingly using its expertise to execute large external projects across the world.

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Services
Essar offers a wide portfolio of services that cater to diverse sectors that include shipping, business process outsourcing, telecom and realty.

Essar Shipping is an integrated logistics solution provider with a presence in sea transportation, logistics and oilfield services. The company currently has a fleet of 27 vessels, with an additional 12 new ships on order. It provides contract drilling services to global oil majors, with a fleet of 12 onshore rigs and one semi-submersible offshore rig; and two new jack-up rigs on order.

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Aegis is Essar's BPO arm. A global leader in business process outsourcing (BPO), it employs over 37,000 employees with expertise in the telecom, BFSI, travel and hospitality, consumer goods, retail and healthcare domains as well as engineering services. Aegis serves several Fortune 500 companies from 37 delivery centers.

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Essar Communications is a global player in the communications sector with a presence in telecom services, consumer durables and IT retail. Yu, its GSM-based mobile services network in Kenya, has more than a million subscribers; in the telecom retail space, the MobileStore is the largest telecom retailer within the organized sector (over 900 outlets across India).

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Equinox Realty has a current portfolio of approximately 16 million sq. ft. under various stages of development and is currently present in the Indian states of Maharashtra, Karnataka, Gujarat and Madhya Pradesh.

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Other businesses
Besides leadership in its core businesses, Essar is building a strong presence in several other key sectors of India's growing economy.

Publishing: Paprika Media has tied up with the UK-based publishing company, to publish the Indian edition of the magazine TimeOut.

Agribusiness: Essar Agrotech is a well-known name that grows flowers, herbs and vegetables primarily for international markets.



 
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