Corrigendum: Addendum to an earlier social media post by ECIL on September 14, 2022

ADDENDUM:

The below news is meant to be and should be read and understood as follows:

ECIL to widen its client portfolio – discussions in progress for finalisation of contract with an OP Jindal Group Company

Essar Constructions India Ltd. (ECIL) – the Indian arm of Essar Projects – has taken yet another step forward towards widening it client portfolio, and is in discussions with an OP Jindal Group Company for finalisation of contract for its upcoming expansion works.

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ORIGINAL NEWS:

ECIL adds a New Client to its portfolio by winning Rs 97 Cr. contract from Jindal Stainless Ltd.

September 14, 2022

Essar Constructions India Ltd. (ECIL) – the Indian arm of Essar Projects – has taken yet another step forward and added Jindal Stainless Ltd. as a new Client to its portfolio by bagging a contract worth around Rs 97 cr for Mechanical works for 2307 cum Blast Furnace at Jajpur.

Formed in May 2017 to pursue EPC business interests in India and the subcontinent, as a relatively new company, ECIL’s rise was initially slow, yet steady. Over the past five years the strategy has been to take baby-steps in strength areas, get a footing in the market and then explore wider opportunities. The first four years saw the Engineering Division of ECIL steadily making breakthroughs with established as well as new clients. Alongside, the EPC Division was working steadfastly towards showcasing the inherent strengths & execution capabilities, rebuilding relationships with old clients and partners as well as connecting with new ones. It was quite an uphill task to regain market confidence. Nonetheless, consistent efforts towards reinstating market confidence in their execution capabilities and competitive pricing paved the way for new order bookings involving construction scope, while efficient projects delivery and customer satisfaction has been leading to repeat orders.

Jindal Stainless (JSL) – founded in 1970 – is India’s first “swadeshi” stainless steel company, and currently serves customers across 60 countries. They are one of the largest stainless steel conglomerates in India, and rank amongst the top 10 in the world.

Speaking on the occasion, Mr. Sejal Jani, Head – Business Development, Tendering & Estimation, ECIL stated, “As we take gradual steps towards building a robust order book, widening the portfolio of Clients has also been of importance. While we reach out to showcase our capabilities and connect with new Clients, we fully acknowledge that efficient execution is crucial to uphold our image in the market. ECIL has been strengthening its foothold in the Minerals & Metals domain. Time and cost effective deliveries of orders won during the past one year has not only led to repeat orders, but also enhanced overall market confidence, leading to opening of new doors!”

About Essar Projects & Essar Constructions India Ltd.:

Essar Projects is part of the infrastructure portfolio of Essar Global Fund Limited (EGFL). It offers unique collaborative end-to-end project development and delivery models for major projects. Essar Projects has over five decades experience of executing mega scale projects in varied industry segments, like Energy, Minerals & Metals, Offshore and Infrastructure. It’s footprint spreads across India, Middle East, Europe, Americas and the challenging geographies of Africa and Australasia.

Essar Constructions India Limited (ECIL) is the Indian arm of Essar Projects, which focusses on India and the Sub-continent. It also has a multidisciplinary skilled and experienced Engineering & PMC division which provides a comprehensive array of value added technical engineering services, in a structured manner, across diverse sectors. It is fully geared to service global clients by providing end-to-end engineering solutions from feasibility studies and scope documents to design conceptualization, FEED, detailed design, PMC, field engineering, commissioning and start-up assistance and also debottlenecking for efficient plant operations