Archives: Timeline Slider

We actively focused on building a portfolio that sets benchmarks across sectors in the context of clean sustainable operations and inclusive, superior returns. The Stanlow site becomes the hub for Essar’s investments in Hydrogen production and energy transition efforts. We monetise infrastructure assets linked to erstwhile Essar Steel to its new owner AM/NS for the […]

Some of the pioneering investments were proactively monetised for an enterprise value of US$ 40 bn through large transactions with foreign and Indian entities. We acquired Shell’s refinery at Stanlow in the United Kingdom, and helped turn around the company to deliver higher capacities of 10MTPA of refining capacity, and supplying aviation fuels and over […]

Rising against the challenges of the industry environment, we ensured Essar Steel and Essar Oil stayed resolute despite growing pressure. After settling Essar Steel’s debt, we bought stake in Hygrade Pellets Limited and Steel Corporate of Gujarat to drive efficiencies and scale. This, Research & Development interventions, and brownfield investments, especially in capacity expansions, resulted […]

With the liberalisation of the Indian economy, our vision for scale saw us venturing upstream and downstream in the Oil sector as well; we undertook exploration & production as well as refining. We entered promising core sectors such as power and telecom sector, and with each business growing significantly, it was time for us to […]

Our spirited approach saw us laying an under-sea pipeline from the Bassein offshore gas field near Mumbai to Hazira in Surat by partnering with an American firm, Brown & Root. When the Indian government opened the ownership and operations of Offshore Supply Vessels (OSV) to private Indian companies, Essar was among the first companies to […]

Essar is formed; the maiden venture saw us building a breakwater project at Chennai port, a first for an Indian company. We continued to deliver infrastructure construction projects across India’s major ports. Our marine construction expertise soon led to a natural extension; we entered the shipping business. Daring to enter an arena that was monopolised […]