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Essar Group
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Essar Group
Type
Public(BSE: 500630)
(BSE: 500134)Industry Conglomerate
Founded 1969
Founder(s)Shri.Shashi RuiaShri.Ravi Ruia
Headquarters Essar House, 11 Keshavrao Khadye Marg, Mahalaxmi,
Mumbai, India
Area served Worldwide
Key people
Shashi Ruia
(Chairman)Ravi Ruia
(Vice-Chairman)Prashant Ruia
DirectorAnshuman Ruia
DirectorSmiti Kanodia
DirectorRewant Ruia
Director
Products
Steel
Oil & GasPowerMobilenetworksConstructionShippingBPO
Revenue US$ 15 billion (2009)
Employees 60,000 (2009)
Website Essar.com
The Essar Group (BSE: 500630, BSE: 500134) is a
multinationalconglomerate corporation in the
sectors of Steel, Energy, Power, Communications, Shipping Ports
& Logistics as well asConstruction headquartered at Mumbai,
India. The Group's annual revenues were over USD 15billion in
FY08-09.
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Essar began as a construction company in 1969 and diversified
into manufacturing, services andretail. Essar is managed by
Shri.Shashi Ruia, Chairman Essar Group andShri.Ravi Ruia,
ViceChairman Essar Group.[1]
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Contents
[hide]
1 Steel
2
Globalfootprint
3Indianoperations
4Products andservices
5Energy
6Exploration and
production
7Power
8
Existing andupcoming
plants
9Communications
10Vodafo
ne-Essar
11Shipping Ports&Logistics
12 Seatranspo
rtation 13
Portsand
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[edit] Steel
Essar Steel is a global steel company with strong presence in
intensive steel consuming markets inAsia and North America. It is
India's largest exporter of flat steel with 14 MTPA (million tons
perannum) of capacity.[citation needed] Essar Steel is fully
integrated from mining to retail and hasstrong downstream
capability with a global retail capacity of over 3 MTPA.
[edit] 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 a6
MTPA pellet plant, a concentration plant and a direct reduced iron
plant in Minnesota. InIndonesia, 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 to1.3bn 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 Bankto organise theshare listing. Sanjay Mehta a senior
board member of Essar Global Limited was identified in theEconomic
Times of India* as the person who led the transaction. 7 March
2010, Essar announcedthat it had signed a deal to buy US coal
producer Trinity Coal Partners from US private equitygroup Denham
Capital for $600m.[2] [3]
[edit] Indian operations
Essar Steel is the largest steel producer in western
India,[citation needed] with a capacity of 10MTPA at Hazira,
Gujarat. The Essar Steel complex at Hazira in Gujarat,[citation
needed] India hasa 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.[citationneeded] Additionally, Essar is
setting up an 12 MTPA pellet plant in Paradip,
Orissa.[citationneeded]
[edit] Products and services
Essar Steel produces customized products catering to a variety
of product segments and is India'slargest exporter of flat products
to the US and European markets,[citation needed] and to those
ofSouth East Asia and the Middle East.[citation needed]
[edit] Energy
Essar Oil is a fully integrated oil & gas company of
international scale with strong presence acrossthe 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 forexploration.[citation
needed]
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[edit] Exploration and production
The Exploration and Production business of the company has
participating interests in severalhydrocarbon 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 MumbaiHigh 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 CoalBed Methane (CBM) block at
Durgapur in West Bengal, and two more exploration blocks inAssam,
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
blockeach in Vietnam and Nigeria.[citation needed]
Essar also owns a 50 percent stake in an 88,000-bpd refinery
operated by Kenya PetroleumRefineries Ltd in Mombasa,
Kenya.[citation needed]
[edit] Power
Essar Energy, approximately 76% owned by Essar Group, is today
India's second largest powergeneration company in the private
sector.[citation needed] Its current generation capacity of 1,200MW
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 thetransmission and distribution
sectors in India where it has quickly built a strong
presence.[citationneeded]It is market leader in western India.
Essar Energy holds a controlling stake inEssar Oil.
[edit] Existing and upcoming plants
Essar Power operates five power plants with a combined capacity
of 1,200 MW in three locationsacross 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]
[edit] Communications
Essar Communications is in the communications sector with
presence in telecom services, telecomretail, telecom tower
infrastructure and business process outsourcing. More Info
[edit] 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 ofover 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 thecountrys fourth telecom
operator.[citation needed]
[edit] Shipping Ports & Logistics
Essar Shipping was started in 1945.Ports & Logistics is a
comprehensive sea logistics companywith presence in sea
transportation, ports & terminals, logistics and oilfields
services. It owns ashipping fleet of 25 vessels, and has placed
orders for 12 new ships.[citation needed] It is one ofIndia's
largest operators of ports and are building a cargo handling
capacity of over 150MTPA[citation needed].
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[edit] Sea transportation
The Sea Transportation business provides transportation
management services for crude oil andpetroleum products, and dry
bulk cargo to the global energy, steel and power industries. It has
adiversified 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]
[edit] Ports and terminals
The Ports & Terminals business is among India's largest
owners and operators of ports and terminalfacilities. The
operations include an oil terminal in Vadinar and upcoming bulk
terminals in Haziraand Salaya, all in the state of Gujarat.
Vadinar, which is an all-weather, deep-draft port, serves majoroil
refineries and independent cargo traders in the region. The
terminal has crude receiving capacityof 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 30MTPA 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 upcomingEssar SEZ units. The business is
also building a port, of about 20 MTPA capacity, at
Salayacomprising a bulk and liquid terminal with container handling
facilities.[citation needed]
[edit] Logistics
The Logistics business provides end-to-end logistics services
from ships to ports, lighterageservices, intra-plant logistics and
dispatch of finished products. It owns trans-shipment assets to
provide lighterage support services, and onshore
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