Essar is one of the leading business conglomerates of India. Here is a brief profile and history of Essar Group


Essar is one of the leading corporate houses of India. The group has diverse business interests spanning Steel, Energy, Power, Communications, Shipping & Logistics, and Construction. For the financial year ending March 2007, March 2007, Essar Group earned revenues of over US$ 4 billion. Essar Group employs 20,000 people in 50 locations worldwide. All the investments of the group have been consolidated under Essar Global Ltd., along with its six sectoral holding companies: Essar Steel Holdings Limited, Essar Energy Holdings Limited, Essar Power Holdings Limited, Essar Communications Holdings Limited, Essar Shipping & Logistics Limited and Essar Constructions FZE.

Essar Group was founded by the Ruia family. The Ruia family originally belongs to Rajasthan. In the 19th century, the family moved to Mumbai for business and trading purposes. In 1956, Nand Kishore Ruia, the group founder, moved south to Chennai to begin independent business activities and thus the foundations of Essar Group were laid. In 1969, after the demise of Nand Kishore Ruia, his sons Shashi and Ravi Ruia took over the group and guided the group to its present destiny.

Business Interests of Essar Group

Steel: Essar Steel Holdings Limited is a global producer of steel with presence in India, Canada, USA, Middle East and Asia. It is a fully integrated flat carbon steel manufacturer from iron ore to ready-to-market products. Its product range include Iron Ore Pellets, Hot Briquetted Sponge iron (HBI), Hot Rolled Products, Cold Rolled Products' Galvanised Products. Essar Steel is India's largest exporter of flat products.

Energy: Essar Oil Ltd. (EOL) is leading integrated oil and gas company spanning the entire value chain: Exploration & Production, Refinery, & Marketing. Essar was one of the first private companies to bid for exploration blocks in 1993. It was also among the first to enter the refining sector when it was opened to private participation. Its refinery at Vadinar, Gujarat has a capacity of a capacity of 10.5 MTPA.

Power: Essar Power Limited set up India's first new generation independent power plant with a 515 MW combined cycle capacity, at Hazira in the early 1990s. The capacity of this plant is being enhanced to 1500 MW. The plant has set new standards of excellence in the Indian power sector. It has the lowest manpower to megawatt ratio and one of the lowest capital costs per megawatt in India. Besides the above plant, Essar has commissioned a 32 MW coal based captive power project at Vishakapatnam; It is currently executing a captive gas based Combined Cycle Power Plant of 355 MW in two phases at Hazira, Gujarat; and setting up a 120 MW Refinery residue based Captive Co-generation Power Project at Vadinar.

Communications: In the field of communications, Essar has interests in providing telecom services, telecom retail and telecom infrastructure. Hutchison- Essar, a joint venture between Essar and Hong Kong-based Hutchison Whampoa, is India's second largest GSM service provider. The JV was recently acquired by the UK-based Vodafone Group Plc at a value of USD 18.8 billion. Essar has retained its 33% stake in the new JV with Vodafone. Essar has entered telecom retail with its brand The MobileStore. The MobileStore is a chain of retail outlets managed by Essar Telecom Retail Ltd. in association with the Virgin Group. The store chain sells mobile handsets and accessories, as well as digital lifestyle products. Essar Telecom Infrastructure Private Limited (ETIPL) is one of the largest independent telecom infrastructure service provisioning companies in India.

Shipping: Essar Shipping Ltd. (ESL) is one of the world's leading integrated sea logistics companies. It accounts for almost 14% of India's shipping fleet and owns India's largest VLCC (Very Large Crude Carrier), which is also India's first double hull, double bottom VLCC.

Construction: Essar is India's leading engineering, procurement and construction (EPC) contractor. Essar has special expertise in marine construction and pipelines. Essar has laid 2,500 km of pipelines and built 150 km of the prestigious Narmada canal. Essar is a well-known name in the field of infrastructure construction particularly in the areas of ports, jetties and roads.

Major Achievements of Essar Group
Note: The above information was last updated on 21-07-2007