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Essar Group
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Essar Group: A Multifaceted Indian Conglomerate Established in 1969 by Shashi Ruia and Ravi Ruia, the Essar Group has evolved into a prominent multinational conglomerate with a diversified portfolio. Operating under the banner of Essar Global Fund Limited (EGFL), the group maintains near-total owner...
- Company type Private
- Industry Conglomerate
- Founded 1969
- Headquarters Mumbai, Maharashtra, India
- Area served Worldwide
- Key people Ravi Ruia (Vice-Chairman), Prashant Ruia (Group CEO)
- Revenue ₹120,000 crore (US$14 billion) (2022)
- Number of employees 7,000+
- Subsidiaries Essar Energy, Essar Shipping (est. 1945), Black Box Corporation
- Website www.essar.com
Related Other Pages:
- IKEA, Reliance Industries and V-Guard Industries
Essar Group history
Last Updated : 17/02/25, 03:26 AM
Essar Group: From Breakwater to Debt-Free Founded in 1969 with a Rs 2.3 crore Chennai Port contract, Essar diversified rapidly. Its foray into power generation began in 1991, establishing itself as India's first Independent Power Producer (IPP) with a 515 MW plant at Hazira. Subsequent expansion saw...
ESSAR GROUP NEWS
Essar group co-founder and Chairman Shashi Ruia passes away
November 26, 2024 11:06 am
He had returned from the US, where he was undergoing treatment, about a month back.
Essar Group appoints Manu Kapoor as the Group Chief of Public Policy and Corporate Affairs
October 25, 2024 2:45 pm
"We are delighted to welcome Manu Kapoor to the Essar family.... These are exciting times for Essar, and we look forward to his valuable contributions in driving our company's success," Ruia added.
In Surat, Essar Projects accused of fraud to tune of Rs 3.5 crore by outsourcing firm over pending dues
April 16, 2024 9:17 am
A court in Surat recently asked police to file a complaint over the allegations by the owner of the outsourcing firm
Essar to invest Rs 55,000 cr in energy, infra sectors in Gujarat
December 15, 2023 2:37 am
It has signed an MoU to develop a one-gigawatt green hydrogen project, involving an investment of around Rs 30,000 crore.
Rs 20,500 crore spent to buy electricity: In 2022, 74 percent of Gujarat's power cost went to Tata, Adani & Essar
March 26, 2023 9:11 pm
The cost of one unit of electricity bought from Essar Power Gujarat Ltd rose by 225 per cent from Rs 1.49 in 2021 to Rs 6.32 in 2022.
Essar Group to invest $1.2 billion for green hydrogen production
February 28, 2023 1:14 am
This is part of the Group’s plans to invest $3.6 billion in developing a range of low carbon energy transition projects in the UK and India over the next five years.
Essar Power arm to be liquidated after lone bidder refuses to furnish guarantee
January 09, 2020 1:06 am
The NCLT Bench also asked the liquidator to probe the financial affairs of Essar Power Jharkhand with respect to the erstwhile promoters’ and directors’ bid to enter into “preferential transactions”.
How banks stand to benefit from SC's judgment in Essar Steel insolvency case
November 19, 2019 7:54 am
The Supreme Court’s order is being seen as bringing the rigour and momentum back into the IBC as an effective tool to deal with stressed assets in the economy.
Decide on ArcelorMittal’s bid by March 8, NCLAT tells NCLT
March 01, 2019 4:53 am
If the NCLT Ahmedabad bench fails to pass the final order by March 8, the NCLAT would call on all the records and resolution plan, and pass an appropriate order by March 13
‘ArcelorMittal offers Rs 4,800 crore for Essar's Mahan power project’
February 19, 2019 4:30 am
In September 2018, ICICI Bank, the lead lender for the Essar Power's Mahan project, moved NCLT seeking initiation of insolvency proceedings against Essar Power MP.
