Journalism of Courage
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
2G: Court grants bail to Essar,Loop Promoters; frames charges
May 25, 2012 5:28 pm
CBI has said that Loop played 'hide and seek' with DoT and concealed information on Essar link.
Essar: Charges far-fetched CBI conclusions
May 08, 2012 12:38 am
Trying to refute allegations that it had used Loop Telecom as a front to obtain 2G licences,the Essar Group told a Delhi court
Essar,Loop deliberately violated UASL guidelines : CBI tells court
May 04, 2012 1:07 am
The CBI told a court here that the promoters of Essar Group and Loop Telecom deliberately violated Unified Access Services Licences guidelines by making false and dishonest impression before the DoT to get 2G spectrum
2G: Arguments on charges against Essar & Loop to begin from May 3
April 21, 2012 4:18 pm
CBI had not found enough evidence to prosecute them under the Prevention of Corruption Act.
2G: Ruias,Khaitans appear before court,move bail pleas
March 31, 2012 10:48 am
Promoters of Essar,Loop were summoned by court after being chargesheeted in the case by CBI.
CBI probe shows Naxals encounter not fake,says SC
March 17, 2012 12:10 am
The investigation does not seem to bear out your (petitioners) apprehension that it was a fake encounter, a Bench comprising Justices Aftab Alam and Ranjana Prakash Desai observed.
Essar in talks to raise $600 mn for BPO arm
March 06, 2012 4:25 pm
Essar's Aegis Ltd aims to raise as much as $300 million to $400 million in a U.S. listing.
PMO to meet CEOs of power firms
February 22, 2012 1:53 am
They are likely to seek diversion of e-auctioned coal at notified prices,equal distribution of the fuel to all utilities,seeking coal imports by Coal India Ltd.
Aegis planning $300-$400 mn IPO: CEO
February 16, 2012 12:26 pm
Aegis,the back office services firm of the Essar Group,is planning to raise funds.
