Essar Group

The Essar Group is an Indian multinational conglomerate with interests spanning across various sectors including energy, infrastructure, metals & mining, and services. Headquartered in Mumbai, the group operates businesses globally with a significant presence in India and other international markets.

History:

Essar Group was founded in 1969 by Shashi Ruia and Ravi Ruia. It began as a construction company and gradually diversified into other industries over the years.

Key Business Areas:

• Energy: Essar has investments in exploration and production of oil and gas, refining, and power generation.
• Infrastructure: The group has interests in ports, terminals, and EPC (Engineering, Procurement, and Construction) projects.
• Metals & Mining: Essar owns and operates steel plants and mining operations.
• Services: Essar provides services in the fields of technology, telecommunications, and retail.

Recent Developments:

The Essar Group has undergone significant restructuring in recent years, including deleveraging its balance sheet through asset sales. The group continues to focus on its core businesses and explore new growth opportunities.

Corporate Social Responsibility:

Essar Foundation is the corporate social responsibility arm of the Essar Group. It focuses on initiatives in areas such as education, healthcare, environment, and community development.