ESSAR GROUP : Example of Potential of INDIA’S private Sector player

ESSAR GROUP : Example of Potential of INDIA’S private Sector player ************************************************************************************* INDUSTRY INTO:- ************************************************************************************* Products ************************************************************************************* Steel, Oil and Gas, Electricity, Infrastructure, Engineering, Shipping, Information technology, Retail Real estate ************************************************************************************* Revenue:- US$27 billion (2015) ************************************************************************************* Number of employees: - 60,000 (2015) ************************************************************************************* Introduction ************************************************************************************* The Fund is a global investor, controlling a number of world-class assets diversified across the core sectors of Energy, Metals & Mining, Infrastructure (comprising ports and EPC businesses) and Services (primarily comprising shipping and BPO businesses). Essar began as a construction company in 1969 and diversified. ************************************************************************************* Key People: ************************************************************************************* Shashi Ruia – Chairman, Ravi Ruia – Vice Chairman. ************************************************************************************* Essar is derived by combining the first letter of the Chairman's and Vice-Chairman's names – Shashi and Ravi, i.e. S plus R sounds like Essar In 1988, the company made an initial public offer for its shares, It is India's largest exporter of flat steel with 10 million tons per annum (MTPA) of capacity in India and 4 million tons per annum (MTPA) in worldwide facility. On 11 June 2012, Essar Steel India commissioned a 19 MW heat recovery power plant at Hazira. Essar Minerals owns iron ore and coal mines in India, Indonesia, Mozambique, the USA,& Canada. The company has access to over 2.0 billion tonnes of iron ore reserves in India and USA and 450 million tonnes of coal reserves. Retailing (across India): Over 400 steel retail outlets branded Essar Hypermart and Essar Expressmart Steel Processing Facility (across India & UAE): Largest steel processing & distribution facilities in India with an annual capacity of 4 million tonnes located in Pune (Maharashtra), Hazira (Gujarat), Bahadurgarh (National Capital Region), Chennai (Tamil Nadu), Bhuj (Gujarat) and Dubai (UAE)Dudley, West Midlands, UK: 500,000-tonne steel processing centre Indonesia: 200,000 tonnes ************************************************************************************* Telecom Services & Retail ************************************************************************************* “Yu”: A GSM-based mobile services network in Kenya with more than three million subscribers ************************************************************************************* MILESTOES:- ************************************************************************************* In 2016, Essar Steel became the first Indian company to manufacture bullet-proof steel Hazira, Gujarat, India: A 10-million tonne steel plant at Hazira, largest in Western India. The plant is supported by a captive port, power plant, lime plant and oxygen plant. Essar's primary business is in the power and oil sectors. Most of this is handled by Essar Energy, which is approximately 76% owned by Essar Group, is today India's 2nd largest power generation company in the private sector. Its current generation capacity of 1,600 MW is being expanded to 8,070 MW. The refineries are Vadinar in Gujarat India; Stanlow in Cheshire, United Kingdom, and 50% controlling stake in Kenya Petroleum Refineries. The company has about 750,000 bpsd (barrels per stream day) of crude refining capacity across three continents. It is the first private company in India to enter refined products marketing sector. Essar also has a country-wide marketing network of over 1,400 retail outlets in India. It has tie-ups with other oil marketing companies Essar's Raniganj block became India's first CBM asset to cross 1 million scmd production milestone[10] Essar oil has more than 2,200 Essar-branded oil retail outlets in various parts of India, with another 2,500 in various stages of commissioning.[11] Vadinar, Gujarat, India: World-class 20-million tonnes or 405,000 bpsd refinery producing fuels; accounts for 10% of India's refining capacity. Essar Power is one of the lowest cost power producers and has a current generation capacity of 3,910 MW It owns about 500 million tonnes of coal reserves and resources in blocks spread across four continents Essar Power was listed on the London Stock Exchange in 2010. Essar Shipping has presence in sea transportation, logistics and oilfields services. The company currently has a fleet of 26 vessels, with an additional 12 new ships on order. Provides logistics services – from ships to ports, lighterage services to plants, intra-plant logistics and dispatching finished products to the final customer. Manages a fleet of 4,200 trucks for inland transportation of steel and petroleum products Owns a fleet of 14 rigs, which includes 1 semi-submersible rig and 13 onshore rigs Essar has Business Process Outsourcing services, employing over 55,000 people across 13 countries. It also has India's largest Telecom retail network, with over 725 outlets in more than 125 towns and cities. Essar Ports is one of India's largest operator of ports & terminals operating from locations in west and east coast of India. The company is building a cargo handling capacity (dry, bulk and liquid cargo) of over 181 million tonnes. Essar Projects is the second largest engineering, procurement and construction (EPC) company in India. It operates under sectors of steel, oil, gas, power, ports and terminals. It owns over 5,000 nos. construction equipment worth over USD 275 mn. Over 15,000 TPA (Tonnes per annum) of equipment and 40,000 TPA of fabricated structure with waterfront load-out facility for any size of equipment