Essar

The Ruia family is the founding Family of Essar which includes Mr Shashi Ruia and Mr Ravi Ruia, and their children Mr Prashant Ruia, Mr Anshuman Ruia, Ms Smiti Kanodia and Mr Rewant Ruia. Essar operates as the Essar Global Fund Limited which invests in building and nurturing assets, and creating value in the core sectors of Energy, Infrastructure & Logistics, Metals & Mining and Technology & Retail. Essar Capital Limited (“Essar Capital”) is the investment manager of Essar Global Fund Limited (“EGFL”). It monitors and manages the entire portfolio of investments owned by EGFL, and is governed by its board of directors.

Essar is fully dedicated to revolutionizing the sector by shifting from carbon-based to clean energy sources across all our current and future endeavors. We place great emphasis on the transition to clean energy and are committed to supporting decarbonasation targets of Nations. Our focus extends to exploring opportunities in hydrogen, solar, wind, biofuels, CBM, natural gas, green logistics, and green steel, where we leverage state-of-the-art technologies to enhance energy efficiency and reduce our carbon footprint. Our future plans entail buidling world-class infra and integrated ecosystems for providing Hydrogen, Green Steel and Green Mobility to the world. We closely monitor advancements in energy storage and transmission to ensure reliable energy access for our valued customers. Essar is thrilled to be part of this transformative journey towards a sustainable future.

The Essar Group was established by Mr. Shashi Ruia and Mr. Ravi Ruia in 1969, in South India. The company began its operations with the construction of an outer breakwater in Chennai port, an order worth Rs 2.5 crore. Until then, only foreign construction companies would undertake a project of this magnitude and complexity. However, Essar’s chosen policy was to get into areas of import substitution, high technology and national importance.

In 1969, Shashi and Ravi Ruia founded the Essar Group. Shashi Ruia, a first-generation entrepreneur industrialist, has made invaluable contributions to the core industrial and infrastructure sectors in India and has steered Essar to a prominent position in the global industry. Ravi Ruia belongs to the generation of industrialists who have played a significant role in leading India’s industrial renaissance. An engineer by training, his entrepreneurial abilities have enabled the Essar Global portfolio of companies to become one of the leading names in global industry.

Essar Global Fund Limited (EGFL) is a global investor which owns a number of world-class assets diversified across the core sectors of energy (comprising energy transition, stanlow terminals, exploration and production, refining and marketing), infrastructure and & logistics (comprising ports, power and projects), metals and mining (comprising pellets, green flat steel, mining), technology and retail (comprising technology solutions and digital retail platforms).

The name Essar was derived from SR (S plus R sounds like Essar), which stands for Sashi and Ravi, the Ruia brothers. Sashi and Ravi Ruia are the founders of Essar Group, which is an Indian multinational corporation headquartered in Mumbai, Maharashtra, India.

Essar is a multinational company with operations in a variety of industries, including energy, infrastructure, logistics, metals, mining, manufacturing, tech & retail. The company is headquartered in Mumbai, India, and invests in core economy sectors. Following are few of Essar’s companies: EET: Essar Energy Transition (EET) focuses its investments on hydrogen, decarbonisation, new energy infrastructure and biofuels, creating a fully integrated energy transition hub at Stanlow, United Kingdom. EET Fuels: EET Fuels is a leading oil refinery in the United Kingdom. The 10 MTPA refinery caters to 16% of the UK’s road transport fuel demand. The company also operates a network of fuel stations in the UK and is poised to be one of the first low-carbon refineries in the world (Under EET initiative). EET Hydrogen: Part of Essar Energy Transition (EET) initiative of Essar, EET Hydrogen is a…

Essar concentrates its investments in four core economy sectors. In the Energy sector, its investments comprise Essar Energy Transition (EET Fuels, EET Hydrogen, Stanlow Terminals, Biofuels), and Essar Exploration & Production. Essar’s portfolio in Infrastructure and logistics includes Essar Ports, Essar Projects, Essar Power and Ultra Gas & Energy. In Metals & Mining, Essar is involved in the development of Mesabi Metallics, PT MBL, Essar Minmet, and KSA – Green Flat Steel Complex. The fourth portfolio of Essar consists of Technology & Retail, encompassing Black Box (Formerly AGC Networks Ltd.), LitmusWorld, Essar Shipping and Pluckk.

Founded in 1969 by Shashi Ruia and Ravi Ruia, Essar bgean its activities by constructing an outer breakwater in Chennai port (an order worth Rs. 2.5 Crores). Swiftly seizing emerging business prospects, it achieved a significant milestone by becoming the inaugural private company in India to purchase a tanker in 1976. In the early years, Essar focused on the construction and engineering sector. The company built a number of major infrastructure projects, including bridges, dams, and power plants. In the 1980s, Essar diversified into the energy sector, with the acquisition of a number of oil and gas assets. In the 1990s, Essar expanded its operations into the steel and telecommunications sectors. The company built steel plant and acquired telecom companies. In the 2000s, Essar continued to expand its operations, with investments in the shipping, mining, and power sectors. Today, Essar…

We believe in investing in world-class sustainable Infrastructure that will benefit communities and the environment. We are committed to renewable energy projects, energy efficiency measures, and water conservation initiatives. We believe in ensuring robust and transparent Governance. We have a strong code of ethics and a whistleblowing policy in place. We also publish regular reports on our sustainability performance. We believe in protecting our Environment & Finite Resources. We are reducing our greenhouse gas emissions, improving our water efficiency, and recycling and reusing materials. We believe in offering access to qualitative health & wellbeing. We are supporting initiatives to improve maternal and child health, provide access to clean water and sanitation, and fight malnutrition. We believe in fostering inclusion for Women and Marginalised Communities. We are promoting gender…

With Environment, Social and Governance at the core, Essar follows sustainable practices in all aspects of business to create a better tomorrow. Essar’s Sustainable Business Investments: With its investment themes around decarbonisation, decentralisation and digititalisation, we aim to help the world’s effort towards achieving a net carbon zero dream. Essar is in a phase where it is transitioning its existing business by imbibing greener operations and alternative, and is investing in businesses that would transform the entire sector reality to clean and sustainable energy/logistics/etc. Its new investments in renewables, biofuels, hydrogen, clean-fuel logistics, green steel, etc showcase a determined approach towards creating sustainable businesses. Sustainability through Health & Safety: We work towards institutionalizing a culture of safety across sites. All our operational sites…

As a Global entity, Essar is committed to carrying out all of its operations in a socially responsible and sustainable manner. Essar Foundation’s interventions encompass both the individuals it collaborates with and those it serves. Therefore, the vision revolves around comprehensive development with a focus on human development. While emphasising environmental conservation, capacity building, awareness creation, and enhancements in health and education, Essar Foundation works at the grass root to achieve empowerment, livelioods, healthcare and a sustainable future.