Who owns Essar?

Founder Shashi Ruia
Founder. 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.

How much are the Ruia brothers worth?

Shashi Ruia and Ravi Ruia, commonly referred to as the Ruia Brothers, are Indian billionaires, and the owners of Essar Group, founded in 1969. In 2012, Forbes named the Ruia brothers as the world’s richest Indians with a net worth of US$7 billion.

Is Essar a government company?

Essar Power Ltd. is one of India’s largest private sector power producers with an operating track record of over 20 years. It owns plants in India and Canada with a planned generation capacity of 5,090 MW, of which 3,830 MW is operational.

Is Essar Group listed?

The group has two listed companies in India, Essar Oil and Essar Shipping. Essar Steel, which owns the Hazira plant, and Essar Power, which owns a 500 MW power plant in the same place, is both unlisted, the former having been delisted.

Who is Ruia family?

Prashant Ruia
Anshuman RuiaNand Kishore Ruia
Shashi Ruia/Family

What did Essar Group announce in 2019?

On 6 February 2019, Essar Group unveiled the latest phase of its strategic business development after announcing the acquisition of a number of assets from BP to further strengthen the company’s logistics infrastructure network which will fuel growth ambitions in the UK.

What does Essar Global Fund Limited (EGFL) do?

Essar Global Fund Limited (EGFL) controls a number of assets across the core sectors of energy (oil refining, oil and gas exploration and production, power), infrastructure (ports, projects), metals and mining, and services (shipping, oilfield services, IT). EGFL holds near 100% stake in all its investments. This section does not cite any sources.

What are the assets of Essar Oil UK?

Besides Raniganj CBM block, the company also has the Mehsana CBM block in Gujarat where it plans to drill six wells. Essar Oil UK owns and operates the 9 million tonne Stanlow Refinery located on the south side of the Mersey Estuary in Ellesmere Port, UK.

What is Essar Steel manufacturing facility?

Essar Steel’s manufacturing facility comprises ore beneficiation, pellet making, iron making, steel making, and downstream facilities including cold rolling mill, galvanising, pre-coated facility, steel processing facility, extra wide plate mill and a pipe mill.