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Essar Group [2] is an Indian multinational conglomerate company, founded by Shashi Ruia and Ravi Ruia in 1969. The company, known as Essar Global Fund Limited (EGFL), owns a variety of assets in the core sectors of energy (oil refining, oil and gas exploration and production, power), infrastructure & logistics (ports, projects), metals & mining, technology, and retail (oilfield services ...
Shashi Ruia (23 December 1943 – 25 November 2024) and Ravi Ruia (born April 1949), 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. [1]
History of the company reach back to 1 June 1976 when specialised marine construction company Essar Construction Limited was incorporated as a part of Essar Group.Essar Steel was a division of Essar Construction, responsible for manufacturing of hot briquetted sponge iron. [5]
Essar Energy plc is Mauritius-based Indian energy company with assets in the power and oil and gas businesses. Headquartered in Port Louis, Mauritius and subsidiary of Essar Group, the firm has interests in both the power generation and petroleum industries. In May 2014 the company was acquired by its majority shareholder, Essar Global Fund ...
India's Essar Group has become debt-free, having settled the remainder of its $25 billion debt after the sale of two ports and a power plant to ArcelorMittal Nippon Steel Ltd (AM/NS), the group ...
Algoma Steel Inc. (formerly The Algoma Steel Corporation, Limited; Essar Steel Algoma) is an integrated primary steel producer located on the St. Marys River in Sault Ste. Marie, Ontario, Canada. Algoma Steel was founded in 1901 by Francis Clergue , an American entrepreneur who had settled in Sault Ste. Marie.
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The company was an initiative of Essar Steel, a 14 MTPA steel producer and one of India's largest; to bring steel directly to SMEs and end-users. With its origins in India, Essar Steel sought to eliminate the role of intermediaries in the steel-buying process. The first Essar Hypermart opened in Gandhidham, Gujarat in 2006.