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Essar Steel was a common name of the steel manufacturing companies of the Essar Group of Companies. Its main subsidiary was Essar Steel India Limited, a fully integrated flat carbon steel manufacturer based in Mumbai , which owned and operated a integrated steel plant in Hazira , Surat district of Gujarat state.
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 ...
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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.
As per worldsteel, India's crude steel production in 2018 was at 106.5 million tonnes (MT), 4.9% increase from 101.5 MT in 2017, which means that India overtook Japan as the world's second largest steel production country. Japan produced 104.3 MT in year 2018, decrease of 0.3% compared to year 2017.
Essar Shipping Ltd., now Essar Shipping Ports & Logistics Limited, is an Indian shipping corporation for the global energy business. Established in 1945, Essar Shipping was formally incorporated in 2010 and is listed on the Bombay Stock Exchange. [ 3 ]
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.