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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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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.
The company's market share in the production of steel for the automotive industry is 15%. [1] The company makes 200 unique steel grades for automotive purposes. Among the steel varieties are Usibor 2000, which was released in 2016; it was said to be about one-third stronger than other steels then available for car-making. [3]
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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.
Although one of them is parent and another is a daughter company, in practice it is hard to make distinction between them. In addition, ESSAR Steel India Limited violates WP:NCCORP. Beagel 12:06, 29 August 2021 (UTC) Merger completed. Beagel 09:24, 18 September 2021 (UTC)