October 21, 2016 8:56 PM ET

Industrial Conglomerates

Company Overview of Essar Global Holdings Limited

Company Overview

Essar Global Holdings Limited, through its subsidiaries, operates in steel, oil and gas, power, infrastructure, shipping, business process outsourcing (BPO), telecom, and real estate businesses. It produces steel products, such as pipes and plates for automotive, white goods, construction, engineering, and shipbuilding sectors. The company also provides cold rolling, galvanizing, and pre-coated services; and operates iron ore and coal mines. Additionally, it explores, produces, refines, and markets oil and gas including LPG, naphtha, light diesel oil, aviation turbine fuel, and kerosene. The company operates oil retail outlets. Furthermore, it offers power generation services. The company’s ...

Essar House

11, Keshavrao Khadye Marg


Mumbai,  400034


Founded in 1969


91 22 6660 1100


91 22 6660 1809

Key Executives for Essar Global Holdings Limited

Managing Director, Group Chief Executive Officer and Director
Age: 46
Chief Financial Officer
Managing Director of Essar Steel India and Chief Executive Officer of Essar Steel India
Managing Director of Essar Oil Ltd. and Chief Executive Officer of Essar Oil Ltd
Age: 56
Chief Executive Officer of Energy Business Group
Age: 64
Compensation as of Fiscal Year 2016.

Essar Global Holdings Limited Key Developments

Essar Doesn't Seeks To Sell Its Oil And Gas Business

Prashant Ruia, Group Director of Essar Global Holdings Limited (Essar Group) said Essar was not exiting the oil and gas business and will continue to own and operate the 12 million tonne refinery at Stanlow in UK which has a 12-13% market share in Britain

VTB Reportedly Seeks To Acquire Loans Of Essar Global

JSC VTB Bank (LSE:VTBR), which bankrolled the delisting of various Essar Global Holdings Limited in India and London, may buy out a part of these loans, banking sources said.

Rosneft Reportedly Close Deal For Essar Oil

Essar Group Holdings Limited is close signing final agreement for divesting control of its refinery unit to Public Joint Stock Company Rosneft Oil Company (LSE:ROSN) and Trafigura Group Pte. Ltd., people with knowledge of the matter said. A binding deal is expected to be finalized in the next two weeks to sell 49% of Essar Oil Ltd. to Rosneft, according to the people, who asked not to be identified because the information is private. Trafigura is also in advanced discussions to acquire a minority stake in Essar Oil, the people said. The suitors have been discussing a valuation of about $6.5 billion for Essar Oil, one of the people said.

Recent Private Companies Transactions

March 31, 2016
Water's Edge Residential Project in Bangalore
December 2, 2015
Equinox Business Park in Mumbai

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