September 27, 2016 3:18 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

Mahalaxmi

Mumbai,  400034

India

Founded in 1969

Phone:

91 22 6660 1100

Fax:

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

U.S. Steel Canada Rejects Bid From Essar

U.S. Steel Canada Inc. has rejected the bid from Essar Global Holdings Limited to acquire the company. It said that Essar isn't qualified to be a buyer of the company as Essar failed to provide sufficient evidence that it has the financial ability to buy and operate it.

Essar Group Reportedly Seeks Sale Of Stake In Oil Business

Essar Global Holdings Limited is seeking to sell 25% stake in Essar Oil Ltd. to strategic investors. Top ten global oil traders, including Vitol Holding B.V. and Mercuria Energy Group Holding SA are among the potential buyers for the stake.

KPS Capital Is The Preferred Buyer For U.S. Steel Canada

Essar Global Holdings Limited's bid to buy U.S. Steel Canada Inc. has been rejected by the Board of Directors of U.S. Steel Canada, according to the United Steelworkers union. KPS Capital Partners, LP is now the "preferred bidder" for US Steel Canada, the USW said. Citing non-disclosure agreements, a spokesman for US Steel Canada declined to confirm whether India's Essar Global was out of the running. Essar Global and KPS did not respond to requests for comment. The USW has condemned the decision, calling Essar Global's elimination from the bidding process "potentially devastating".

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 31, 2016
Water's Edge Residential Project in Bangalore
Merger/Acquisition
December 2, 2015
Equinox Business Park in Mumbai
 

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