February 28, 2015 8:20 AM 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: 44
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: 54
Chief Executive Officer of Telecom Business Group and Director
Age: 54
Compensation as of Fiscal Year 2014.

Essar Global Holdings Limited Key Developments

Essar reportedly shows interest in Nokia's Chennai plant

Essar Global Holdings Limited has shown interest in taking over Nokia Corporation (HLSE:NOK1V)'s mobile handset manufacturing plant near Chennai, which has been frozen over tax claims. According to sources close to the discussions, it is not clear what Essar’s plan is because the group does not manufacture mobile devices. Its only interest in telecom is through The Mobile Store, a cellphone retail chain. A query to the Essar group spokesperson went unanswered and Tamil Nadu government officials were not available for comment.

Essar Planning To Sell Asset

Essar Global Fund Limited is planning to sell assets. The company has put up for sale 8 acre land parcel in Thane and is expecting around INR 1.5 billion from the possible sale.

Essar Global Fund Seeks Acquisitions

Essar Global Fund Limited is looking for acquisition opportunities. AGC Networks has broken even at an operating level after six straight quarters and Chief Executive Officer of Essar said that once the turnaround is complete he will work on acquisitions and international expansion to ensure growth.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 28, 2014
Essar Telecom Kenya Limited
 

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