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 ...
11, Keshavrao Khadye Marg
Founded in 1969
Essar reportedly shows interest in Nokia's Chennai plant
Feb 26 15
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
Dec 8 14
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
Nov 11 14
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.