ESSAR GROUP

The 'Essar Group' is an India-based diversified corporation with interests in telecommunications, shipping, steel, construction, power and oil. The group has an estimated market value of US$ 15 billion and has an annual revenue of US$ 2.2 billion. Major Essar brand names include Vodafone Essar and Algoma Steel.
It is headed by Chairman Shashi Ruia and Vice-Chairman Ravi Ruia.

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Essar Steel

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Essar Steel

Essar Steel is one of India's largest steel manufacturers. In April 2007, Essar purchased Canada-based Algoma Steel for US$ 1.63 billion and United States-based Minnesota Steel for an undisclosed amount. As a part of the deal with Minnesota Steel, Essar will invest US$ 1.65 billion dollars to build steel plant in northern Minnesota. The plant will be the first one in North America to have iron-ore mining, processing and steelmaking on a single site.[1] After the acquisition of these firms, Essar Steel has emerged as India's fourth largest steel manufacturer after Tata Steel, Steel Authority of India Limited and Jindal Steel.

External links

★ Official website