ESSAR GLOBAL FUND INVESTS IN A NUMBER OF WORLD-CLASS ASSETS DIVERSIFIED ACROSS THE CORE SECTORS OF METALS & MINING, ENERGY, INFRASTRUCTURE AND SERVICES.
THE AGGREGATED REVENUES OF THE FUND'S PORTFOLIO COMPANIES IS ABOUT US $12 BILLION.
The Fund invests long-term capital into its portfolio companies.
Since 1969, and over the last 50 years, Essar has also been dedicated to developing the core sectors of the Indian economy through Greenfield and Brownfield investments. Essar promoters took a conscious decision to invest in these sectors and make India self-sufficient. They pioneered the private sector’s entry into capital intensive businesses, like Steel, Oil & Gas, Ports and Power, and despite overwhelming odds, persisted to complete their committed investments. Essar is one of the earliest and largest contributors to the Make in India, as well as Skill India, initiatives of the government. Not only has it created world-class assets, but also nurtured a skilled workforce with the ability to operate these assets.
Since 2010, Essar Global Fund undertook an investment programme of over Rs 120,000 crore in the sectors of Energy, Infrastructure, Metals & Mining, and Services, which is the highest investment made by any Indian company in the core sectors of the economy. It created world-class assets that have attracted the best global companies, like Vodafone, Rosneft, American Tower Corporation and Teleperformance, etc., to invest in India and infuse FDI of more than $32 billion.
The Fund has a global portfolio of fully operational assets with investments in Indonesia, United Kingdom, North America and Africa, apart from India. Essar continues to evaluate business opportunities across geographies with a focus on building long-term partnerships.
Essar Oil UK operates the 10 MTPA Stanlow refinery in Chester, UK, which caters to 16% of the country’s road transport fuel demand. It also runs a countrywide network of over 67 retail outlets, with a target of 400 outlets in the next five years.
Essar has a presence across the hydrocarbon value chain, from exploration & production to refining and retail.
Essar Power is one of India’s largest private sector power producers with an operating track record of over 20 years. It owns plants in India and Canada with a planned generation capacity of 5,090 MW, of which 3,830 MW is operational.
Essar Ports develops and operates ports and terminals for handling dry bulk, break bulk and general cargo with Ports strategically located on the east and west coasts of India. It has a combined global cargo capacity of about 115 MTPA, of which 95 MTPA already operational. It plans to scale up to a capacity of 162 MTPA.
With over four decades of experience in project execution and delivery, Essar Projects has played a defining role in the Engineering, Procurement and Construction (EPC) domain; offering innovative execution and delivery solutions to clients across geographies and multiple sectors. Essar Projects has executed over US$ 10 billion worth of projects since its inception.
Essar has significant coal and iron ore reserves.
Essar Shipping is an integrated supply chain solution provider with investments in sea transportation and contract drilling services. The sea transportation business has a diversified fleet of 12 vessels with a combined tonnage of 1.12 million, and more than 220 ship years of experience.
OGD Services provides quality onshore and offshore drilling services to international clients in the oil & gas exploration industry.
AGC Networks (AGC) is a Global Solution Integrator representing the world’s best brands in Unified Communications, Data Centre & Edge IT, Cyber Security (CYBER-i), and Digital Transformation & Applications to evolve the customer’s digital landscape. It employs over 4,000 people, has a global presence in 25+ countries and serves over 4,000 customers which include Fortune 500 companies.