Essar Group

Essar Group is an Indian multinational conglomerate with a diverse portfolio spanning energy, infrastructure, metals & mining, technology, and retail sectors. The group has operations in over 25 countries across five continents, employing more than 60,000 people and generating revenues of $27 billion.

The group's investment strategy focuses on value-centric growth, emphasizing sustainable and innovative solutions. Essar Global Fund Limited (EGFL), the group's investment arm, manages assets in energy (oil refining, oil and gas exploration and production, power), infrastructure & logistics (ports, projects), metals & mining, technology, and retail. EGFL holds a nearly 100% stake in all its investments.

Essar Group is committed to decarbonization, decentralization, and digitalization, investing in sustainable businesses such as blue & green hydrogen, LNG, biofuels, green ammonia, and green steel. The group has announced plans to invest $2.4 billion in the Stanlow Refinery in the UK and $1.2 billion in India to develop low-carbon energy transition projects.

Essar's portfolio includes significant companies like Essar Oil UK, Essar Ports, Essar Oil & Gas Exploration & Production, Essar Shipping, Essar Power, and Essar Projects. The group has also ventured into steel manufacturing with plans to set up a 4 million tonnes per annum green flat steel complex in Saudi Arabia and an iron ore pellet plant in Odisha, India.

Essar Group's commitment to sustainability is evident in its investments in green technologies and its efforts to align its portfolio with global net-zero carbon goals. The group aims to set sector-specific benchmarks with its approach to green innovations, running operations in an authentic and transparent manner.