🔊 Take a moment and listen

Established in 1969 by the Ruia family, Essar has been an active participant in India’s progress by contributing significantly to Innovation and development across various sectors. With over 50 years of entrepreneurial expertise and a track record of strategic investments in sectors ranging from Ports, Steel Making, Oil refining, Retail, Power generation, IT, ITES, and many more, Essar has solidified its reputation as a creator of value of complex global scale assets.

Gujarat stands as a cornerstone, in shaping Essar’s journey of growth and development. The company’s investments in essential industrial and infrastructure projects have not only enriched the state’s industrial landscape but have also established a model showcasing Gujarat’s potential as an investment hub. Over the past 40 years, Essar has invested more than Rs 1 lakh crore into diverse projects within Gujarat, generating over 20,000 job opportunities.

Today, in the face of an urgent need to combat climate change, the global landscape is rapidly embracing cleaner alternatives. Essar, aligning itself with this global movement, was one of the first corporates to embark on a journey of transformation, redefining its corporate ethos to spearhead a sustainable era. With a renewed focus on a leaner, cleaner balance sheet, Essar is charting its path to a resurgence by anchoring strategies around three core themes: Decarbonisation, Decentralisation, and Digitalisation, all of which are shaping the future trajectory of its investments.

Dedicated to transitioning its current assets towards a greener economy, Essar is actively investing in forwardlooking ventures. These encompass green hydrogen production, biofuels, natural gas production, and logistics, as well as eco-friendly steel manufacturing. These strategic investments aim to transform industry sectors from being heavily carbon-dependent to fostering a clean energy ecosystem. Essar’s robust portfolio spans four pivotal verticals: Energy, Infrastructure & Logistics, Metals & Mining, and Technology & Retail, housing world-class businesses geared toward sustainability and innovation.

ENERGY

Energy remains a focal point, with Essar Energy Transition (“EET”) leading the charge in creating the UK’s prime energy transition hub in North West England.

Essar prioritises hydrogen as the fuel of the future. The company aims to establish a comprehensive green fuel ecosystem and plans to invest a total of Rs 28,800 crore (US$3.6 billion) in developing a range of low-carbon energy transition projects over the next five years. Of this amount, Rs 19,200 crore (US$ 2.4 billion) will be invested across its site at Stanlow, between Liverpool and Manchester, and Rs 9,600 crore (US$ 1.2 billion) will be allocated in India.

Essar’s EET Future Energy Limited has penned an MOU for Rs 30,000 crore investment to develop a 1 Gigawatt Green Hydrogen Electrolyser in Devbhoomi Dwarka District, Gujarat, fostering substantial employment opportunities.

Similarly, Essar Power revealed plans for an additional Rs 16,000 crore investment in Phase-II expansion at the Salaya-Dev Bhoomi Dwarka Thermal Power Plant. This initiative will generate job prospects for about 1,000 skilled and unskilled workers. The planned expansion will be based on Ultra Super Critical technology which would increase the efficiency of the power plant by 20%.

On the other hand, Essar Exploration & Production is actively developing diversified conventional and unconventional hydrocarbon assets with promising prospects in India and Vietnam. The Raniganj block has a resource base of 12 TCF (Trillion Cubic Feet) Coal Bed Methane (CBM). The company is contributing significantly to the Nation’s vision of being a gasbased economy.

INFRASTRUCTURE & LOGISTICS

In the infrastructure and logistics realm, Essar manages ports and terminals in India and the UK, with interests in project construction in India and the Middle East. Essar Ports, India’s fastestgrowing private port and terminal developer and operator, plans to construct a Commercial Port in Salaya, Devbhoomi Dwarka District. With an initial investment of Rs. 10,000 crore, this project aims to transform Salaya port into a bustling logistics hub, creating jobs for about 5,000 individuals with diverse skills.

Within this sector, Essar Green Mobility Solutions focuses on reducing carbon emissions in India’s logistics sector. It achieves this goal by establishing an LNG ecosystem through investments in companies like Blue Energy Motors, GreenLine Mobility Solutions, and Ultra Gas & Energy.

Blue Energy Motors is at the forefront of manufacturing India’s first fleet of LNGpowered heavy-duty trucks. Simultaneously, GreenLine Mobility Solutions is transforming the country’s road logistics by ensuring the widespread availability of Blue Energy Motors’ innovative LNG-powered long-haul trucks. Meanwhile, Ultra Gas & Energy is establishing an expansive network of Green Fuel Hubs nationwide, streamlining the efficient distribution of LNG.

METALS & MINING

Essar is engaged in a series of promising ventures within the Steel Industry, all focused on integrating “Green Technologies” to significantly reduce carbon emissions throughout the steel production process.

In line with Essar’s commitment to Green Steel, the company is initiating a ground-breaking project to establish a 4 million-tonne Integrated Steel Plant (ISP) in Ras Al-Khair, Kingdom of Saudi Arabia (KSA), signalling a major leap toward environmentally sustainable steel manufacturing.

Additionally, Essar is actively developing a 14-MTPA Iron Ore Pellet project in Odisha, India, aimed at meeting the escalating demand for steel. This project will deliver top-quality pellets of DR and BF grade.

Furthermore, under this vertical, Essar is involved in Mesabi Metallics, an advanced 7 MTPA iron ore mining and pelletisation initiative in Northern Minnesota, USA. Leveraging North America’s proven iron ore reserves, this project is catalysing the steel industry’s shift towards eco-friendly practices.

TECHNOLOGY & RETAIL

In the technology and retail sector, Essar has made strategic investments in Black Box, fostering interest in digital solutions and customer experience platforms across India, Europe, and the USA. The company stands out as one of the fastest-growing global technology solution integrators, boasting a robust presence in over 35 countries across 6 continents.

Additionally, within this vertical, Pluckk operates as a digitally integrated platform specialising in the sale of fresh fruits and vegetables. This platform is revolutionising the F&V industry and experiencing a remarkable growth rate of 4X.

LEADING BY EXAMPLE

Essar stands as a beacon of progressive change, leading the charge towards a sustainable future. Through its strong commitment to green initiatives, innovative investments, and pioneering projects across diverse industries, Essar aims to redefine the benchmarks of sustainability and strives to inspire a global movement towards a cleaner, greener, and more sustainable tomorrow for generations to come.

Be a part of Elets Collaborative Initiatives. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook , connect with us on LinkedIn and follow us on Twitter, Instagram.