Essar Steel
 | |
| Company type | Public company |
|---|---|
| Industry | Steel |
| Founded | 1998 |
| Headquarters | Mumbai[1] |
Key people | Shashi Ruia, Chairman Dilip Oommen, MD & CEO |
| Revenue | ₹153.40 billion (US$1.8 billion)[2] |
| Total assets | ₹477.88 billion (US$5.7 billion)[2] |
| Total equity | ₹71.035 billion (US$850 million)[2] |
| Parent | Essar Group |
| Subsidiaries | ESSAR Steel India Limited, Essar Steel Algoma, Essar Hypermart, Essar Steel Minnesota LLC.[3] |
| Website | www.essarsteel.com |
Essar Steel is one of the leaders in India and abroad in the steel sector, part of the Essar Group. The company has a number of international centers.The company is classified as an NPA by PSU lenders and have sold the advance asset to restructuring companies.
List of Steel Plants
- ESSAR Steel India Limited, a fully integrated steel mill in Hazira, of the Surat district in Gujarat, India, with a steel-making capacity of 10 MTPA.[4]
- Essar Steel Minnesota LLC, a company located in U.S. state of Minnesota. Essar is building a $1.7 billion U.S. plant taconite plant. According to Twincities.com, as of February 2014 it is $600 million short on financing, and is not paying its contractors, who have filed liens on the property. http://www.twincities.com/localnews/ci_25270272/1-7b-minnesota-taconite-development-still-sitting-partially
- Essar Steel Algoma in Canada.
- Greenfield projects in Vietnam.
- Steel plant in Indonesia.
- Integrated steel plant in Trinidad and Tobago.[5] It has a current capacity of 8.6 million tonnes which they plan to raise to 14 mt by 2011-12.[6]
See also
- ESSAR Steel India Limited — Essar Steel in India.
References
- ^ "Essar Group | Businesses | Steel | Contact us". Essar.com. 6 May 2010. Retrieved 1 December 2010.
- ^ a b c "Essar Steel Annual Report 2013-13" (PDF). Essar Steel. Retrieved 27 October 2013.
- ^ "Essar Steel ties up funds for $1 billion US mining project". The Hindu Business Line. 18 September 2010. Retrieved 1 December 2010.
- ^ www.essar.com: ESSAR Steel India Limited
- ^ Saha, Sambit (18 September 2010). "The Telegraph - Calcutta (Kolkata) | Business | Essar Steel thinks global". Calcutta, India: Telegraphindia.com. Retrieved 1 December 2010.
- ^ "Essar Steel merger complete". Business-standard.com. Retrieved 1 December 2010.
- ^ Myers, John (3/4/2014). Twincities.com http://www.twincities.com/localnews/ci_25270272/1-7b-minnesota-taconite-development-still-sitting-partially. Retrieved 3/4/2014.
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External links
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