Samiksha Jaiswal (Editor)

Essar Steel

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Type
  
Public company

Website
  
www.essar.com

Headquarters
  
Mumbai

Parent organization
  
Essar Group

Industry
  
Steel

Founded
  
1998

Total equity
  
71.04 billion INR

Essar Steel wwwkrimishacomimagesgallery1392104033essalogogif

Key people
  
Mr.Shashi Ruia, Chairman Dilip Oommen, MD & CEO

Total assets
  
₹477.88 billion (US$7.1 billion)

CEO
  
Dilip C Oommen (7 Jul 2011–)

Revenue
  
153.4 billion INR (US$2.3 billion)

Subsidiaries
  
Essar Steel Trading Fze

Essar steel plate mill and pipe mill hazira


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 [27.06.16 11.30am CNBC TV18]

Contents

Resurgence of essar steel algoma


List of Steel Plants

  • ESSAR Steel India Limited, a fully integrated steel mill in Hazira, of the Surat district in Gujarat state of southwestern India, with a steel-making capacity of 10 MTPA.
  • 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. It has a current capacity of 8.6 million tonnes which they plan to raise to 14 mt by 2011-12.

    • References

    Essar Steel Wikipedia
    (Text) CC BY-SA