Essar Global Fund Limited (“EGFL”) is a global investor, controlling a number of world-class assets diversified across the core sectors of Energy (comprising Exploration & Production, Refining & Marketing and Power businesses), Infrastructure (comprising Ports and EPC businesses), Metals & Minerals, Services (comprising Shipping, and Oilfield services), and Technology (comprising Technology Solutions, Mobile Wallet, Device protection and Customer experience ). EGFL invests long-term capital into the portfolio companies and holds near 100% stake in all its investments. EGFL invests with a sense of active ownership, which involves direct engagement with the management of the respective businesses. The portfolio companies have aggregate revenues of about USD 14 billion and employ over 7,000 people.
Over the last few years, Essar has reduced its groupwide leverage by more than US $20 billion (or over Rs 140,000 crore, about 85 percent of overall debt) through aggressive monetization of some of its key businesses, like Essar Oil, Aegis and Equinox Realty. These businesses were acquired by global majors at record valuations and are a testament to the quality of assets built by Essar.
ESSAR CSR & Sustainability Updates
After NCLAT, NCLT now rightfully dismisses appeal of Hindustan Oil Exploration Company
A listed oil company, Hindustan Oil Exploration Company (HOEC)’s attempt to jeopardize implementation of the Resolution Plan completed on Sept...
CSR: Optum pledges Rs 11 cr towards fight against COVID-19
Optum, a part of UnitedHealth Group (UHG), has committed Rs. 11,45,68,775 to fight the COVID -19 pandemic in India. The...
CSR: Mindtree donates Rs. 1.87 Cr towards Covid-19 relief support materials and vehicles
Mindtree, a leading digital transformation and technology services company on behalf of its employees and the management, has donated, worth of Rs....
Liquipro – Water from Air: the Water technology!
The innovation addresses issues of water sustainability in India India is home to ~ 17% of the world’s population but...
Sustainability: Nokia decreases electricity consumption by 4%, more from renewable source
In 2019, Nokia electricity consumption across the facilities decreased by 4% as compared to 2018 and 31% of our total...
CSR: Tata Power’s ‘Dhaaga’ supplying 1,20,000 face masks for COVID-19
The spread of the pandemic has significantly impacted many communities in India. The country has been witnessing a shortage and...
CSR: UnitedHealth Group Commits Additional $10 Million for COVID-19
UnitedHealth Group will contribute an initial $10 million to fight the COVID-19 pandemic internationally in countries where its UnitedHealthcare and...
CSR : Pir Panjal Brigade & Spark Minda, Ashok Minda Group organizes Free Artificial Limb Fitment Camp at Baramulla
BARAMULLA (J&K): Pir Panjal Brigade and Spark Minda, Ashok Minda Group as part of their continuous efforts aimed towards social upliftment...
Tata Steel Noamundi Run for Biodiversity delights the rural population
NOAMUNDI (Odisha): Tata Steel today organised the Noamundi Run-a-thon - Run for Biodiversity in Noamundi, Odisha. This was the first-ever run for...
Nominations open for NCPEDP – Mindtree Helen Keller Awards 2017
NEW DELHI: Article 27 of the United Nations Convention on the Rights of Persons with Disabilities (CRPD) "recognizes the right of...