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
India CSR launches the inaugural ‘ESG for All: Sustainability First’ Summit
India CSR - a leading organisation on sustainable development and Corporate Social Responsibility (CSR) on May 31 organised its maiden...
CSR: Essar extends support to the kids of St. Francis D’Assisi Orphanage
With mission to ensure a sustainable future for the underprivileged and marginalised sections of society, Essar Foundation reached out to...
CSR: Essar provides shelter for Jay Janardan Aashram in Nashik
Mumbai (India CSR): Essar Foundation, the Corporate Social Responsibility (CSR) arm of Essar, continues to maintain its support for uplifting communities....
Essar House turns pink to mark the International Day of Girl Child
MUMBAI: Celebrating the International Day of Girl Child, Essar is illuminating Essar House, it's iconic headquarters opposite Mahalaxmi Racecourse, to...
CSR: Essar vaccinates over 2,000 employees across locations so far
AHMEDABAD: Essar Power Hazira Ltd (EPHL) had recently organized a vaccination drive for over 300 employees and the contract associates,...
CSR: Essar sets up a 100 Bed Covid Care Centre with Oxygen support at Devbhumi Dwarka district
KHAMBALIYA (Gujarat): Essar said it had set up an exclusive 100-bed Covid care centre at Devbhumi Dwarka district of Gujarat...
CSR: Essar Foundation and AGC Networks jointly supports multiple noble initiatives in the country
Essar Foundation, the CSR arm of Essar along with AGC Networks, a global tech company, have come together to support...
Our Rainbow Project focuses on inclusion and empowerment of transgender community, Says Essar Foundation CEO
Essar Foundation, CSR - Corporate Social Responsibility arm of Essar Group has been committed to striking a sustainable balance between...
This Independence Day, Essar unfurls the Inclusivity flag!
With the day marking India’s 74th Independence Day, many corporates initiated conversations around their respective brands. While most chose to speak...
Sustainability takes center stage in celebration of World Environment Day 2020 on AVID Online!
Avid Learning, where I serve as CEO is the cultural philanthropy arm of the Essar Group and was founded in...
