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Group profile

inside_group_profile.gifEssar Global Fund Limited (“EGFL”) is a global investor, controlling a number of world-class assets diversified across the core sectors of Energy, Infrastructure (comprising Ports and EPC businesses), Metals & Mining, and Services (Shipping, IT and Retail businesses).
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 US$12 billion and employ over 8,000 people.

The key assets in EGFL’s portfolio are:

Stanlow Refinery

UK’s second largest refinery supplying 16% of UK’s fuel requirements

Essar Power

3,830 MW of power generation capacity in India and Canada, further 1,260 MW under construction

Exploration & Production

10 TCF coal bed methane (CBM) reserves & resources in India with production of 1 mmscm per day

Essar Steel

India India’s 2nd largest single location flat steel producer (10 MTPA capacity)

Essar Steel Indonesia

200,000 tonnes of cold rolling operations

Aries Coal Mine

70 mn tonnes of coal reserves in Indonesia

Essar Ports (India)

India’s 2nd largest private port company with total capacity
of 110 MTPA (82 MTPA operational and 28 MTPA under construction)

Essar Ports(Canada)

Handles nearly 500 ships and 5 mn tonnes of cargo per year

Essar Projects

40-year track record of handling over 100 large scale projects globally

Essar Steel Indonesia

200,000 tonnes of cold rolling operations

Essar Shipping

14 ships including VLCCs, capesize and supramax

Oilfield Services

15 land rigs, 1 semi-submersible offshore rig

EGFL has over the years demonstrated a successful track record of value creation and monetization. The assets monetized by EGFL have attracted interest from leading global players. 

The key divestment include:
  • Divestment of majority stake in Essar Oil Limited to Rosneft, Trafigura and UCP for USD 12.9 billion in 2017
  • Divestment of BPO business in US / Philippines to Teleperformance for USD 610 million in 2014
  • Divestment of a significant minority stake held in Vodafone India to Vodafone for USD 5.5 billion in 2011
  • Divestment of telecom infrastructure business to American Tower Corporation for USD 450 million in 2007

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Vadinar Terminal is awarded 5 Star certification by the British Safety Council, UK, for its Environment Management System - the first facility to get a double five-star in its very first audit

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