EET Fuels is part of Essar Global Fund Limited. Essar Global Fund Limited (“EGFL”) invests globally in a number of world-class assets diversified across the core sectors of Energy (comprising Exploration & Production, Refining & Marketing and Power businesses), Infrastructure & Logistics (comprising Ports and EPC businesses), Metals & Mining and Technology & Retail (comprising Technology Solutions, Food Retail, Device protection and Customer experience solutions). EGFL invests long-term capital into the portfolio companies and holds near 100% stake in all its investments. The portfolio companies have aggregate revenues of over USD 15 billion and employ over 7,000+ people.
EET Fuels is massively committed to investing in energy transition and is building a portfolio of companies in this space. EET Hydrogen is a central component of that vision, which will be instrumental in helping create a hydrogen future, with an investment of over £1 billion. The project is poised to create jobs and support local communities for decades to come.
Since 1969, and over the last 50 years, Essar has also been dedicated to developing the core sectors of the Indian economy through Greenfield and Brownfield investments. Essar promoters took a conscious decision to invest in these sectors and make India self-sufficient. They pioneered India’s private sector entry into capital intensive businesses, like Steel, Oil & Gas, Ports and Power. Essar is one of the earliest and largest contributors to the Make in India, as well as Skill India, initiatives of the government. Not only has it created world-class assets, but also nurtured a skilled workforce with the ability to operate these assets.
Since 2010, Essar Global Fund undertook a massive investment programme of over USD 20 billion in core economy sectors. It created world-class assets that have attracted the best global companies, like Vodafone, Rosneft, Arcelor Mittal, American Tower Corporation and Teleperformance, etc., to invest in India and infuse FDI of more than USD 40 billion.
The Fund has a global portfolio of fully operational assets with investments in Indonesia, United Kingdom, North America and Africa, apart from India. Essar continues to evaluate business opportunities across geographies with a focus on building long-term partnerships.
EET Fuels, a trading name of Essar Oil (UK) Limited that operates the 10 MTPA Stanlow refinery in Chester, UK, which caters to 16% of the country’s road transport fuel demand. It also runs a countrywide network of over 70 Essar branded retail outlets, with a target of 400 outlets in the next five years.
Essar is one of the largest E&P companies in India primarily focused in the domain of Unconventional Hydrocarbons (UHC) having a resource base of 15 TCF (Trillion Cubic Feet) Coal Bed Methane and shale gas resources.
Essar Power is one of India’s largest private sector power producers with an operating track record of over 20 years, and owns plants in India and Canada.
Essar Ports develops and operates ports and terminals for handling dry bulk, break bulk and general cargo.
With over four decades of experience in project execution and delivery, Essar Projects has played a defining role in the Engineering, Procurement and Construction (EPC) domain; offering innovative execution and delivery solutions to clients across geographies and multiple sectors. Essar Projects has executed over US$ 10 billion worth of projects since its inception.
Essar has significant coal and iron ore reserves in India and overseas. It is setting up a world-class fully integrated 21 MTPA mining, 7 MTPA beneficiation and 7 MTPA pelletisation facility in Nashwauk, Minnesota. Other investments include a high grade thermal coal mine located in the rich coal belt region of East Kalimantan, Indonesia. With quality upwards of 5000 Kcal/Kg, it has a reserve base of 72 million tonnes, and another 15-20 million tonnes expected as upside.
In Odisha in India, Essar is building a 14-MTPA Iron Ore Pellet project which will cater to the region’s rising steel demand. With a vision to produce environmentally compliant pellets, Minmet will deliver high quality pellets of DR and BF grade.
Essar is also investing in building a 4-MTPA steel plant in Ras Al-Khair, Kingdom of Saudi Arabia (KSA). It is poised to be the largest integrated flat steel complex across entire MENA (Middle East & North Africa) region. The project would use environment-friendly technology to establish a future-ready facility, with the flexibility to use Hydrogen as the reducing agent in the DRI plant.
Essar’s foray into technology is mainly through Black Box Limited (Formerly known as AGC Networks Limited) and LitmusWorld.
Black Box is a Global Solution Integrator representing the world’s best brands in Customer Experience, Cyber Security, Connected Buildings, Data Centers, Digital Workplace, Enterprise Networking and In-Building 5G/OnGo. Black Box is a strong player in the North American and European markets while being dominant in the Enterprise Communications space in India. A 3,500+ strong team base serves clients worldwide through an expanded offerings portfolio and an extended geographical reach across 30+ countries including North America, Latin America, Europe, Asia Pacific, Middle East & Africa and SAARC countries.
LitmusWorld is India’s leading Experience Management Solution provider that helps mid to large enterprise improve customer and employee experience to positively impact the bottom-line growth.
Pluckk is Essar’s investment in a digitally integrated platform selling fresh fruits & vegetables, which is targeting to be a preferred brand in a US$ 300 billion market. As a digital e-commerce platform, Pluckk is serving Mumbai and Bangalore currently, and plans to expand to the top 15 cities in India, delivering farm-to-fork supply chain in a 24-hour model.
