M: +44 (0)7805 854 169 E: ian.cotton@essaroil.co.uk . Prior to being the Managing Director at Essar Capital, Rakesh has been at leadership positions in Essar Ports. Essar is a leading UK-focused downstream energy company whose main asset is the Stanlow Manufacturing Complex, one of the most advanced refineries in Europe situated close to the major cities of Liverpool and Manchester. Investing in an end-to-end logistics infrastructure. He was the Chief Executive Officer and Board Member at Essar Oil UK Limited. Since 2010, some of the pioneering investments were proactively monetised for an enterprise value of US$ 40 bn through large transactions with foreign and Indian entities. By 2030, Vertex expects to deliver nearly 4GW of low carbon hydrogen, equivalent to c.40% of the UK Governments national target. With Assets Under Management (AUM) of USD 8.2 billion, as on 31 March 2021, and a net asset value of USD 4.4 billion, the current investment portfolio of EGFL is future centric and value accretive. Sunil is also the President of Wind Independent Power Producers Association. Essar was founded in 1969 by his father, Shashi Ruia and uncle Ravi Ruia. He has worked as an Economic Advisor, and the principal economic policy maker at the state level for seven years. In addition, Essar Oil UK operates an integrated terminal and marine facility at Stanlow and Tranmere on behalf Stanlow Terminals. Utilising our strong geographical position and experience in the energy sector, we are providing delivery solutions based on the ability to safely handle energy products to meet the needs of todays society and tomorrows society. The gas will be permanently sequestered into depleted gas fields under the sea in Liverpool Bay, as part of the HyNet cluster infrastructure in the North West of England. The sponge iron plant became a hugely successful venture. One of Essars strengths has been its ability to invest in businesses that have the potential for growth and its strategy to diversify as a hedge against cyclicality. Prashant has been an integral part of EGFLs operations and management since 1985 and a key driver of the Funds growth, diversification and value creation, both within India and internationally. It is also a major regional employer with over 900 staff, an additional 800 on site contractors and a further 5,000 people employed indirectly through the extended value chain. Essar also reentered the contract drilling services business after a hiatus of three years. Later, it went on to buy a specialized pipe-laying barge to undertake this kind of activity. Essar has invested in a portfolio of world-class companies across sectors and geographies. Leveraging his extensive business network, Firdhose has also played an active role in assisting portfolio companies with business development and cross-border transactions or business relationships across Africa, the Middle East and Asia. The majority of the investment - across a range of hydrogen production technologies, decarbonisation, biofuels and infrastructure projects - will be at its Stanlow site ($2.4bn), with the balance in India. Essar merged these circles into Hutchison Essar to create a telecom major. He is responsible for all HR matters for the Metals & Mining and Services & Technology portfolios. School of Social Transformation. By 2006, all the circles were under one umbrellaHutchison Essar Limited. Our sights are firmly set on helping to drive the UK's decarbonisation strategy. Vikash is also a member of the Management Committee of Essar Capital. In 2005, when the government came out with the unified licensing scheme, the JV started merging all the telecom circles. In addition, Fulcrum NorthPoint was awarded a grant by the UK Government Department for Transport. It involved buying an asset against the securitisation of receivables. Crude oil is supplied to the refinery via a 15 mile pipeline from the companys Tranmere facility further downstream in the Mersey Estuary. Following this maiden contract, Essar bagged projects at every major port in the country, including Tuticorin, Mangalore, Goa, Kakinada and Nhava-Sheva in Mumbai. He is responsible for investigation, analysis and assessment of risk, and accordingly design and implement strategies and processes which mitigate these threats. Essar owned 33% stake in the consolidated entity. Viral has held key leadership positions at Vedanta Resources Plc, CIMB Securities/ Royal Bank of Scotland, Warburg Pincus, Citigroup, and Credit Suisse. . Prashant holds key positions on several prestigious regulatory and professional boards. Our latest List Price, effective from 2nd March, for Ex Rack sales is as follows. Harnessing our expertise and experience, ambition and can-do approach, we contribute to a more sustainable society while providing value propositions to our partners by simplifying their supply chains. There was an FCCB (Foreign Currency Convertible Bonds) component that needed to be raised abroad in the latter half of 1998. Shashi Ruia began his career in the family business in 1965 under the guidance of his father, the late Nand Kishore Ruia. The Stanlow refinery supplies about a sixth of the UKs road fuel. As a result, while most shipping companies in India were making losses in the 80s, Essar was reaping profits. Prior to Essar, he has worked with Archean Group as Group President, and with SIVA group as CEO for about 15 years. Essar replaced Swiss PTT with Hutchison as partner. Not one to lag behind, Essar seized every opportunity that came its way. The returns from the transition will not only outperform benchmark returns but also contribute to a sustainable society within the framework of Environmental, Social and Governance (ESG) and transform sectors for a post carbon economy. . With more than 50 years of experience, he guides Essar through transformations, manages operating functions and leads complex projects. Jeff Ovens, Managing Director, UK & Europe Fulcrum, added: We are excited to be announcing this project, located within one of the UK's most important energy producing assets, which will help reduce the burden on landfills and industry's reliance on fossil fuels. Alok Gupta is the Operating Partner, Technology & Retail, at Essar Capital. He plays a key role in managing strategic functions of EGFL. CH65 4BD, United Kingdom, UKs Largest Jatinder Mehra is the Vice Chairman & Operating Partner of Essar Capital. Email address: SSTAdvising@asu.edu / SSTGradAdvising@asu.edu Phone: 480-965-7682 Location: Advising offices are located in 777 Novus, Suite . Since early August, the company has increased its daily vehicle shifts from 52 to more than 70, and is aiming to increase deliveries to more than 80 by the end of October, it said. Having started his career with HPCL, he worked with National Oil Nigeria, Reliance Industries Ltd., TotalFinaELF and Gulf Oil India. Stanlow, 25 th May 2021: A new project that forms part of Essar's plans to decarbonise the Stanlow Refinery in North West England has secured a 7.2m grant from the Industrial Energy Transformation Fund. With has a nameplate capacity of 296,000 barrels of oil a day, it is responsible for about one sixth of the UK's petrol supply. Stanlow, 30th November 2022: Essar Oil UK Limited (Essar or the Company) today announces its plan to build a 360 million major new carbon capture plant at its Stanlow refinery in line with its ambition to become a leading low carbon refinery by 2030. His academic research paper on Sustainability and Renewable Consumption Obligation has been presented at forums of international repute. The company's spirited involvement in community service . Stanlow is a key strategic national asset, annually producing over 16% of the UK's road transport fuels, while playing an important part in Britain's petrochemical industry by providing key feedstocks. . Essar will assist with the blending and supply the new SAF to airlines, with Stanlow Terminals Limited providing product storage and logistics solutions for the project under a long-term agreement. He has also led digitalisation initiative in GRC space and was instrumental in running technology-based solution around enterprise risk, compliance risk, license management and document repository systems. Intelius does not provide consumer reports and is not a consumer reporting agency as defined by the FCRA. Essar Group is to invest $3.6bn developing low-carbon energy in the UK and India under the newly formed Essar Energy Transition (EET). Most Recent Shipment: 04/07/2022 (Database Updated . Mr Sogani helps manage Essar Capital investments in the portfolio companies of metals & mining sector. Last month Essar Oil UK announced its participation in the production of blue hydrogen under the HyNet project. Legal Disclaimer and Terms and Conditions of Usage, This website uses cookies or similar technologies, to enhance your browsing experience and provide personalized recommendations. Utilising the world class facilities available at Essar, including the impressive jet fuel storage facility at Stanlow Terminals Limited and direct pipeline to UK airports, Fulcrum, along with its current and future investors, will be able to build and operate its facility more efficiently and sets the 'gold standard' for SAF production by fully integrating its new, low carbon fuel technology directly within an existing refinery.Fulcrum's fuel will enable airlines to reduce their impact on the environment and help put the aviation industry on its path to a more sustainable long-term operation. The sponge iron plant, initially set up with a capacity of 0.88 million tonne per annum (MTPA), was expanded to produce 1.32 MTPA. Even during the downturn in the shipping industry, Essar Shipping registered profits. [1] www.essaroil.co.uk/news/uks-first-refinery-based-hydrogen-furnace-arrives-at-essar/. In 2012, he was awarded an excellence award for his contribution to renewable energy and sustainability by the Energy and Environment Foundation. Prior to joining Essar, he was the Vice President and General Counsel at Hindustan Construction Company Ltd. Run a search by name for anyone in Tempe, Arizona & get free white pages information instantly. He has over 25 years of work experience in the field of M&A and Transactions. Prior to joining Essar Capital, Vikash was an Executive Director and CEO of SSKI Corporate Finance Ltd, a boutique investment bank specialising in infrastructure financing and advisory. He was appointed as MD & CEO of Essar Shipping, Ports & Logistics Limited in 2010. And in February, Essar announced it has joined forces with Fulcrum BioEnergy and Essar's subsidiary company Stanlow Terminals to create a new 600m facility which will convert non-recyclable. 20 August 2011. All these activities were consolidated under Essar Shipping and Logistics Limited. Delivering cleaner/greener energy solutions, Localise the supply chains for the industry, Create logistics network, storage solutions and platforms by leveraging technology, To be the trusted go to technology solution integrator, https://www.essar.com/wp-content/uploads/2021/09/Essar_Corporate_Film.mp4, Provide new environmentally beneficial source of energy in India, Transform Essar Oil UK to become a global benchmark for green refineries, Build a hub for the UKs upcoming hydrogen transformation, Build an energy compliant state-of-the-art steel plant, Provide the lowest cost high grade green iron ore pellet in the United States and India, Enable trade and transport services across the industrial hubs in the west and east coasts of India, Create the largest independent hydrocarbon terminals business in North-West Europe, To architect, deploy, manage and secure the customers IT environment through customised solutions, To integrate intelligent digital networks and platforms, Implementing and managing investments and divestments, Preparing and delivering financial reports of EGFL, Implementing and overseeing appropriate policies and procedures, 1995 First Mover partnership with Hutchison Whampoa and then with Vodafone, Part Sale of Aegis USA Inc. to Teleperformance at $610 million, Sale of 98% stake in Essar Oil to Roseneft, and Trafigura-led consortium. Essar Ports Limited Essar House, 11, K.K. Located on the south side of the Mersey Estuary close to Liverpool and Manchester, STL is the newest and largest third party liquid storage business in the UK, controlling 3 million cubic metres of capacity. The promoters could foresee the demand, a vision that paid rich dividends. This brought down the capital cost per tonne of steel, which helped reduce overall cost of production. Just before the issue was launched, India tested the nuclear bomb at Pokhran. The steel generation capacity at the Hazira plant was raised from 2 MTPA to 2.4 MTPA through de-bottlenecking. He has played an integral role in many landmark private equity transactions and has also managed many regional and global private equity funds. Both these factors led to a stoppage of work at the refinery, The Mid-2000s: Resurrecting the Essar Oil Refinery. . Essar Oil UK bought the Stanlow refinery at Ellesmere Port from Shell in 2011. Essar is a leading UK-focused downstream energy company whose main asset is the Stanlow Manufacturing Complex, one of the most advanced refineries in Europe situated close to the major cities of Liverpool and Manchester. He is the former Chairman and Managing Director of state-run natural gas giant GAIL India Ltd and had started his career in Oil and Natural Gas Corporation. He also served as a member on the Boards of Bharat Shell, and was the managing director of Bharat Oman Refineries Ltd. After a brief stint with Reliance Industries as its advisor, Varma joined Essar Oil as its CEO, Marketing, in 1999. . At that price, steel plant operations were simply unsustainable. As a result of that work over the past few months, EOUK has $1.1bn [800m] in liquidity secured. Sponge iron generation capacity was also increased to 5.5 MTPA. Essar Stanlow's top supplier is Refined Technologies with 17 shipments. Earlier this year, it announced its participation in production of blue hydrogen under the HyNet project. A general view of Essar Oil UK's Stanlow oil refinery near Ellesmere Port, Britain, September 27, 2021. Sanjay Palve is the Sr. and more than 70 percent of its shipping revenues came from international operations. The plant has a high availability factor of 99 percent. He is responsible for capital raising, financial performance improvement, risk monitoring and corporate banking. Steel: The uncertainties of a cyclical business. All its Suezmax tankers were approved by oil majors, an endorsement that fetches a premium in freight. Rajiv Agarwal is the Operating Partner, Infrastructure, at Essar Capital and Managing Director, Essar Ports.He has over 30 years of experience and has held leadership positions in sectors such as Ports, Shipping, Telecom, Retail and Business Processing Outsourcing. Hutchison Essars subscriber base, too, has risen from 1,50,000 to 28 million. Essar Energy. The FRNs were due for refinancing in 1999, the year that marked the end of the five-year term. A new value-centric growth strategy based on Entrepreneurship, Expertise and Experience along with a robust governance system and structure will deliver superior returns, sustainably. In addition to outside contracts, it executed all of Essars internal projects. He has over 28 years of experience in investment banking, private equity, audit and investment in a variety of institutions including KPMG and UBS Warburg. By using SAF derived from residual domestic household and commercial waste, greenhouse gas emissions are reduced significantly on a lifecycle basis when compared to fuels produced from conventional crude oil. He has held several senior management positions within the financial services industry over the past twenty-two years with experience in stockbroking, investment and treasury management, corporate and fund administration and insurance mainly in Mauritius and Canada. Physical location: 777 Novus, Suite 310AA, Tempe, AZ 85287-4308 Building: Novus Tower, Tempe Campus Mailing address: P.O. Essar Oil UK said Stanlow was operating as normal during the current fuel crisis, and supplying fuel to north-west petrol stations as normal, as panic buying hits forecourts across the country. Mr Viral Gathani is the Managing Director, Finance, Energy, at Essar Capital. Essar also entered the power and telecom sectors as and when they were opened up to private participation. Essar is a leading UK-focused downstream energy company whose main asset is the Stanlow Manufacturing Complex, one of the most advanced refineries in Europe situated close to the major cities of Liverpool and Manchester. Together, these initiatives will help diversify the refinery in a greener direction, and help achieve the UK's decarbonisation goals. When Essar conceived the project, international steel prices were in the region of USD 450 per tonne. Essar then acquired licenses for Eastern UP, Rajasthan, Haryana and Punjab.
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