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Energy plc (ticker: ESSR), one of India¶s leading private sector power and oil and gas companies, to its Main Market. The company has raised £1.3 billion though its premium listing, making it the largest ever Indian IPO in London and the second largest Indian IPO on a public market anywhere in the world, the company in an e-mail to Greater Kashmir said. Giving details it said the IPO is also the biggest premium listing on the London Stock Exchange¶s markets by an international company since the IPO of Eurasian Natural Resources in 2007. According to the statement, speaking ahead of the listing, Xavier Rolet, Chief Executive Officer, London Stock Exchange Group, said: ³A float of this size is a major win for London and a significant achievement for Essar Energy, which is now positioned on our flagship Main Market alongside its global peers. Despite difficult market conditions, London¶s deep pool of international, institutional capital continues to support the financing needs of the world¶s largest companies. ABOUT ESSAR: The Essar Group (BSE: 500630, BSE: 500134) is a multinational conglomerate corporation in the sectors of Steel, Energy, Power, Communications, Shipping Ports & Logistics as well as Construction headquartered at Mumbai, India. The Group's annual revenues were over USD 15 billion in FY08-09. Essar began as a construction company in 1969 and diversified into manufacturing, services and retail. Essar is managed by Shri.Shashi Ruia, Chairman ± Essar Group and Shri.Ravi Ruia, Vice Chairman Essar Group. STEEL: Essar Steel is a global steel company with strong presence in intensive steel consuming markets in Asia and North America. It is India's largest exporter of flat steel with 14 MTPA (million tons per annum) of capacity. Essar Steel is fully integrated from mining to retail and has strong downstream capability with a global retail capacity of over 3 MTPA. GLOBAL FOOTPRINT: In 2007, Essar Steel acquired Algoma Steel in Canada, which has a current capacity of 4 MTPA, and Minnesota Steel, which has iron ore reserves of over 1.4 billion tons. The company is building a 6 MTPA pellet plant, a concentration plant and a direct reduced iron plant in
000 TPA cold rolling complex with a galvanizing line of 150. and to those of South East Asia and the Middle East. As of May. The Indian operations also include an 8 MTPA beneficiation plant at Bailadila. In Indonesia. It has a portfolio of onshore and offshore oil & gas blocks worldwide. Essar announced that it had signed a deal to buy US coal producer Trinity Coal Partners from US private equity group Denham Capital for $600m. Essar Energy Plc is a FTSE 50 company. ENERGY : Essar Oil is a fully integrated oil & gas company of international scale with strong presence across the hydrocarbon value chain from exploration & production to oil retail. Essar had hired banks JPMorgan Cazenove and Deutsche Bank to organise the share listing. with a capacity of 10 MTPA at Hazira. it operates a 400. Sanjay Mehta a senior board member of Essar Global Limited was identified in the Economic Times of India* as the person who led the transaction. a 5. PRODUCTS AND SERVICES: Essar Steel produces customized products catering to a variety of product segments and is India's largest exporter of flat products to the US and European markets. INDIAN OPERATIONS: Essar Steel is the largest steel producer in western India. Essar GLobal Limited the holding company of the Ruia brother raised up to £1. with about 70. This includes the Ratna and RSeries fields and one shallow water offshore exploration block. Gujarat. The business also has interests in an exploration block . The company is building a 1.5 MTPA plate mill and a 0. 2010.6 MTPA pipe mill in Hazira.000 km2 available for exploration. both in proximity to the Mumbai High field in the Mumbai offshore basin. The Essar Steel complex at Hazira in Gujarat. 7 March 2010.5 MTPA hot briquetted iron plant in Hazira and a 1. Essar is setting up an 12 MTPA pellet plant in Paradip.4 MTPA cold rolling complex.3bn by floatation of Essar Energy Plc on the London Stock Exchange. EXPLORATION AND PRODUCTION: The Exploration and Production business of the company has participating interests in several hydrocarbon blocks for exploration and production of oil & gas. Orissa. Chhattisgarh. including a captive port.Minnesota. Additionally. an 8 MTPA pellet complex at Visakhapatnam. making it the largest private steel company in that country.000 TPA. India has a complete infrastructure setup. lime plant and oxygen plant.
Kenya. telecom tower infrastructure and business process outsourcing. and has placed orders for 12 new ships. .000-bpd refinery operated by Kenya Petroleum Refineries Ltd in Mombasa. It is one of India's largest operators of ports and are building a cargo handling capacity of over 150 MTPA. COMMUNICATIONS: Essar Communications is in the communications sector with presence in telecom services. with a subscriber base of over 90 million. It is one of India's largest cellular service companies. EXISTING AND UPCOMING PLANTS: Essar Power operates five power plants with a combined capacity of 1. SHIPPING AND LOGISTICS: Essar Shipping was started in 1945. Essar Energy is among the lowest cost power producers. It additionally owns a Coal Bed Methane (CBM) block at Durgapur in West Bengal. With a portfolio of gas. Essar Energy holds a controlling stake in Essar Oil.200 MW in three locations across India. In Kenya. It has also entered the transmission and distribution sectors in India where it has quickly built a strong presence. and two more exploration blocks in Assam. Essar is also venturing into emerging markets in Africa and South Asia. two offshore blocks in Australia and one offshore block each in Vietnam and Nigeria. India. VODAFONE-ESSAR: Vodafone-Essar is a joint venture of Essar Communication Holdings Ltd and the UK-based Vodafone Group. Essar Communications has launched a new cellular services brand called ³yu´.Ports & Logistics is a comprehensive sea logistics company with presence in sea transportation.200 MW is being expanded to 6. a co-generation plant in Vadinar and a coal-based plant in Visakhapatnam. It owns a shipping fleet of 25 vessels. becoming the country¶s fourth telecom operator. Its current generation capacity of 1. Including two gas-based plants and one liquid fuel based plant in Hazira. Essar also owns a 50 percent stake in an 88. logistics and oilfields services. one onshore block in Indonesia. approximately 76% owned by Essar Group. telecom retail. The overseas exploration assets include two onshore oil & gas blocks in Madagascar-Africa. It is market leader in western India. is today India's second largest power generation company in the private sector. ports & terminals. coal and liquid fuel based power plants.000 MW.in Mehsana. Gujarat. which in currently under commercial production. POWER: Essar Energy.
which is an all-weather. intra-plant logistics and dispatch of finished products. The port at Hazira has a capacity to handle 8 MTPA of bulk cargo. It also operates a fleet of 4. . including Very Large Crude Carriers. all in the state of Gujarat. serves major oil refineries and independent cargo traders in the region.200 trucks to provide inland transportation of steel and petroleum products. and dry bulk cargo to the global energy. LOGISTICS: The Logistics business provides end-to-end logistics services from ships to ports. It owns trans-shipment assets to provide lighterage support services. lighterage services. and onshore & offshore logistics services. The enhanced capacity will not only serve the expansion in the Hazira steel plant. Vadinar. The operations include an oil terminal in Vadinar and upcoming bulk terminals in Hazira and Salaya. This will be enhanced to 30 MTPA through building a shipping channel that can berth larger vessels. at Salaya comprising a bulk and liquid terminal with container handling facilities. deepdraft port. PORTS AND TERMINALS: The Ports & Terminals business is among India's largest owners and operators of ports and terminal facilities. The business is also building a port. transportation management services and integrated dry bulk transportation services. but also cater to the needs of the upcoming Essar SEZ units. product tankers and capesizes.SEA TRANSPORTATION: The Sea Transportation business provides transportation management services for crude oil and petroleum products. The terminal has crude receiving capacity of 32 MTPA (being expanded to 50 MTPA) and sea-based product dispatch capacity of 14 MTPA. of about 20 MTPA capacity. It has a diversified fleet of 25 vessels. It provides crude oil and petroleum products transportation. steel and power industries.
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