Essar Energy Plc history, profile and history video
Essar Energy Plc is a holding company, which through its subsidiaries engages in the generation of power and exploration of oil and gas. The company operates through four segments: Refining and Marketing India, Refining and Marketing UK, Exploration and Production and Power. The Refining and Marketing India segment includes the refining of crude oil and trading, marketing and transportation of finished products and by-products. Its main products are high speed diesel, motor spirit, fuel oil and superior kerosene oil. The Refining and Marketing UK segment includes the refining of crude oil and trading, marketing and transportation of finished products and by-products. Its main products are high speed diesel, motor spirit, fuel oil and superior kerosene oil. The Exploration and Production segment includes oil and gas in India, Indonesia, Madagascar, Nigeria and Vietnam. The Power segment operates gas and liquid fuel-based power plants in India and Canada together with a number of mining assets. Essar Energy was founded on December 18, 2009 and is headquartered in Port Louis, Mauritius.“
“Essar Energy History
Established in 1998 as a wholly owned business unit of the Essar Group conglomerate, the firm was partly floated on the London Stock Exchange in April 2010, marking the exchange’s largest initial public offering since December 2007. The company was added to the FTSE 100 Index at the subsequent quarterly review. Essar Group retains an approximate 76% stake in Essar Energy. The lead underwriters to the Initial Public Offering were JPMorgan Chase and Deutsche Bank. The primary offering raised £1.3bn. Ravi Ruia, the Chairman, and Sanjay Mehta, a senior board member of Essar Global Limited, were identified in an Economic Times of India article as instrumental in the listing.
Essar Energy announced in 2013 that it would sell its 50% stake in the Kenya Petroleum Refineries Limited to the Kenyan government.”
*Information from Forbes.com and Wikipedia.org
**Video published on YouTube by “EssarHome“
