Just before the issue was launched, India tested the nuclear bomb at Pokhran. Priya Chakravarty is the Senior Director, HR, at Essar Capital. epl.secretarial . Prior to this, he was a partner with KPMGs risk consulting practice focusing on enterprise and compliance risk management, partnering with leading multinational companies in areas of GRC in India, North America and Middle East. Now, Essar is all set to team up with the new JV partner Vodafone to take growth to the next level. He is responsible for all HR matters for the Metals & Mining and Services & Technology portfolios. He has led natural resources sector businesses for major investment banks globally. By offering efficient low carbon logistics solutions to develop third party business we support diversification of the traditional refinery business and become a fundamental part of the UK drive to become carbon neutral. : +91-22- 66601100 Fax: +91-22-66601809 Write to us : Mumbai Essar Equinox Business Park (Peninsula Techno Park), Off Bandra Kurla Complex, Madhu Vuppuluri is the Operating Partner, Metals & Mining, Essar Capital. If you would like a quote for delivery . At that price, steel plant operations were simply unsustainable. Mahalaxmi, Essar Oil UK is a leading UK-focused downstream energy company whose main asset is the Stanlow Manufacturing Complex, one of the most advanced refineries in Europe and situated close to the major cities of Liverpool and Manchester. Essar has invested in a portfolio of world-class companies across sectors and geographies. Phone. With eight jetties offering import and export of bulk liquids, marine access to terminals at Tranmere and Stanlow, one of Europe's largest road terminals, excellent links to the UK's motorway network and direct connections into the UK's Oil and Fuel Pipelines, STL offers unrivalled connectivity. With 18 years of experience, he has also served as the Senior Vice President, International Projects and Corporate Finance, with Essar Services. Being one of the low-cost steel producers, Essar managed to make operating profits. By this time, all of Essars businesses had grown significantly and the time had come for managing each business as an independent company. Prior to joining Essar, he was associated with EY as a Partner for 11 years. . Since acquiring Stanlow in 2011, Essar has invested $1 billion in margin improvement and other efficiency initiatives to ensure the refinery remains competitive in a rapidly changing market. Essar Oil UK, which operates Stanlow Refinery, and Fulcrum BioEnergy, based in California, US, have teamed up with Stanlow Terminals to develop the . Scrap prices were volatile and had to be purchased with precious foreign exchange. The project, which will see an investment of approximately 600m, will use Fulcrum's proven waste-to-fuel process, which is already being deployed at its pioneering facility outside of Reno, Nevada in the United States, where operations are due to begin later this year. An MBA from IIM Lucknow, Rakesh is a qualified Engineer from NIT, and brings with him 13 years of experience. Until then, only foreign construction companies would undertake a project of this magnitude and complexity. Raj Varma is an Advisor, at Essar Capital. . Patrick Walters, Chief Executive Officer, Stanlow Terminals Limited, said: This landmark announcement of our partnership with Fulcrum after our first year of operations is an excellent example of why Stanlow Terminals Limited was established. In the early 1980s, when the government opened up the ownership and operation of Offshore Supply Vessels (OSV) to private Indian companies, Essar was one of the first to enter the fray. Vikash Saraf is the non-executive director of Essar Capital. But this was not sufficient to meet its debt obligations. Dhanpat Nahata is the General Partner, Strategy and Risk, at Essar Capital. In addition, in an honorary capacity, Adithya is currently the Senior Vice President at the India Chapter of Institute of Internal Auditors Inc, USA and President elect for 2021 22. Stanlows reconfigured and optimised single train operation delivers significant upgrading capability and produces an above average proportion of middle distillates, principally diesel and jet fuel, helping to addressthe significant and growing deficit in the UK and Europe. At Hazira, a deep draft berth and shipping channel was constructed to enhance the cargo handling capacity by bringing larger vessels alongside the berth. 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. At Stanlow Terminals, we pride ourselves on being flexible to our customers' needs, with a market leading storage offering. Stanlow contributes an estimated 60 million each year to the local economy and will house the UK's first low carbon hydrogen facility. 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. Together, these initiatives will help diversify the refinery in a greener direction, and help achieve the UK's decarbonisation goals. He joined Essar in early 2000 and has played a key role on strategic investments of Essar in core economy and infrastructure sectors. Stanlow, 15th February, 2021. Essar braced itself for the oncoming challenge. Contact information for Essar companies in India and worldwide . Plant owner Essar is also investing in a . He has significant experience of managing strategic transactions, acquisitions and raising capital across industries including Financial Services, Information Technology and Manufacturing (Cement, Sugar, Refractories, Power, Renewable Energy, Steel & Healthcare). Essar began the process of refinancing one year in advance, in May 1998. Purchasing and Supplier Management (PSM) enquiry, Essar Oil UK Ltd - Code Of Conduct.pdf document - PDF | 4.8MB, Essar Oil UK - Anti-Slavery and Human Trafficking Statement.pdf document - PDF | 85.6KB, Essar Gender Pay Gap 2021.pdf document - PDF | 1.2MB, Tax Strategy Policy.pdf document - PDF | 481.5KB. 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. 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. Intelius reports cannot be used for background checks related to consumer credit, insurance, employment, housing or any other purpose prohibited under the FCRA. Acting as director of several client companies, Rajiv is a Fellow member of the Mauritius Institute of Directors since 2012. Essar subsidiary Stanlow Terminals is to provide storage and logistics services for a new 600 million (687.8 million) sustainable aviation fuel (SAF) plant to be built near Ellesmere Port, UK. Fulcrum is currently commissioning the world's first commercial waste-to-transportation fuels plant, located in the United States. and more than 70 percent of its shipping revenues came from international operations. Our sights are firmly set on helping to drive the UK's decarbonisation strategy. Being the largest independent means we can move quickly to meet your bulk liquid storage needs, Unique Refinery Access When Essar conceived the project, international steel prices were in the region of USD 450 per tonne. The chemicals manufacturing plants uses technologically-advanced process units to produce propylene and turn ethylene, benzene, hydrocarbons and other feedstocks into a wide range of polymer and other products. Since Essar did not have prior experience in this industry, it roped in Swiss PTT as a joint venture partner. He would be responsible for advising and leading the company with regards all investments and opportunities in the metals & mining sector. 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. Bespoke sustainable solutions to suit logistics and supply chain requirements. Essar Constructions executed pipe laying contracts for all the major oil companies in India, and drinking water pipelines in Gujarat, Tamilnadu and Rajasthan. School of Social Transformation. This is equivalent to the domestic heating energy used by a major British city region, such as Liverpool. It vigorously worked towards restructuring its balance sheet, drawing up a three-pronged strategy to address . Shashi Ruia began his career in the family business in 1965 under the guidance of his father, the late Nand Kishore Ruia. This will produce (in its initial phases) 1GW of hydrogen (the equivalent energy use of a large UK city like Liverpool) and capture some 1.8 million tonnes of carbon per annum. This arrangement was made for two principal reasons: One, Indian financial institutions were not in a position to lend for a longer term; two, raising foreign currency debt beyond five years was not permitted at that time. The energy industry is changing. Mr Mehra is involved in various Essar initiatives in areas of Business Strategy, Investments, Corporate Governance, Risk Management and Sustainability. Prior to joining Essar, he was the CEO of Religare Finvest Limited (RFL) and the Managing Director of Religare Housing Development Finance Corporation (RHDCL). Ellesmere Port, Cheshire, Production started in November 2006 with a capacity of 7.5 MTPA. The challenge was to select a sector that was an import substitute, with a product that had long-term demand and served a national purpose. Operating Parter, Infrastructure & MD & CEO, Essar Ports. The Research & Development team developed high-end products for specialized applications, like interstitial free steel for auto and auto components, high-end API grade steel for the petroleum industry, steel conforming to the ABS standard for ship building industry and so on. 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. In addition, Fulcrum NorthPoint was awarded a grant by the UK Government Department for Transport. 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. Essar Capital Limited (Essar Capital) is the investment manager of Essar Global Fund Limited (EGFL). Simultaneously, global steel prices started tumbling and reached a historic low of USD 180 per tonne. If approved, construction work is scheduled to begin on site by the end of 2022, with hydrogen production set to commence by the mid-2020s. Essar Stanlow's top supplier is Refined Technologies with 17 shipments. Essar will achieve its decarbonisations targets through a combination of incremental (energy efficiency and operating improvements) and transformational projects, including the 360 million carbon capture plant announced today, but also as a result of the significant investments Essar is making into hydrogen and biofuels. You may not use any information obtained from Intelius for any purpose covered by the FCRA. Managing Director, Finance, Infra, Tech & Retail. 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. These include the construction of two new low carbon hydrogen production units on site as part of HyNet, with a planned total investment of 1 billon. The FRNs were due for refinancing in 1999, the year that marked the end of the five-year term. Fulcrum is actively developing Fulcrum NorthPoint at the Essar Stanlow Manufacturing Complex in Cheshire, in the North West of England. Essar Ports Limited Essar House, 11, K.K. It will also utilise direct pipeline access to pump and transport the SAF to UK airports through the Manchester Jet Line and the UK Oil Pipeline network (UKOP). Essar G. Ltd is the primary contact at E-Telequest, Inc. E-Telequest, Inc generates approximately USD 13,100,000.00 in revenue annually, and employs around 300 people at this location. The plant has a high availability factor of 99 percent. . 11, K.K. Updated: 27 Jan 2022, 06:04 AM IST Subhash Narayan The UK's first low carbon hydrogen facility at Essar Stanlow will sit at the heart. as panic buying hits forecourts across the country. The company began its operations with the construction of an outer breakwater in Chennai port, an order worth Rs 2.5 crore. We are committed and primed to lead the national charge in the development of a more sustainable energy infrastructure by creating the UKs first eco-friendly energy hub. In early 2005, Essar restructured the balance sheet and work resumed with renewed vigor on completing the refinery project. Vertex Hydrogen is a joint venture between Essar Oil UK and Progressive Energy. Haseeb Drabu is an economist with over 30 years of experience with diverse skill-sets and wide-ranging experience as a lawmaker, policy planner, banker and an economic commentator. Once complete in 2027, the plant will eliminate an estimated 0.81 million tons of CO2 per year the equivalent of taking 400,000 cars off the road, eliminating nearly 40% of all Stanlow emissions. This new development promises to lead the way to a cleaner and more sustainable future in the North West and change the way aviation fuel is made to help decarbonise the UK. With over 32 years of work experience in the technological sector, Alok leads all new capital investment recommendations to the companys board. Essar had contracts with Chevron, Exxon-Mobil, Stat Oil, Shell, etc. Essar Global Fund invests, builds and nurtures a portfolio of world-class companies through Essar Capital, its investment manager. For Essar's Stanlow Terminals Limited, this is a breakthrough deal to provide dedicated tank capacity for the storage and blending of fuel products from Fulcrum NorthPoint. Work on the refinery was progressing as per schedule till the first quarter of 1998. Additionally, he has held leadership positions at IAA Healthcare, Metropolitan Insurance, CIM Global Business, CIM Asset Management, Ireland Blyth Limited and HSBC respectively. Essar Logistics took care of the movement of cargo, generated by Essar Steel and Essar Oil, by road. The construction and shipping businesses grew rapidly and Essar gradually established itself as a leading marine and industrial construction company. Investing in an end-to-end logistics infrastructure. CH65 4BD, United Kingdom, UKs Largest
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