Who We Are
Essar Energy is a world-class, low-cost, integrated energy company focused on India and well-positioned to capitalise on India’s rapidly growing energy demand.
Essar Energy is a world-class, low-cost, integrated energy
company focused on India and well-positioned to capitalise on
India's rapidly growing energy demand. We have an established track
record, and US$16 billion of assets across the power and oil and
Oil and Gas
Essar Energy's refining and marketing business primarily
consists of the Vadinar refinery, the second-largest private sector
refinery in India, the Stanlow refinery in the United Kingdom and a
50% interest in the Kenya Petroleum Refinery Limited. Essar Energy
serves retail customers in India through a modern, countrywide
network of c.1,400 operational retail fuel outlets.
In the oil and gas sector, the company has 15 blocks and fields
in the various stages of exploration and production of oil and gas
in India, Indonesia, Madagascar, Nigeria and Vietnam. Total
reserves and resources across these blocks is 2,034 mmboe.
Essar Energy has seven operational power plants in India
and one in Algoma, Canada, with a total installed capacity
of 3,910 MW. Essar Energy also has access to
approximately 500 mt of coal resources across seven coal blocks in
India and overseas.
Our stock listings
Essar Energy (ESSR) is listed on the London Stock Exchange (LSE)
and is part of FTSE 250 index. In India, the company operates its
oil and gas business through Essar Oil, which is listed on the
Bombay Stock Exchange and the National Stock Exchange of India.
The company's IPO in May 2010 raised US$1.9 billion gross
proceeds (US$1.8 billion net proceeds), and at that time was the
largest primary offering in the London market since 2007.Essar
Energy completed acquisition of the Stanlow refinery in the
United Kingdom in July 2011.
On December 6, 2011 Essar Energy launched its sponsored level 1
American Depository Receipt (ADR) programme. Trading under the
symbol 'ERERY', each ADR represents two ordinary shares of Essar
Energy and is traded on the U.S over - The - Counter (OTC) market.
The establishment of ADR programme will benefit the existing
shareholders by making its share more accessible to U.S. investors
and provide Essar Energy with increased visibility within the U.S