Energy
Essar's primary business is in the power and oil sectors. Most of this is handled by Essar Energy, which is approximately 76% owned by Essar Group, is today India's 2nd largest power generation company in the private sector. Its current generation capacity of 1,600 MW is being expanded to 8,070 MW. Power generation comes from a combination of gas, coal and liquid fuel based power plants. Essar Energy holds a controlling stake in Essar Oil.
Essar Oil has an international presence across the hydrocarbon value chain from exploration and production to oil retail. The company has access to a global portfolio of onshore and offshore oil and gas blocks with about 45,000 km2 available for exploration. The refineries are Vadinar in Gujarat India; Stanlow in Cheshire, United Kingdom and 50% controlling stake in Kenya Petroleum Refineries. Essar also has 1600 oil retail outlets in various parts of India.
Essar Power has a current generation capacity of 00 MW, which is spread across five power plants in India and Canada, with a combined capacity of 1,200 MW in three locations across India. Including two gas-based plants and one liquid fuel based plant in Hazira, a co-generation plant in Vadinar and a coal-based plant in Visakhapatnam.Two 1200 MW power plants in Tori,Jharkhand and Mahan, M.P. They also own about 800 million tonnes of coal reserves and resources in blocks spread across four continents.
Essar Power was listed on the London Stock Exchange in 2010. Essar Oil is listed on on the Bombay Stock Exchange and the National Stock Exchange of India.
Read more about this topic: Essar Group
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