Essar Group
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Rakesh Kankanala is the Managing Director, Metals and Mining of Essar Capital. An MBA from IIM Lucknow, Rakesh is a qualified Engineer from NIT, and brings with him 13 years of experience. Prior to being the Managing Director at Essar Capital, Rakesh has been at leadership positions in Essar Ports.
When commercial production began in 1996, Essar Steel became a producer of flat steel and joined the select group of Indian companies that produced this commodity. Due to sanctions post India’s testing of Nuclear bombs in Pokhran, Essar ran into financing issues.
Discover Essar's innovative solutions across industries globally. Explore our commitment to sustainability and cutting-edge technology. Join us in driving progress.
5 days ago · Discover the expansive universe of Essar. Dive into our diverse sectors, including energy, infra, metals, and technology, showcasing our commitment to innovation and sustainability.
Mar 6, 2023 · The $15-billion Essar group is making a quiet but big comeback to the steel industry with a global footprint in three mega projects with an investment of $8 billion over three to four years, according to a senior official.
Oct 26, 2023 · Starting in 2024, Essar embarks on constructing a $4 billion state-of-the-art steel plant in Saudi Arabia, aiming to revolutionise the steel industry with advanced technology and sustainable practices.
Feb 27, 2023 · The investments, across a range of hydrogen production technologies, decarbonisation, biofuels (road and aviation), and infrastructure projects, will contribute to North West England quickly becoming one of the leading post-carbon industrial clusters in Europe.
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It was the only alternative to imported steel scrap, which domestic manufacturers near the west coast of India relied on to produce steel. Soon, Essar set up a pellet plant in Visakhapatnam as part of its backward integration strategy and added steel manufacturing facilities and capacities at Hazira to gain value addition in its product line ...
Sep 11, 2023 · Through this partnership, DT and Essar will develop solutions for renewable energy generation and storage for Essar’s Flat Steel Complex in the KSA which is the first green steel project in the GCC region and will also explore opportunities for other potential projects.
