Essar Placement Papers - Essar Interview Questions and Answers updated on Nov 2024

We are a fully integrated flat carbon steel manufacturer – from iron ore to ready-to-market products – with a current capacity of 14 million tonnes per annum (MTPA). Our products find wide acceptance in highly discerning consumer sectors such as automotive, white goods, construction, engineering and shipbuilding.

Essar Steel is one of India's largest exporters of flat products, exporting to the highly demanding US and European markets, and to the growing markets of South East Asia and the Middle East.

A number of major client companies have approved our steel for their use, including Caterpillar, Hyundai, Swaraj Mazda, the Konkan Railway, and Maruti Suzuki. Essar Steel has acquired extensive quality accreditations and our lean team gives us one of the highest productivities and lowest manpower costs among steel plants internationally

Essar began as a construction company in 1969 and has diversified into manufacturing, services and retail over the years since then. Over the last decade, it has grown through strategic global acquisitions and partnerships, or through greenfield and brownfield development projects, capturing new markets and discovering new raw material sources. 

Today, the Group continues to expand its global footprint, focusing on markets in Asia, Africa, Europe, the Americas and Australia. Essar invests significantly in the latest technology to drive forward and backward integration in its businesses, and on leveraging synergies between these businesses. It also focuses on in-house research and innovation to be a low-cost manufacturer with high-quality products and innovative customer offerings.

The combined assets of Essar Power and Essar Oil constitute Essar Energy plc, a company that was listed on the London Stock Exchange in 2010 following a highly successful initial public offer (IPO),the second-largest overseas IPO ever floated by a company of Indian origin.

Alongside its ambitious business pursuits, Essar has been committed to its social responsibility. The Group runs community outreach initiatives at all its plant locations, with a focus on education, healthcare, environmental and agricultural development, and self-employment. Essar is committed to sustainable business practices. Its Health, Safety and Environment (HSE) management system is on par with global standards. The Group is also actively undertaking climate change initiatives to reduce its carbon footprint. This includes several Clean Development Mechanism (CDM) projects that earn the company 'Certified Emission Reduction' credits. A growing number of its businesses – with new businesses joining the list every year – are certified to international environment standards, including ISO 9001 /14001, and health and safety standards, such as OHSAS 18001.

The Essar Group is widely regarded as a responsible and conscientious global employer. It has experience in managing businesses in different geographies with a culturally diverse workforce. This is why its people practices are sensitive to cross-cultural nuances. The Group's people strategy is focused on promoting a learning culture that continually enhances the professional skills of its employees.

Sustainability

Sustainable development is integral to Essar Group’s overarching business model. The Group’s approach to Sustainability focuses on economic, social and environmental activities

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