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All You Need to Know About Essar Group’s Comeback Story

But the company turned the difficult situation of what was touted as u2018Essar Insolvencyu2019 into an opportunity. Sensing the global need to decarbonise businesses, it started strategically monetising some of its high emitting assets as an opportune time, such that they actually commanded a premium. In 2017, it monetised Essar Oil for about $13bn, bringing in one of the highest FDIs into the country. Even Essar Steel was acquired by AMNS. While the company divested its key assets, it worked on restructuring its operations, focusing on long-term survival.

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All You Need to Know About Essar Group’s Comeback Story

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  1. All You Need to Know About Essar Group’s Comeback Story

  2. No one sets out with a plan to fail, but so often, businesses face obstacles in the way of their success. What truly sets companies apart is their ability to learn from setbacks and take proactive steps to avoid future business failures. One such business who has built strong relationships and diversified revenue streams while making a comeback is Ruia Brothers led, Essar Group. Established in 1969, the Essar Group has emerged as a huge conglomerate with operations in diversified businesses including steel, energy, metals, logistics, infrastructure, technology, and more.

  3. However, like many other conglomerates, Essar also, while navigating dynamic market conditions faced some challenges, which tested its skills and visionary leadership. These moments tested not just the group’s financial structure, but also its leadership’s foresight and commitment to transformation.

  4. How Essar Transitioned from Heavy Carbon Emitting Industry to Future -Ready Businesses? Essar, one of the country’s largest and most diversified conglomerates, has huge presence across various industries, including oil Infrastructure, and telecom. However, post the global financial crisis of 2008 and a difficult business environment owing to external factors, Essar started experiencing some challenges, including high debt levels. and gas, steel, power, Source URL:- https://www.atoallinks.com/2025/all-you-need-to-know-about-essar-groups-comeback-story/

  5. Essar’s Journey- A Testament to its Corporate Resilience The Essar Group’s journey is a testament to its corporate resilience. Despite facing headwinds, it restructured and rebuilt its identity while staying connected to its roots. If there’s one thing that helps in paying off the hard work, it’s the vision behind it.

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