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Essar Group presently has an annual turnover of $15 billion with profits steadily increasing with each passing day. But, many might not know that the Ruia Brothers started the company with limited resources.
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The Ruia Brothers: The Leaders of Innovation and Sustainability
In the dynamic and flourishing landscape of business and entrepreneurship, few names set the benchmark for others to follow and these include Shri Shashi Ruia and Shri Ravi Ruia, more popularly known as the Ruia Brothers. They have been the driving force behind the Essar Group. Under the mentorship of Ruia brothers, Essar Group has witnessed remarkable growth in just a few years. Essar Group has invested in a portfolio of world-class companies across sectors and geographies. The group built world-class assets which when strategically monetized, brought in FDIs of over US$ 40 billion through large transactions.
Their Incredible Journey • Essar Group presently has an annual turnover of $15 billion with profits steadily increasing with each passing day. But, many might not know that the Ruia Brothers started the company with limited resources. The company which began operating as a small construction company, soon with the hard work and dedication of the Ruia Brothers, expanded into a diversified conglomerate with interests spanning across sectors such as steel, power, ports, oil, gas, telecom, and much more.
08 Assets built by the Ruia Brothers • With annual capacity surpassing 10 million tons, Essar Steel plant in Gujarat, India, is one of the Nation’s largest single-location flat steel plant. • Having built and operated total generation capacity of 5,000+ MW power plants across India and Canada, Essar Power has made significant contribution to meeting India’s energy demand. • They built one of the country’s largest refineries in Vadinar, Gujarat, with an annual capacity of 18 million metric tons per year.
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