Essar Group is a global industrial and infrastructure group with over five decades of experience in developing and operating world-class assets. Founded in 1969 by Shashi Ruia and Ravi Ruia.

ESSAR has built a strong presence across Four (4) verticals:

1.     Energy

2.     Infrastructure

3.     Metals and mining

4.     Technology and retail

Over the 50 years, ESSAR has invested US $25 billion in greenfield projects.

Today, the Group has a net worth of US $10 billion and generates more than US $15 billion in annual revenues from its diversified portfolio.

ESSAR’s strategy is firmly anchored in the energy transition, decarbonised industry, and responsible resource development. In line with this vision, the Group is advancing the Mesabi Metallics Project in Minnesota – USA, a large-scale taconite development producing high-grade pellets for DRI and EAF technologies. The project is designed to support clean steelmaking and meet the growing demand for low-carbon steelmaking. This project reflects ESSAR’s forward-looking approach: combining strong resource fundamentals with sustainability and market relevance.

In Mauritania, ESSAR has been entrusted with advancing the Askaf iron ore Project in the Tiris Zemmour region. Designed as a 7.5 Mtpa magnetite operation, Askaf will deliver high-grade concentrate to global markets, reinforcing Mauritania’s role as a leading iron ore exporter. ESSAR is working closely with national stakeholders to integrate the project into the country’s rail and port infrastructure, ensuring efficient exports and broad economic impact.

Askaf represents both a continuation of ESSAR’s mining expertise and a clear step into its new age,  building projects that are competitive, sustainable, and aligned with the global green steel transition.

Essar Group: Global Vision, Local Commitment.