news years: 2022

“Reserve Bank of India’s decision of hiking the policy repo rate by 40 bps to 4.40 per cent was a move to be taken sooner or later to tackle the rising inflation pressures and control excess liquidity. However, this in turn will strengthen the core economic growth and ensure stability in this rapidly evolving business […]

The vision for holistic development Essar Foundation believes in creating an environment for holistic development of the community. Through its initiatives, the Foundation works at the grass root across remote corners of the country, and creates positive impact at every stage of growth of not just the community, but also the individuals. A nation’s youth […]

Achievements galore for Vizag Terminal Located within one of the 13 designated ‘major ports’ of India, Essar Ports Vizag Terminal Ltd (EVTL), Andhra Pradesh, is the largest iron ore handling complex in India. On 20th April 2022, the M.V. Star Eleni, a bulk carrier built in 2018, sailing under the flag of Liberia was successfully berthed […]

With mission to ensure a sustainable future for the underprivileged and marginalised sections of society, Essar Foundation reached out to support the children of St. Francis D’Assisi Orphanage, Borivali, Mumbai. St. Francis Orphanage was established by Bro. Paulus Mortiz to house excluded, unfortunate, marginalised and underprivileged children, and to enable them to experience the fullness […]

Supports the Aashram by providing financial and infrastructure assistance for construction of their new premises in Lasalgaon, Nashik Mumbai, April 08, 2022: Essar Foundation, the Corporate Social Responsibility (CSR) arm of Essar, continues to maintain its support towards uplifting communities. It has set a new milestone by providing a new home and essentials to the residents […]

Essar continues to set new milestones when it comes to uplifting communities. The Essar Foundation team recently visited ‘Jay Janardan Swami Aashram’ in Lasalgaon, Nashik to assist the community. Jay Janardan Swami Aashram, an orphanage and home to old-aged abandoned senior citizens is situated 320 kms from Mumbai, and is located in the interiors of […]

The low carbon hydrogen will be used to decarbonise industry as part of the HyNet cluster across the North West of England and North Wales. Vertex Hydrogen, the joint venture between Essar Oil UK and Progressive Energy, has today unveiled a report detailing the development of the UK’s first ever large-scale low carbon hydrogen production […]

Sports help build one’s character, and is key to the Nation’s health and wellbeing. Essar Foundation has a tradition of grooming young sporting talents, and is proud to be associated with a little girl’s dream of making it big with her skates! The nine year old girl, Durga Gunjal, is from a humble background, but […]

“The RBI has maintained an accommodative stance by not changing the repo and reverse repo rate, which was very much needed. GDP growth at 7.8 percent for FY 23 looks practical, as the impact of pandemic is diminishing and there is optimism in the economy especially after the Union Budget. With the enhanced capital expenditure […]

Stanlow, 09 February 2022 – Essar Oil UK (‘EOUK’), the leading UK-focused downstream energy company, announces plans to install a new £45 million furnace at Stanlow that’s capable of using hydrogen as its fuel source – a UK first. This marks another significant milestone in Essar’s continued commitment to becoming the UK’s first low carbon […]