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Essar's energy unit has big ambitions in India and beyond

August 20, 2010

India-based Essar Energy, a subsidiary of family-owned Essar Group, released half-year results showing a profit before tax of $154.4million, a decrease from $233.6million in the same period a year ago.

However, second-generation Prashant Ruia, vice chairman of Essar Energy, said: "In terms of the actual results of the company we have been more or less in line with our projections. On the refining side, production has totalled 7.2 billion tonnes which has been a record."

Essar Energy raises £1.2 billion in IPO

May 4, 2010

India-based Essar Energy, a subsidiary of the family-owned Essar Group, raised £1.2 billion on Friday in an IPO on the London Stock Exchange.

Revealed: India's richest families

November 14, 2008

Some of India’s most affluent families have dominated the list of the country’s 40 most wealthy individuals.

Some of India's most affluent families have dominated the list of the country's 40 most wealthy individuals. Topping the Forbes list, with an estimated fortune of $20.8 billion, is Mukesh Ambani (pictured). His brother Anil, with whom he has an infamously turbulent relationship, came third with a fortune of $12.5 billion.

Second on the list is Lakshmi Mittal, head of steel giant ArcelorMittal. Despite a tough few months for his company, Mittal is still worth an estimated $20.5 billion.