Team News Riveting
Mumbai, January 21
Essar Capital Ltd, the investment manager of Essar Global Fund Ltd, announced the appointment of Anil Kumar Chaudhary as Chief Executive Officer for the Metals and Mining business.
He will be the member of the Executive Committee, and will play a key role in driving the investment strategy and growth in the Metals & Mining Vertical, domestically and globally.
Chaudhary was formerly the Chairman and Managing Director of Steel Authority of India Limited (SAIL) and has been the Chairman of International Coal Ventures Ltd. (ICVL) and mjunction services Ltd. He had also been the President of Steel Research and Technology Mission of India (SRTMI). Currently, he is the Chairman of Minerals and Metals Committee of PHDCCI.
Chaudhary, a seasoned professional with more than 37 years of experience, has an impressive record with leading Metals and Mining businesses. In his current role, he will be driving and implementing a strategic business plan for Essar Capital’s Metals & Mining Vertical and its growth and value creation.
Speaking on the appointment, J Mehra, Vice Chairman and Operating Partner, Metals and Mining, said, “We welcome Anil to the Essar family and firmly believe that he will bring his impeccable track record in areas of leadership and business operations and will take the Metal & Mining business to new heights. We at Essar look forward to his significant contribution and fresh perspectives that he will bring to the table”
Essar Capital’s Metals and Mining Vertical is committed to deliver greener solutions that focus on providing pellets. The Vertical is at an advanced stage of developing and executing projects in India and the US. In addition to that, the Vertical is foraying into iron and steel making, both in India and in the Middle East region.
Essar Capital Limited (“Essar Capital”) is the investment manager of Essar Global Fund Limited (“EGFL”). It monitors and manages the entire portfolio of investments owned by EGFL.
EGFL is a global investor, owning a number of world-class assets diversified across the core sectors of Energy (comprising Exploration & Production, Refining & Marketing and Power businesses), Infrastructure (comprising Ports and Stanlow Terminals), Metals & Mining, Services & Technology (comprising Shipping, Oilfield services, Projects, Technology Solutions, Device protection and Customer experience). EGFL invests long-term capital into the portfolio companies and holds near 100 per cent stake in all its investments. EGFL invests with a sense of active ownership, which involves direct engagement with the management of the respective businesses. The portfolio companies have aggregate revenues of about USD 13 billion and employ over 7,000 people.
