The story
History of the company reach back to 1 June 1976 when specialised marine construction company Essar Construction Limited was incorporated as a part of Essar Group. Essar Steel was a division of Essar Construction, responsible for manufacturing of hot briquetted sponge iron. On 19 August 1987, the company changed its name to Essar Gujarat Limited and on 4 December 1995, to Essar Steel Limited.
In 1994–1995, a new plant for manufacture of hot rolled coils was commissioned in Hazira. A pelletisation plant was set up at Visakhapatnam. P.T. Essar Dhananjaya joint venture was formed in Indonesia for manufacturing of cold rolled products.
In 2003, Essar in cooperation with Stemcor set up a cold rolled steel unit.
In 2007, Essar acquired the Canadian steel mill Algoma Steel.
On 18 January 2012, the company changed its name to Essar Steel India Limited.
From Wikipedia’s article on Essar Steel, shared under CC BY-SA 4.0.5