Essar’s Prashant Ruia takes pledge to lead the movement of Clean and Green India

Essar Director Prashant Ruia has taken a pledge and made a promise to participate in nation building and lead the movement for Clean and Green India with a renewed vision and renewed vigour Under the ‘Har Ghar Tiranga’ campaign.

“On the diamond jubilee of our national independence, we at Essar have a pledge to make a promise to keep. We, Essarites pledge to rededicate ourselves, with new vision and renewed vigour, using our 50 years of experience and entrepreneurship to participate in nation building and leading the movement for Clean India, Green India; that is our Dream India,” Ruia said while speaking during the company’s celebration of India’s 75 years of Independence.

“We promise to create sustainability based businesses, build future-centric assets and ethical companies which will generate value for all stakeholders for the next 75 years. In keeping the pledge and delivering the promise I seek your full support and commitment; first as conscious and proud citizens of India and second as professionals of Essar”, he added.

Ruia also highlighted the history of the group which has worked tirelessly in line with the national need by setting up the first private power plant in India, launching the first mobile telecom service, owning the first private oil tanker and building one of India’s largest integrated steel and refinery complex.

“Let us resolve to invest 1 per cent of the total capital expenditure of the country as we have done earlier. As we achieve, we grow. It is now time to gain greater global presence, both as India and as Essar,” he added.

Essar Capital is the investment manager of Essar Global Fund Limited (EGFL) - a global investor, owning a number of assets diversified across the core sectors of energy, infrastructure, metals & mining etc.

EGFL invests long-term capital into the portfolio companies and holds near 100% stake in all its investments. The portfolio companies have aggregate revenues of about USD 13 billion and employ over 7,000 people.