Essar Project

What Essar Project does

Essar Projects is an India-based Engineering, Procurement, and Construction (EPC) company and a subsidiary of Essar Global Fund Limited, founded in 1969 and headquartered in Mumbai. It delivers multi-disciplinary capital projects across five core sectors — Hydrocarbons, Minerals & Metals, Infrastructure, Power, and Offshore & Subsea — for clients including Saudi Aramco, Indian public-sector oil companies, large private refiners (Nayara Energy), integrated steel producers (Tata Steel, JSW, SAIL, JSPL), mining majors (Vale), and power utilities (NEEPCO). The company has executed projects with cumulative value exceeding USD 11 billion and operates across India, the Middle East, Africa, North America, Europe, and Asia-Pacific.

The business model is project-based: Essar Projects bids for lump-sum or unit-rate EPC contracts, executes engineering in-house (supported by a High Value Engineering Execution Centre in Surat), sources equipment and materials through a network of 26,000+ registered suppliers, and manages construction through multi-year on-site deployments. Underlying technology is conventional EPC tooling — SAP for enterprise resource planning, Primavera for project scheduling, Marian for 3D modeling, and WRENCH for construction management. The company has also extended its hydrocarbons capability through a joint venture with Saipem.

Revenue is generated from fixed-price and reimbursable EPC contracts, milestone-based progress billings, and engineering service fees. Customer concentration is spread across oil & gas, steel, mining, and power, but exposure to capex cycles in heavy industry drives lumpiness in order inflow. The company is privately held under Essar Global Fund Limited and does not disclose audited revenue; however, project backlog, international footprint, and engineering-led positioning indicate a mid-to-large Indian EPC contractor by annual revenue scale.

Name

Essar Project

Legal name

Essar Projects

Website

https://essarprojects.com

Company type

Private

Founded year

1969

Operating status

Operating

Headcount range

11–50 employees

Short description

Essar Projects is an India-based EPC contractor and subsidiary of Essar Global Fund Limited, delivering multi-sector engineering, procurement, and construction projects across hydrocarbons, metals, power, infrastructure, and offshore for global enterprise clients.

Ownership category

akta.pro rank

Product category

EPC Engineering Procurement Construction Services

NAICS

Engineering Services (541330)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600)

akta.pro primary industry

Chemical & Petrochemical Plant Construction (IMAFADAA)

akta.pro secondary industries

Construction Management & Delivery (EPCM/CMAR/Design-Build Oversight) (EUANALAE), Mine Infrastructure & Utilities EPC (Power, Water, Comms, Camps, Roads, Airstrips) (IMAKAOAB), Process Plant & Materials Handling EPC (Crushing, Conveying, Stockpiles, Loadout) (IMAKAOAE), Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ), Overhead & Underground Collection System Construction (MV/HV Lines, Duct Banks) (EUAEADAG)

Keywords

• EPC project delivery
• Refinery construction services
• Offshore pipeline engineering
• Steel plant construction
• Infrastructure project management

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. EPC Project Contracts: Essar Projects generates revenue through large-scale EPC (Engineering, Procurement, and Construction) project contracts. Projects span across hydrocarbons, minerals & metals, infrastructure, power, and offshore sectors. Revenue is project-based, typically negotiated contracts with major corporations and government entities.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Essar Projects is an Engineering, Procurement, and Construction (EPC) contractor that delivers mega industrial projects from concept to commissioning. The company serves five core sectors — Hydrocarbons (refineries, tankages, pipelines, petrochemicals, fertilizers), Minerals & Metals (steel plants, slurry pipelines), Infrastructure (ports, airports, roads, townships), Power (thermal and hydroelectric plants), and Offshore & Subsea (platforms, subsea pipelines, FPSO moorings). It operates its own multidisciplinary Engineering Execution Centre in Surat, India, and provides integrated procurement through a Center of Excellence.

Product overview

Essar Projects is an EPC (Engineering, Procurement, and Construction) company offering end-to-end project delivery from concept to commissioning. The company operates as a single unified service offering across five core business sectors: Hydrocarbons (refineries, tankages, pipelines, petrochemicals, fertilizers), Minerals & Metals (steel plants, slurry pipelines), Infrastructure (ports, airports, roads, buildings), Power (thermal, hydroelectric), and Offshore & Subsea. The EPC Solutions are delivered through integrated capabilities encompassing Engineering Services (multidisciplinary team in Surat, India), Procurement Services (Center of Excellence with global sourcing), Construction Services (innovative methods with advanced equipment), and Project Management Services (complete implementation solutions). The company also provides corporate collateral including brochures and films. Essar Projects represents the Projects Business Vertical of Essar, part of the Infrastructure & Logistics portfolio of Essar Global Fund Limited.

Differentiator

Problem solved

Functional benefit

Products and services

• EPC Solutions (End-to-End) Comprehensive Engineering, Procurement, and Construction solutions delivering projects from concept to commissioning across hydrocarbons, minerals & metals, infrastructure, power, and offshore & subsea sectors for enterprise clients.
• Hydrocarbons Sector Services EPC services for world-class refineries, tankages & terminals, oil & gas pipelines, and petrochemical & fertilizer plants across geographies.
• Minerals & Metals Sector Services EPC services covering every stage of steel manufacturing including material handling, iron making, steel making, and end product facilities, as well as slurry pipelines.
• Infrastructure Sector Services EPC capabilities for ports, jetties, airports, roads, railway, buildings & townships, water pipelines, and sewage treatment plants.
• Power Sector Services Delivery of gas-based, coal-based, oil-fired, multi-fuel as well as hydroelectric power projects.
• Offshore & Subsea Services Services for both shallow and deep waters including construction of offshore platforms, subsea pipelines, SPMs, FPSO moorings, and subsea cable laying.
• Engineering Services Multidisciplinary engineering team providing value-added technical services including basic & front-end engineering, detailed design, 3D plant engineering, and project planning & management.
• Procurement Services End-to-end procurement services through a Center of Excellence concept with strong vendor network, global sourcing, and integrated supply chain management via SAP and POMS.
• Construction Services

Quantifiable outcome

• 35 MMTPA Refining capacity delivered across India
• +3 more outcomes

Named customers16 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Essar-Saipem Joint VenturecoreStrategic or Co-development PartnerJoint venture partnership with Saipem for execution of major projects, particularly in the hydrocarbons sector. The JV has achieved significant safety milestones including 50 million safe man-hours without Lost Time Injury.

Scale indicators12 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Bechtel: One of the world's largest privately-held EPC firms with deep hydrocarbons, mining, and infrastructure capabilities. Overlaps with Essar on mega refinery, LNG, and pipeline projects globally and represents the upper-end scale competitor Essar benchmarks against.
• KBR: Global EPC and government services contractor with strong hydrocarbons, petrochemical, and energy transition practices. Competes with Essar on refining, petrochemical, and energy infrastructure projects in the Middle East and Asia.
• TechnipFMC: Global EPC and subsea technology company serving the upstream and downstream energy value chain. Competes with Essar Projects on offshore platforms, subsea pipelines, and refinery EPC scopes.
• McDermott International: Global EPC specialist in offshore, subsea, and energy infrastructure. Overlaps directly with Essar Projects' Offshore & Subsea segment on platforms, subsea pipelines, and SPM/FPSO work.

Direct peers

• Afcons Infrastructure: Indian EPC contractor (Shapoorji Pallonji Group) active in marine, ports, metros, highways, tunnels, and oil & gas infrastructure. Comparable to Essar on ports/jetties, pipelines, and large infrastructure jobs in India and overseas.
• Petrofac: UK-listed EPC and oilfield services company focused on upstream, refining, and infrastructure for national oil companies. Direct competitor to Essar Projects in Middle East refinery, gas processing, and pipeline tenders (e.g., KIPIC, ADNOC, TAKREER).
• Shapoorji Pallonji Engineering & Construction: Indian EPC conglomerate executing large industrial, hydrocarbons, and infrastructure projects domestically and abroad. Similar geographic and sector mix to Essar Projects, and a frequent co-bidder on Indian mega tenders.
• Larsen & Toubro (L&T): India's largest EPC conglomerate, with overlapping hydrocarbons, minerals & metals, infrastructure, and power EPC capabilities. Directly competes with Essar Projects on Indian and Middle East refinery, petrochemical, and infrastructure tenders, and is the most direct scale comparable in the Indian EPC market.
• Tata Projects: Indian EPC arm of the Tata Group executing large-scale industrial, hydrocarbons, and infrastructure projects. Competes with Essar Projects for Indian refinery, steel, power, and urban infrastructure contracts, with comparable size and sector mix.
• Saipem: Italian global EPC contractor and Essar's JV partner in the Essar-Saipem joint venture. Directly comparable on offshore, subsea, refinery, and pipeline projects and a natural benchmark for Essar's hydrocarbons/offshore segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights4 records

Customer concentration

• Xx.com/EssarProjects
• YouTubeyoutube.com/watch?v=5lF2Od4txYk
• Facebookfacebook.com/EssarProjects
• LinkedInlinkedin.com/company/essar-project

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Essar Project