23 Jun
Essar Constructions India Limited (ECIL) – the Indian arm of Essar Projects – was formed in May 2017 to pursue EPC Business interests in India and the subcontinent. As a relatively nascent company, ECIL began its slow yet steady growth journey.
Fully aware of the challenges and limitations, the strategy was to take baby-steps in strength areas, get a footing in the market and then explore wider opportunities. The first four years saw the Engineering Division of ECIL steadily making breakthroughs with established as well as new clients.
Concomitantly, the EPC Division was working steadfastly towards showcasing the inherent strengths & execution capabilities, rebuilding relationship with old clients and partners as well as connecting with new ones.
It was quite an uphill task to regain market confidence. To add to the challenges, the COVID -19 pandemic struck, causing a slow-down and deferring finalization of orders. As a result FY2020-21 saw a decrease in key financials (Order Book, Revenue and EBITDA). Nonetheless, considering the slowdown as a dip before take-off, team ECIL geared itself further and their persistence paid-off as enquiries for construction works began to flow in. Sheer confidence in their execution capabilities and competitive pricing paved the way for orders involving construction scope, while efficient projects delivery and customer satisfaction led to repeat orders and new breakthroughs for Engineering.
It’s been five years now and team ECIL has a growth story to be proud of …
Fully aware of the challenges and limitations, the strategy was to take baby-steps in strength areas, get a footing in the market and then explore wider opportunities. The first four years saw the Engineering Division of ECIL steadily making breakthroughs with established as well as new clients.
Concomitantly, the EPC Division was working steadfastly towards showcasing the inherent strengths & execution capabilities, rebuilding relationship with old clients and partners as well as connecting with new ones.
It was quite an uphill task to regain market confidence. To add to the challenges, the COVID -19 pandemic struck, causing a slow-down and deferring finalization of orders. As a result FY2020-21 saw a decrease in key financials (Order Book, Revenue and EBITDA). Nonetheless, considering the slowdown as a dip before take-off, team ECIL geared itself further and their persistence paid-off as enquiries for construction works began to flow in. Sheer confidence in their execution capabilities and competitive pricing paved the way for orders involving construction scope, while efficient projects delivery and customer satisfaction led to repeat orders and new breakthroughs for Engineering.
It’s been five years now and team ECIL has a growth story to be proud of …
Commenting on the occasion, Mr. Nitin Bhatt, CFO, ECIL, expressed, “Five years ago, ECIL started from scratch, but what we had with us was a very strong positive attitude, confidence in our capabilities and people with a will to rise!”
Proud of the team’s achievements, Mr. Sejal Jani, Head – Business Development, Tendering & Estimation, ECIL expressed, “It has been a teamwork, wherein each and every member has worked tirelessly – with a sense of ownership – to ensure that we grow and start scaling new heights! As we celebrate ECIL’s rise,we are fully aware that this is just the beginning and we have a long way to go.”
About Essar Projects & ECIL:
Essar Projects is part of the infrastructure portfolio of Essar Global Fund Limited (EGFL), with Essar Capital Limited as its investment manager. Headquartered in Dubai, it offers unique collaborative end-to-end project development and delivery models for major projects. Essar Projects has over five decades experience of executing mega scale projects in varied industry segments, like Energy, Minerals & Metals, Offshore and Infrastructure. It’s footprint spreads across India, Middle East, Europe, Americas and the challenging geographies of Africa and Australasia.
Essar Constructions India Limited (ECIL) is the Indian arm of Essar Projects, which focusses on India and the Sub-continent. It also has a multidisciplinary skilled and experienced Engineering & PMC division which provides a comprehensive array of value added technical engineering services, in a structured manner, across diverse sectors. It is fully geared to service global clients by providing end-to-end engineering solutions from feasibility studies and scope documents to design conceptualization, FEED, detailed design, PMC, field engineering, commissioning and start-up assistance and also debottlenecking for efficient plant operations.