KOLKATA: Essar Steel has appointed Firdose Vandrevala, a former Tata groupveteran, as its new executive vice chairman.
Vandrevala, who has been Motorola India chairman and MD of Tata PowerBSE -2.06 %earlier, was till recently chairman and MD of HIRCO a real estate & construction major and is one of the most high-profile appointees to join Essar group more than two years after L N Mittal's former lieutenant Malay Mukherjee quit the ranks at Essar Steel in 2011. Vandrevala's appointment will be effective from August 12, 2013.
Vandrevala played a significant role in Tata SteelBSE 8.22 % and was associated with the Tata Group for over three decades, where he held various leadership positions, including chairman of Tata Teleservices. Earlier, he was deputy managing director of Tata Steel before moving to Tata Power. From Tata Group, he joined Motorola India as chairman.
Commenting on his new role at Essar Steel, Vandrevala said: "As the expanded capacity of 10 million tonne (mt) comes online, I am looking forward to Essar Steel playing a leading role in this sector and contributing to India's economic development and growth."
Speaking on Vandrevala's appointment, Shashi Ruia, chairman of Essar group said: "We look forward to Firdose's contribution in making India self-sufficient in the steel sector and contribute further to the country's progress."
Essar Steel has invested 37,500 crore in the steel business with a capacity of 10 mt. In 2013-14, the company is planning to ramp up capacity from 4.5 mt to 6 mt.
Besides a 10 mt integrated steelmaking unit, Essar Steel facilities in Hazira include a 1.75 mt downstream unit, one of the country's widest plate mills with an annual capacity of 1.5 mt and a pipe mill of 0.6 mt. Apart from 4 mt of processing facilities, Essar also has pellet-making facilities backed by iron ore beneficiation facilities at Vizag and Paradeep with an aggregate capacity of 20 million tonne. Steel has appointed a new executive vice chairman in Firdose Vandrevala, a former Tata Steel veteran. Mr Vandrevala who has been Motorola India chairman and MD of Tata Power earlier, was till recently chairman and MD of HIRCO a real estate & construction major, is one of the most high profile appointees to join Essar group more than two years after L N Mittal's former lieutenant Malay Mukherjee quit the ranks at Essar Steel in 2011. Mr Vandrevala's appointment will be effective from August 12, 2013.
Mr Vandrevala played a significant role in the growth of Tata Steel adn was associated with the Tata Group for over three decades, where he held various leadership positions, including chairman of Tata Teleservices. Earlier, he was deputy managing director of Tata Steel before moving to Tata Power. From Tata Group, he joined Motorola India as chairman.
Commenting on his new role at Essar Steel, Mr Vandrevala said: "Essar Steel has set up some of the finest facilities and its scale and size is something any professional will want to associate with. As the expanded capacity of 10 million tonne (mt) comes online, I am looking forward to Essar Steel playing a leading role in this sector and contributing to India's economic development and growth."
Speaking on Mr Vandrevala's appointment, Shashi Ruia, chairman of Essar group said: "We are delighted to have Firdose join us. We look forward to Firdose's contribution in making India self - sufficient in the steel sector and contribute further to the country's progress."
Essar Steel has invested Rs 37,500 crore in creating world class steel business with a capacity of 10 mt. This year 2013-14, the company is planning to ramp up capacity from 4.5 mt to 6 mt. Besides a 10 mt integrated steelmaking unit, Essar Steel facilities in Hazira include a 1.75 mt downstream unit, one of the country's widest plate mills with an annual capacity of 1.5 mt and a pipe mill of 0.6 mt. Apart from 4 mt of processing facilities, Essar also has pellet making facilities backed by iron ore beneficiation facilities at Vizag and Paradeep with an aggregate capacity of 20 million tonne.
