OREANDA-NEWS. Essar Steel India Ltd today announced the appointment of Mr.Firdose A. Vandrevala as Executive Vice Chairman effective August 12, 2013.

 Mr. Vandrevala joins Essar Steel from HIRCO, a construction and real estate major, where he was the Chairman & Managing Director.

 He holds a B. Tech Honors degree from the Indian Institute of Technology, Kharagpur and is a Post Graduate Diploma in Business Management from the XLRI, Jamshedpur.

 A recognized leader, Mr. Vandrevala was associated with the Tata Group for over three decades, where he held various leadership positions, the last being Managing Director of Tata Power and Chairman of Tata Teleservices. He was the Deputy Managing Director of Tata Steel before moving to Tata Power. He played a significant role in the growth of Tata Steel. From Tata Group, he joined Motorola India as the Chairman.

 Chairman of Essar, Mr. Shashi Ruia said: “We are delighted to have Firdose join us. Essar Steel is committed to be a leader in the economic development of this nation. We look forward to Firdose’s contribution in making India self – sufficient in the steel sector and contribute further to the country’s progress.”

 Commenting on his joining 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 tonnes 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."

 Essar Steel has invested Rs.37,500 crore in creating world-class steel business with a capacity of 10 MT and has a presence along the complete value chain of the steel industry.

 The facilities of Essar SteeI in Hazira include a 10 million tonnes Fully Integrated Steel Plant, a 1.75 million tonnes downstream unit, India’s widest Plate Mill with an annual capacity of 1.5 million tonnes and a Pipe Mill of 0.6 million tonnes, a downstream facility at Pune comprising Pickling, Cold rolling, Galvanising and Color Coating facilities, Steel Processing facilities at seven locations with a capacity of 4 million tonnes and Pellet making facilities backed by Iron Ore Beneficiation facilities at Vizag and Paradeep with an aggregate capacity of 20 million tonnes.

 Having created such large facilities, Essar Steel is now consolidating its operations to create value for all its stakeholders. While the facilities are operated by professionals with relevant experience, the strong Board and Management can add value by providing strategic direction and operational excellence to the company.