Mr Mehra will assume a new role as Director - Essar Group, and will continue to support the Group’s Promoter Directors in business strategy, investments, corporate relations and corporate governance. He will also continue to be an active member of the Group Management Committee, as well as the Group Investment Committee, the Risk Management Committee and the People’s Committee.

Shashi Ruia, Chairman - Essar Group, said, “Our steel business has grown by leaps and bounds under the stewardship of Mr Mehra. His new assignment will enable Essar to continue to draw on his rich experience.” Speaking on the appointment, he added, “Mr Malay Mukherjee comes with valuable international experience in the steel business and is an excellent addition to Essar Group’s dynamic leadership team.”

Mr Mukherjee is an alumnus of the Indian Institute of Technology, Kharagpur, and holds a master’s degree in Mining from the USSR State Commission in Moscow. In a long and glorious career spanning more than 35 years, he has led a variety of technical and commercial functions in the steel industry, including iron ore mining, project implementation, materials management and plant operations.

Until recently, Mr Mukherjee was a member of the Arcelor Mittal Board of Directors. Prior to that, he was also a member of the company’s Group Management Board, with responsibility for Asia, Africa, CIS, Mining, Stainless, Pipes & Tubes as well as Technology. Mr Mukherjee joined the LN Mittal Group in 1993 moving from Steel Authority of India where he was Executive Director (Works) at the Bhilai Steel Plant. He was also associated with the Ispat Group in many important capacities, including President and COO of Ispat International, before joining Mittal Steel in 2004 as the COO. He has been awarded a life membership from the Indian Institute of Metals.

To aid its global growth strategy, the Essar Group has been strengthening its management team over the last two years by inducting industry veterans to lead its various businesses. Mr Mukherjee’s appointment is in line with this strategy.

About Essar Steel
Essar Steel, global producer of steel, is a fully integrated flat carbon steel manufacturer – from iron ore to ready-to-market products. Essar Steel has a global steel production capacity of 14 million tonnes per annum (MTPA). Its products find wide acceptance in highly discerning consumer sectors, such as automotive, white goods, construction, engineering and shipbuilding. Essar Steel produces highly customized products catering to a variety of product segments and is India’s largest exporter of flat products to the highly demanding US and European markets, and to the growing markets of South East Asia and the Middle East. It has the country’s most extensive and the largest Service Centre capability with an annual capacity of 2.5 MTPA, and the largest network of steel retail outlets with over 230 branded Essar Hypermarts. It has invested in downstream capabilities to evolve from being a product based company to becoming a value added service provider.

For Media Queries
Manish kedia, Sr. VP – Corporate Affairs, Essar Group,
Phone: +91 98197 30092, Email: manish.kedia@essar.com

B.Ganesh Pai, GM - Corporate Communications, Essar Group,
Phone: +91 98197 30225, Email: ganesh.pai@essar.com