Essar Global Fund Limited (“EGFL”) invests globally in a number of world-class assets diversified across the core sectors of Energy (comprising Exploration & Production, Refining & Marketing and Power businesses), Infrastructure (comprising Ports and EPC businesses), Metals & Mining, Services (comprising Shipping and Oilfield services), and Technology (comprising Technology Solutions, Device protection and Customer experience ). EGFL invests long-term capital into the portfolio companies and holds near 100% stake in all its investments. The portfolio companies have aggregate revenues of about USD 14 billion and employ over 7,000 people.
Essar Oil UK is publishing this tax strategy document in compliance with Schedule 19 of the Finance Act 2016. This document, sets out the company’s approach to managing its tax affairs and dealing with tax risks for its financial period ending 30 September 2020. This document will be reviewed annually, updated as appropriate and approved by the Board.