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Sector:- Petroleum Company :-ESSAR OIL LTD.

The Six Box Model


Submitted to:Prof Roopa Rao Submitted by:Shreelekha Kabra PGP2 Rollno.50

1.Purpose (What Business we are in?)


Business :- Oil and Gas Vision We will be a respected global entrepreneur, through the power of positive action. Our missino We are committed to innovative growth, through our personal passion, reinforced by a professional mindset, creating value for all those we touch. Our spirit The Essar Group has changed significantly in recent years and continues to evolve, to keep pace with the changing times. Moving beyond Indian frontiers, the Essar Group continues to grow internationally through focused strategies

2.Structure of ESSAR Oil Limited (Jamnagar)


Chairmain (SHRI SHASHI RUIA) Vice Chairman (RAVI RUIA ) Directors (SHRI PRASHANT RUIA ) Resident Directors (SHRI ANSHUMAN RUIA ) TECHNICAL SERVICES & PROCESS (K BALASUBRAMANIAN-SENIOR VICE PRESIDENT) TECHNICAL SERVICES (MR S DAS-SENIOR VICE PRESIDENT) COMMISSIONING IN CHARGE (EION TURNBULL) OPERATION (MR N VENKATRAMANI) HSE & FIRE FIGHTINING (MR PRAKASH PAI-VICE PRESIDENT) ACCOUNTS (MR P R ASHOK-VICE PRESIDENT) COMMERCIAL (MR S L RAVI-VICE PRESIDENT) PUBLIC RELATION & CDC (MR PRASHANT PANDYA-VICE PRESIDENT)

3.Leadership
Essar oil has empowered with a committed management team, who bring in their expertise, experience and superior domain knowledge equipping to achieve more in company.

4. Rewards
Essar Group Assistant Manager in Hazira (India): Good place to work if you're a cool fellow Pros it's a company with a 'live and let live' policy. they support you if you want to do other value added activities and they encourage a healthy work-life balance. There is always someone to take care of your work if you're absent and they don't crib about anything much. Cons It's a big company and sometimes your hard work will go unrewarded in terms of promotions and bonuses. Deadlines are something that is not given the most importance. Source:-http://www.glassdoor.com/Reviews/Essar-Group-ReviewsE39571.htm

5. Helpful Mechanism Problem in Technology


The Essar Oil Ltd grass roots refinery in Gujarat, India (started in 1996) was completed and commissioned in 2006 (commissioned in third quarter). The refinery project was delayed several times due to environmental concerns and financial problems, including initial cost overruns and a shortfall in equity contributions. According to company reports, the refinery was 60% complete in 1998 but had the misfortune to be struck by a cyclone that caused considerable damage. The refinery currently has the capacity to produce 370,000 barrels a day (13.5 million tonnes per year) and plans are underway to increase the capacity to 680,000 barrels a day (34mtpa) by the end of fiscal 2010. The refinery is now the second largest in India after the Reliance Jamnagar refinery on an adjacent site which can produce over 27mtpa.

Again There was a problem in Refinery in 2007


Refinery start-up Essar shut down the plant for three weeks in July 2007 to upgrade the capacity to 210,000bpd as well as to add secondary units. After the start of the commercial production of 10.5mtpa in May 2008, in August 2008 Essar Oil reported a gross sale of Rs100bn for the first two months of its commercial operations. The profit for the quarter ending 30 June 2008 was Rs 4.34bn. Essar posted a gross turnover of INR418bn between May 2008 and March 2009. Since then it has increased by 19.7% in the first quarter of 2010. Source:-http://www.hydrocarbons-technology.com/projects/essar/

6. Relationship
Recently Essar Oil(EOL) has announced that it has renewed a major product sale and purchase agreement with Indian Oil Corporation Limited (IOC), Indias largest oil retailer. The renewed three year agreement, running from 2012 to 2015 requires Essar to supply diesel, petrol, kerosene and ATF (aviation turbine fuel) to IOC from its Vadinar Refinery, totalling 2 million tonnes every year. It also entitles EOL to purchase products from IOC and gives the two companies the option of sharing each others distribution infrastructure. EOL has similar product sale and purchase agreements with two other leading oil marketing companies from the public sector, namely Bharat Petroleum Corporation and Hindustan Petroleum Corporation. The contract with IOC will be Essar Oils largest fuel supply contract. Source:- http://www.moneycontrol.com/news/business/essar-oil-renewsagreementioc_624399.html