Trinity Coal

<div>Wealth: The Ruia brothers preside over the Essar Group, a diversified company with $15 billion in revenues </div><div>that has embarked on an expansion drive in all its businesses, including shipping, steel, oil and gas, power and </div><div>telecom. As part of a global push, Essar Oil has purchased a 50 percent stake in Kenya Petroleum Refineries </div><div>and is negotiating with Royal Dutch Shell to acquire three refineries (one in Britain and two in Germany) with </div><div>a total refining capacity of 25 million tons. In November 2010, Essar clinched a $350 million deal with Dhabi </div><div>Group’s Warid Telecom to acquire a majority stake in its units in Uganda and the Democratic Republic of the </div><div>Congo. In 2010, Essar Group sold its network of telecom towers in India to the American Tower Corp. for </div><div>$450 million. Also in 2010, Essar acquired Trinity Coal, an American coal-mining firm, for $600 million. In </div><div>April 2010, hoping to raise $2.5 billion, Essar Energy announced it was posting an initial public offering on </div><div>the London Stock Exchange, making it “the biggest IPO in London.”84 </div><div> </div><div>Environment: A major investor in oil and coal, the Essar Group and Essar Energy are absent from the Dow </div><div>Jones Sustainability Index</div>