Essar appoints Pankaj Kalra as CFO of energy arm

Essar Global Fund Ltd (EGFL) Tuesday announced the appointment of Pankaj Kalra as Chief Financial Officer & Head-Strategy, Essar Exploration & Production Ltd Mauritius (EEPLM), the downstream energy arm of the Essar Group.
“Kalra will be responsible for overseeing the financial management of EEPLM and its subsidiaries,” said a statement.

“Part of his remit would also be to lead EEPLM's M&A strategy, areas of financial strategy, performance management, large and complex financing, M&A (including divestments), risk management, reporting and controlling, investor relations and taxation. Additionally, he will lead the Board of Directors of EEPLM and its subsidiaries,” it added.

Kalra has 22 years of work experience.Prior to joining Essar, he was the CFO of Cairn Oil & Gas, and has been associated with Reliance, Aircel, Idea, American Tower and EY.

EEPLM is an early-stage developer, focussed primarily on oil & gas exploration. Its global portfolio includes conventional acreages that have a resource base of 3.4 billion barrels of oil equivalent (bboe) and recoverable of 1.7 bboe, as well as hydrocarbon acreages with a resource base of 15 trillion cubic feet of gas and recoverable of 5 trillion cubic feet.

Until date, EGFL has invested US $1.1 billion in EEPLM.