Essar agrees to sell infrastructure assets for $2.4 billion (Rs. 19,000 crore) to AM/NS.
Posted September 20, 2022 by shreya13109
The deal also envisages a 50-50 Joint Venture partnership, for building a 4 MTPA LNG terminal at Hazira, Gujarat, between Essar and ArcelorMittal.
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debt repayment plan of $25 billion (₹2,00,000 crore) with the Indian banking sector being almost
fully repaid. Essar’s aggregate revenues will stand at c.US$ 15 billion (~₹1.2 lakh core) and an
AUM (Asset Under Management) of c.US$ 8 billion (₹64,000 crore) comprising of various assets
spread across India and overseas.
These assets under Energy sector include a 10 MTPA refinery in the United Kingdom (UK), 15
TCF reserves (including some producing fields) of Unconventional Hydrocarbons in India &
Vietnam and a 1,200 MW Power Plant in India; Infra sector assets include a storage terminal in
UK of 3 million m3 capacity and a 20 MTPA Port in India; Metals & Mining sector assets include a
major iron ore mine and pellet project in USA; Technology & Services sector assets include Global
EPC business and IT solutions provider with centers across 30+ countries.
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| Issued By | Essar |
| Country | India |
| Categories | Advertising |
| Tags | essar , essar port , essar group , investment by essar |
| Last Updated | September 20, 2022 |