Essar agrees to sell infrastructure assets for $2.4 billion (Rs. 19,000 crore) to AM/NS.

With this deal, Essar will conclude its planned asset monetisation programme and complete the
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.