ET citing Mr Prashant Ruia Chief Executive Officer of Essar as saying that Essar Group is seeking to expand by acquiring more coal and iron ore assets in Indonesia, Australia and Africa to meet domestic Indian needs for resources.

He said that "We're looking at investing overseas including in Indonesia, Australia and Africa to access natural resources. Coal and iron ore are two major possibilities and going forward, oil and gas."
Mr Ruia said "We believe that Indonesian coal is a natural fit for India for power generation in the country because India is short in power requirements and the import of coal is only going to increase over time."

Indian companies , including Essar, TATA Power and Reliance Power are expanding overseas to meet energy needs to support growth in Asia's second-fastest growing major economy.

(Sourced from Economic Times)