Essar has announced signing definitive agreements with Arcelor Mittal Nippon Steel India for certain Ports and Power infrastructure assets which are primarily captive to Hazira steel plant operations. The deal also envisages a 50-50 Joint Venture partnership, for building a 4 million tonne per annum LNG terminal at Hazira in Gujarat, between Essar and ArcelorMittal. By monetizing assets in a planned and strategic manner, that were built with earlier technologies over the last several years, Essar is now poised to reinvest in new assets with the latest, more efficient and ESG-compliant technologies to last the next several decades.Essar has planned significant investments in its core sectors of Energy, Infrastructure, Metals & Mining and Technology & Services. While ongoing businesses will provide operational stability, our renewed focus will be to Transition existing assets to Green and invest in sector-transforming clean businesses around the investment themes of Decarbonisation and Digitization.With this deal, Essar will conclude its planned asset monetization programme and complete the debt repayment plan of USD 25 billion (INR 200,000 crore) with the Indian banking sector being almost fully repaid. Essar’s aggregate revenues will stand at USD 15 billion (INR 120,000 crores) and an Asset Under Management of USD 8 billion (INR 64,000 crore) comprising of various assets spread across India and overseas.These assets under Energy sector include a 10 million tonne per annum refinery in the United Kingdom, 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 cubic meters capacity and a 20 million tonne per annum 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.The closing of the M&A deal is subject to completion of certain corporate and regulatory approvals applicable for respective assets.