ToI has reported that Ruia family’s Essar group is planning to set up steel plants in Saudi Arabia and Odisha as well as a facility to import LNG at Hazira in Gujarat. Essar Capital Director Mr Prashant Ruia said “The proposed investments will mark Essar’s second coming after deleveraging exercise by repaying INR 2 lakh crore loans over the last three years.The group has set up a unit to retail LNG and is also examining setting up in India a green ammonia plant.” Essar will also invest through its UK subsidiary Essar Oil UK in a blue hydrogen plant at the Stanlow refinery and a green ammonia unit in India.
ToI has reported that Ruia family’s Essar group is planning to set up steel plants in Saudi Arabia and Odisha as well as a facility to import LNG at Hazira in Gujarat. Essar Capital Director Mr Prashant Ruia said “The proposed investments will mark Essar’s second coming after deleveraging exercise by repaying INR 2 lakh crore loans over the last three years.The group has set up a unit to retail LNG and is also examining setting up in India a green ammonia plant.” Essar will also invest through its UK subsidiary Essar Oil UK in a blue hydrogen plant at the Stanlow refinery and a green ammonia unit in India.
