Essar and ArcelorMittal Nippon Steel sign $2.4 billion pact for infrastructure assets

Essar group signed a $2.4 billion pact to sell port and power infrastructure assets to ArcelorMittal Nippon Steel (AM/NS), including port assets in Gujarat, Andhra Pradesh and Odisha, and two power plants at Hazira. The deal also includes a 50:50 joint venture for a 4 million tonne per year LNG import terminal at Hazira.

“Essar group on Friday announced the signing of a $2.4-billion (Rs 19,000 crore) pact to sell certain ports and power infrastructure assets to ArcelorMittal Nippon Steel (AM/NS).”indianexpress.com

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• indianexpress.comEssar, ArcelorMittal Nippon Steel in $2.4-bn pact for infrastructure assets | Business News - The Indian ExpressENS Economic BureauAug 26, 2022

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