ArcelorMittal Nippon Steel India has agreed to purchase Essar Group's port, power, and other logistics and infrastructure assets for approximately $2.4 billion. AM/NS India is the sole financier of the transaction. The acquisition includes a 25 mt captive jetty at Hazira Port in Gujarat, a 16 mt deep draft terminal at Visakhapatnam Port with an integrated conveyor connected to an 8 mt iron ore pellet plant in the port city, and a 12 mt deep-water jetty at Paradip Port in Odisha with a dedicated conveyor that handles all its pellet shipments
Contact: ArcelorMittal Nippon Steel India
Website: www.amns.in
