Essar eyes on clean energy, infrastructure, and IT solutions
POWER & RENEWABLE ENERGY

Essar eyes on clean energy, infrastructure, and IT solutions

In order to concentrate on four key verticals, including energy, infrastructure and logistics, technology, and retail, as well as metals and mining, the Essar Group intends to reorganise its priorities.

Prashant Ruia, director of Essar Capital, said in a statement to IANS on the sidelines of the India Energy Week, which took place in Bengaluru from February 6 to 8, that the company has developed a strategy centred on the industries.

A 10 million tonnes per year refinery in the UK, a 1,200 MW power station in India, and 15 trillion cubic feet of unconventional hydrocarbon reserves in Vietnam and India are also part of the company's energy plans.

A 50:50 joint venture between Essar and ArcelorMittal Nippon Steel India for the construction of a 4 million tonnes per year LNG import facility at Hazira is also in the works; Ruia said that this joint venture would be made public after receiving the necessary permits.

He also disclosed that a green ammonia factory would be built in India and exported to its UK refinery.

Ruia added that the company intends to establish one project in each of the US, Saudi Arabia, and Odisha while remaining focused on the mining and metals industries.

Over a three-year period, the Essar Group plans to build an integrated flat steelworks complex in Saudi Arabia. It intends to build a 14 million tonne per year export-oriented pelletizing complex in Odisha, which will include a 250 km slurry pipeline, an iron ore fines beneficiation plant at Keonjhar, and a pellet factory at Paradip port.

In order to concentrate on four key verticals, including energy, infrastructure and logistics, technology, and retail, as well as metals and mining, the Essar Group intends to reorganise its priorities. Prashant Ruia, director of Essar Capital, said in a statement to IANS on the sidelines of the India Energy Week, which took place in Bengaluru from February 6 to 8, that the company has developed a strategy centred on the industries. A 10 million tonnes per year refinery in the UK, a 1,200 MW power station in India, and 15 trillion cubic feet of unconventional hydrocarbon reserves in Vietnam and India are also part of the company's energy plans. A 50:50 joint venture between Essar and ArcelorMittal Nippon Steel India for the construction of a 4 million tonnes per year LNG import facility at Hazira is also in the works; Ruia said that this joint venture would be made public after receiving the necessary permits. He also disclosed that a green ammonia factory would be built in India and exported to its UK refinery. Ruia added that the company intends to establish one project in each of the US, Saudi Arabia, and Odisha while remaining focused on the mining and metals industries. Over a three-year period, the Essar Group plans to build an integrated flat steelworks complex in Saudi Arabia. It intends to build a 14 million tonne per year export-oriented pelletizing complex in Odisha, which will include a 250 km slurry pipeline, an iron ore fines beneficiation plant at Keonjhar, and a pellet factory at Paradip port.

Next Story
Infrastructure Transport

Anand Vihar and Punjabi Bagh Flyovers Ready

Work on two major road infrastructure projects, the Anand Vihar flyover and the Punjabi Bagh flyover, has been completed but are yet to be opened for public use, according to officials. Located in highly congested areas, work on these projects started around two years ago. "The work on the flyover is complete and it is ready for opening," said a PWD official on Wednesday. According to sources, both the flyovers are likely to be inaugurated closer to the assembly elections in Delhi, scheduled for early next year. During the time the work was under way, motorists faced heavy traffic congestion ..

Next Story
Infrastructure Transport

RDSO finalise oscillation trials on Indore Metro

Indore Metro Phase 1 advances with the completion of oscillation and brake performance trials on the Yellow Line through three coaches manufactured by Alstom conducted by Research Design and Standards Organisation (RDSO). The oscillation trials were conducted with an aim to evaluate the stability and performance of the three different coaches during the movement, ensuring that the commencement of operation on Indore metro meets the safety and performance standard. The Emergency Braking Distance (EBD) was also reviewed by the RDSO team to evaluate the efficient stopping of trains during the op..

Next Story
Infrastructure Urban

IIT Guwahati develops sustainable geopolymer

A research team at the Indian Institute of Technology Guwahati, led by Prof. Anil K. Mishra from the Department of Civil Engineering, has developed an innovative solution to two major global challenges: industrial waste management and sustainable construction. Their research focuses on creating a geopolymer using industrial byproducts and waste materials, such as water treatment sludge (WTS), fly ash (FA), and ground granulated blast furnace slag (GGBS). “With the rapid pace of urbanisation and industrialisation, managing industrial waste has become a critical global issue," said IIT Guwaha..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000