Essar Group is planning to set up a steel manufacturing unit in Gujarat with an annual capacity of 8 mn t pa, as per media reports. The company has submitted a proposal to the state government to invest about $5 billion (roughly INR 35,000 crore) for this plant. In addition, it is planning to invest in some big-ticket projects including a commercial port, new and emerging technologies, EV vehicles, lithium-ion manufacturing facility, renewable energy and petrochemicals.
Leave a Reply