Latest Breaking News On - Arcelormittal rewant ruia - Page 1 : comparemela.com

In one of the largest post-pandemic M&A (mergers and acquisitions) deals in India, Essar on Friday announced signing definitive agreements with Arcelor Mittal Nippon Steel for certain ports and power infrastructure assets which are primarily captive to Hazira steel plant operations.According to the company, the deal also envisages a 50-50 joint venture partnership, for building a 4 MTPA LNG terminal at Hazira, Gujarat, between Essar and ArcelorMittal.Rewant Ruia, Director, Essar Ports and Terminals Limited, said With this deal, which yields a multifold return on our investments, Essar Ports and Terminals has unlocked value for all its stakeholders and will continue to focus on building new and modern core infrastructure assets in India and overseas.

Republic ofUnited statesUnited kingdomArcelormittal rewant ruiaPrashant ruiaArcelor mittal nippon steelEssar portsTerminals limitedAsset under managementEssar capitalEws india