Essar Group Laying Plans for US$4 Billion Mill in Saudi Arabia
10/30/2023 - India’s Essar Group plans to invest US$4 billion in a low-CO2 steel plant in Saudi Arabia, reports the Bloomberg news service.
According to Bloomberg, Essar’s controlling brothers, Shashi and Ravi Ruia, are looking to receive final approvals in June.
“Once we get all the approvals, we have set a three-year timeline to build the project,” Prashant Ruia, director of Essar Capital, said during an interview at an investment conference, Bloomberg reported.
“We are building up this plant to meet the boom taking place in domestic demand for steel,” he added.
You can read more here.
“Once we get all the approvals, we have set a three-year timeline to build the project,” Prashant Ruia, director of Essar Capital, said during an interview at an investment conference, Bloomberg reported.
“We are building up this plant to meet the boom taking place in domestic demand for steel,” he added.
You can read more here.
