26
Oct
14:53
Essar mulls new steelworks: reports
Essar Group is mulling a $5 billion investment into a new 8 million tonnes/year capacity steel plant in Gujarat, according to Indian press reports. The group is said to be in talks with the Gujarat government to secure land for the project, of which it will require about 1,000 hectares.
When approached by Kallanish for confirmation, an Essar spokesman said: “We have no comments to offer.”
Essar lost its 10m t/y Hazira steelworks last year after it was…
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