Essar Group to pump Rs 35,000cr into Gujarat

After exiting two of its most prized assets in Gujarat — the refinery and steel facilities, the Ruias-controlled Essar group is once again exploring the state for several big-ticket projects. These include setting up a commercial port, new and emerging technologies, EV vehicles and lithium-ion manufacturing facility, renewable energy, petrochemicals and even a steel project. The company has drawn out plans to invest about $5 billion (roughly Rs 35,000 crore) for a steel manufacturing project in Gujarat, said sources close to the development.

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