Essar plans to inject an investment of Rs 55,000 crore in the energy and infrastructure sectors in Gujarat.


Essar Group has inked three Memorandums of Understanding (MoUs) with the Gujarat government, committing a total investment of Rs 55,000 crore in the state’s energy transition, power, and port sectors.

The agreements include a one-gigawatt green hydrogen project with an investment of approximately Rs 30,000 crore.

Essar Power plans an additional Rs 16,000 crore investment for phase-II expansion at the Salaya Power Plant, while Essar Ports will convert the Salaya port into a logistics hub, investing Rs 10,000 crore.

Prashant Ruia, Director at Essar Capital, expressed delight in contributing to Gujarat’s economic progress with this substantial investment.


Related Posts