In one of the largest post-pandemic M&A deals in India,
Essar today announced signing definitive agreements with Arcelor Mittal Nippon Steel (AM/NS)
for certain Ports and Power infrastructure assets which are primarily captive to Hazira steel plant
operations.
The deal also envisages a 50-50 Joint Venture partnership, for building a 4 MTPA LNG terminal
at Hazira, Gujarat, between Essar and ArcelorMittal.