India’s Essar group has entered into an agreement with Arcelor Mittal Nippon Steel (AM/NS) for the latter to acquire various ports and power infrastructure assets, including those captive to the Hazira steel plant’s operations, in a deal worth around US$ 2.5 billion.
Included in the transaction are a 25 million tonnes a year capacity jetty at the deep draft bulk port terminal at Hazira, adjacent to AM/NS India’s flagship steel plant; a 16 million tonnes a year deep draft terminal at...
https://www.themaritimestandard.com/essar-sells-port-assets/