Essar Group Bets on Clean Energy Offerings for Future Growth
- Group focuses on critical minerals and new energy technologies
- Aims to decarbonize businesses ranging from metals to energy
This article is for subscribers only.
Essar Group, which turned debt-free last year after selling some infrastructure assets, is focusing on green projects to benefit from a global shift to cleaner energy sources from fossil fuels.
The conglomerate, controlled by billionaire brothers Shashi and Ravi Ruia, is considering an entry into mining of critical minerals, building a green steel plant in Saudi Arabia, decarbonizing its oil refinery in the UK, and investment in clean fuel projects in India.