BENGALURU: The group Essar group promoted by the Mumbai-based Ruia family is planning to set up steel plants in Saudi Arabia and Odisha as well as a facility to import LNG (liquefied natural gas) at Hazira in Gujarat, Essar Capital director Prashant Ruia said on the sidelines of India Energy Week conference here.
The proposed investments, he explained, will mark Essar’s second coming after deleveraging exercise by repaying Rs 2 lakh crore loans over the last three years.
