Essar concludes sale of 270 MW power infra assets to AM/NS

Essar Power Limited has concluded the sale of power assets located at Hazira, Gujarat to Arcelor Mittal Nippon Steel India Limited (AM/NS).

With the sale, Essar has completed its asset monetisation programme to effectively become debt free. The Essar Group currently has revenues of USD15 billion and assets under management of USD8 billion within and outside India.

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