Essar Power Ltd. was swinging much news in the month of July in 2006 for its proposed power plant in Madhya Pradesh. It has invested Rs. 40 billion to setup a 1,000 MW power plant, while Hindalco has invested Rs. 24 billion for a 750 MW power plant in the same region. A joint venture (50:50) of Hindalco and Essar is to start work in December this year on a new coal mine development project.
In addition, the Group has a shipping fleet of 27 vessels, which includes bulk carriers, tankers and VLCC (very large crude carriers).
So, the next time you think about an ‘infrastructure conglomerate’, it should not be too difficult to visualise this one not just being there, but rocking at the forefront.
For complete IIPM article click here
Source:- IIPM Editorial
Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative
In addition, the Group has a shipping fleet of 27 vessels, which includes bulk carriers, tankers and VLCC (very large crude carriers).
So, the next time you think about an ‘infrastructure conglomerate’, it should not be too difficult to visualise this one not just being there, but rocking at the forefront.
For complete IIPM article click here
Source:- IIPM Editorial
Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative
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