Essar group has signed three agreements with the Gujarat government to invest Rs 55,000 crore across port, power and energy transition, and create more than 10,000 jobs. This is as part of the company’s renewed phase of making strategic investments in the state.
The group has signed a memorandum of understanding (MOU) to develop a 1 giga watt green hydrogen project with an estimated Rs 30,000-crore investment. This would be undertaken by EET Future Energy, an Essar Group company, and will initially focus on export of green hydrogen derivatives to Europe.
