{"id":517269,"date":"2022-08-27T10:12:11","date_gmt":"2022-08-27T04:42:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=517269"},"modified":"2022-08-27T11:16:13","modified_gmt":"2022-08-27T05:46:13","slug":"essar-arcelormittal-nippon-steel-in-2-4-bn-pact-for-infrastructure-assets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/essar-arcelormittal-nippon-steel-in-2-4-bn-pact-for-infrastructure-assets\/","title":{"rendered":"Essar, ArcelorMittal Nippon Steel in $2.4-bn pact for infrastructure assets"},"content":{"rendered":"<p>Essar group on Friday announced the signing of a $2.4-billion (Rs 19,000 crore) pact to sell certain ports and power infrastructure assets to ArcelorMittal Nippon Steel (AM\/NS). These assets are captive to the operations of the Hazira steel plant in Gujarat. The steel unit, which belonged to Essar, was taken over in 2019 by AM\/NS via the IBC (Insolvency and Bankruptcy Code) route.<\/p>\n<p>The Ruias-led firm said the deal also envisages a 50:50 joint venture between Essar and AM\/NS for building a 4 million tonne a year LNG import terminal at Hazira.<\/p>\n<p>Separately, AM\/NS India said in a statement that the deal covers port assets in Gujarat, Andhra Pradesh and Odisha, as well as two power plants at Hazira and an electricity transmission line.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Essar group on Friday announced the signing of a $2.4-billion (Rs 19,000 crore) pact to sell certain ports and power infrastructure assets to ArcelorMittal Nippon Steel (AM\/NS). These assets are captive to the operations of the Hazira steel plant in Gujarat. The steel unit, which belonged to Essar, was taken over in 2019 by AM\/NS via the IBC (Insolvency and Bankruptcy Code) route. The Ruias-led firm said the deal also envisages a 50:50 joint venture between Essar and AM\/NS for building a 4 million tonne a year LNG import terminal at Hazira. Separately, AM\/NS India said in a statement that [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-517269","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/517269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=517269"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/517269\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=517269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=517269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=517269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}