Essar co-founder Ruia dies at 80

Under his leadership, the Essar group forayed into multiple sectors across India

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Shashikant Ruia, a first-generation entrepreneur who turned a small construction business into an infrastructure conglomerate, died after a prolonged illness. He was 80.

Shashi Ruia, as he was fondly called, co-founded the metals-to-technology conglomerate Essar with his brother Ravi.