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EPTL AND EPL CONCLUDE $2.05BN TRANSACTION

Construction Week

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December 2022

Essar Ports & Terminals (EPTL) and Essar Power (EPL) concluded the $2.05 billion (Rs 16,500 crore) sale of captive ports and power assets located in Hazira and Paradip to ArcelorMittal Nippon Steel India (AM/NS).

EPTL AND EPL CONCLUDE $2.05BN TRANSACTION

The sale consisted of infra assets which include a 270 MW power plant and 25 MPTA port at Hazira, Gujarat and a 12 MPTA port at Paradip, Odisha.

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