After months of bickering and verbal volleys, the $ 2.1-billion (Rs 11,550 crore) Bolivian project of Jindal Steel and Power Ltd (JSPL), the most ambitious overseas steel project of an Indian company, is now officially stalled, thanks to differences between the Bolivian government led by Leftist President Evo Morales and the Naveen Jindal-promoted steel maker. Confirming the development, Sushil Maroo,
Essar plans to spend up to $4 billion constructing a plant to process iron ore from Zimbabwe's Mwanesi resource within the next five years, Industry and Commerce Minister Welshman Ncube said on
Essar plans to spend up to $4 billion constructing a plant to process iron ore from Zimbabwe's Mwanesi resource within the next five years, Industry and Commerce Minister Welshman Ncube said on
Six months after buying a majority 60 per cent stake in Zimbabwean steel company Zisco, Essar Steel is now keen to build on Zisco’s foundation and ramp up the existing infrastructure.
After successfully concluding the Zisco deal with the Zimbabwean government, Essar Africa Holdings has started working on a blueprint for restarting Ziscos steel plant and developing its vast iron
The Essar Group, through Essar Africa Holdings Ltd (EAHL), has bought 54 per cent stake in Zimbabwe’s state-owned steelmaker, Zisco. The total deal value is $750 million, which
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