Adani Enterp. 2643.65↑317.55(13.65%)
Adani Ports 754.00↑24.30(3.33%)
Apollo Hospitals 4580.15↓-25.15(-0.55%)
Asian Paints 3111.80↑26.90(0.87%)
Axis Bank 917.50↓-0.05(-0.01%)
B P C L 368.65↑7.05(1.95%)
Bajaj Auto 4535.15↑11.90(0.26%)
Bajaj Finance 6835.40↑42.35(0.62%)
Bajaj Finserv 1430.60↑17.60(1.25%)
Bharti Airtel 800.75↓-1.10(-0.14%)
Britannia Inds. 4546.85↑47.90(1.06%)
Cipla 927.45↑2.50(0.27%)
Coal India 238.50↓-0.20(-0.08%)
Divi's Lab. 3382.00↑117.00(3.58%)
Dr Reddy's Labs 4475.55↑17.90(0.40%)
Eicher Motors 3546.90↑1.45(0.04%)
Grasim Inds 1696.75↓-21.60(-1.26%)
H D F C 2702.90↓-1.85(-0.07%)
HCL Technologies 1129.05↑9.20(0.82%)
HDFC Bank 1641.50↑0.45(0.03%)
HDFC Life Insur. 564.80↓-2.20(-0.39%)
Hero Motocorp 2682.70↓-9.45(-0.35%)
Hind. Unilever 2643.50↑5.40(0.20%)
Hindalco Inds. 411.00↑3.30(0.81%)
ICICI Bank 954.80↑4.45(0.47%)
IndusInd Bank 1260.00↑13.85(1.11%)
Infosys 1308.80↑16.00(1.24%)
ITC 427.65↑2.90(0.68%)
JSW Steel 705.05↑0.45(0.06%)
Kotak Mah. Bank 1926.00↓-14.20(-0.73%)
Larsen & Toubro 2203.75↓-12.85(-0.58%)
M & M 1258.60↓-6.95(-0.55%)
Maruti Suzuki 9191.20↑34.55(0.38%)
Nestle India 21502.90↑8.10(0.04%)
NTPC 174.65↑0.55(0.32%)
O N G C 165.95↑0.35(0.21%)
Power Grid Corpn 235.20↑0.85(0.36%)
Reliance Industr 2464.50↑9.50(0.39%)
SBI Life Insuran 1158.15↑7.35(0.64%)
St Bk of India 579.40↑2.25(0.39%)
Sun Pharma.Inds. 938.05↑0.60(0.06%)
Tata Consumer 764.65↓-1.45(-0.19%)
Tata Motors 529.15↑6.65(1.27%)
Tata Steel 105.40↑0.40(0.38%)
TCS 3321.95↑23.25(0.70%)
Tech Mahindra 1115.10↑10.65(0.96%)
Titan Company 2700.60↓-11.95(-0.44%)
UltraTech Cem. 7716.80↑1.15(0.01%)
UPL 676.70↑6.30(0.94%)
Wipro 400.50↑4.75(1.20%)

Setting up green ammonia plant in India: Essar group's Prashant Ruia

"The project will be funded through both debt and equity and we will approach banks in India and abroad for debt"

Dev Chatterjee

Premium

Prashant Ruia, director of Essar group

2 min read Last Updated : Feb 27 2023 | 9:03 PM IST

After exiting the Indian steel and oil refinery space, the Essar group is back in the news for its $3.6-billion investment in the United Kingdom and India in the green energy space. In an interview, Prashant Ruia, scion of the Essar group, tells Dev Chatterjee that the group will be a major player in the green energy space with India and United Kingdom acting as manufacturing hubs. Edited excerpts:

Q. A large part of Essar group’s $3.6 billion investment is in the UK. Do you plan to invest more in India?

We are setting up a green ammonia plant in India with an initial investment of $1.2 billion. We are in the process of selecting the site for the project and we will make an announcement about the site very soon. The products will be shipped from India to the UK and Europe and other geographies. As the project develops, we will look at increasing investments.