Essar to invest USD 4 bn in steel plant in Saudi Arabia

The Essar Group is looking to invest USD 4 billion in setting up an integrated flat steelworks plant in Saudi Arabia in the next three years, a senior company official said. The plant, which will cost Saudi Riyal 15 billion (USD 4 billion), is scheduled to break ground by this year-end and be completed by the end of 2025, said Amar Kapadia, general manager for corporate planning at Essar.

The new 4-million tonnes per annum integrated flat steelworks plant will have continuous casting  ..
 

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