Saturday, February 22, 2020

Essar signals resuming investment-led growth plan

The Essar Group has indicated that it is "poised to embark on a new phase of growth while driving growth in its existing portfolio." Essar did not specify what the new growth areas could be, but said it is "armed with a substantially lighter balance sheet" after it took "a conscious call of reducing its debt in response to evolving domestic and evolving economic scenario."

from Energy-Industry-Economic Times https://ift.tt/2Ve7jbF

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