The Essar Group is planning to set up a 10-million tonne (mn t) port in Mozambique, at a cost of $275 million (Rs 1,496 crore). This port will facilitate exports from Zimbabwe Iron and Steel Company (ZISCO), a Zimbabwe-based company it acquired in 2010. Essar spent $750 million for a 56 per cent stake in the company. The group had plans to bring back iron ore from the Zimbabwe company to India. A port in Essar’s African portfolio would add to its many businesses in the continent.
FlashNews:
Suzlon Starts FY2027 Strong with Record Q1 Deliveries, 23% Revenue Growth
India to Develop 44 Airports Under Hub‑and‑Spoke Plan, Civil Aviation Secretary Says
India’s Satellite Communications Push Gains Momentum Through Public‑Private Partnerships: Viasat
India Moves to Give Consumers Choice of Power Supplier Under New Licensing Plan
REC Declares First Interim Dividend as Q1 Profit Jumps 23%
India Nears Two Clean Energy Milestones as BRESE 2026 Set to Welcome Global Leaders to New Delhi
Location Intelligence: The Invisible Layer Powering India’s Digital Public Infrastructure
AI Data Centre Leaders Map India’s Infrastructure Roadmap
Welspun One Signs 15,232 Sq. Ft. with Aditya Birla’s Novel Jewels at WTC Thane
NHAI Launches Framework to Share Highway Data with IITs, NITs and CSIR‑CRRI
UDAN 2.0: Indian Aviation’s Next Act
The Apprenticeship Anchor
Managing India’s Data Centre Surge
Real-Time Public Works
Global Trade at Crossroads
From Cloud to Energy: India’s Geopolitical Stress Test
The Economics of Road Safety
When Climate Hits the Grid
AI Factories: Turning Data to Scale
Home » Essar port in Mozambique
Essar port in Mozambique
Ports & Shipping
March 1, 2013March 1, 2013
Leave a Reply
You must be logged in to post a comment.