Essar group on Friday said it will invest Rs 10,500 crore (Rs 105 billion) in a special economic zone at Hazira and augment the steel manufacturing capacity to nine million tonnes, besides expanding the Vadinar refinery.
"Our investments in the SEZ at Hazira will be over Rs 10,500 crore," Essar group chairman Shashi Ruia said in Ahmedabad.
He said the group has been approached by major automobile groups like Nissan and component manufacturers like Manineto to set up facilities in its Hazira SEZ. Ruia also said international petrochemical giants had evinced interest for setting up base in its SEZ at Jamnagar. He said the group would build