Co-founder of the Essar Group of companies, Shashikant Ruia, passed away on Tuesday at an age of 81, the family announced in a statement.Currently, the Essar Group is led by his younger brother Ravi and his sons Prashant and Anshuman.
Ravi Ruia, is an Indian billionaires, and the owners of Essar Group, founded in 1969. He was declared one of the richest person along with his brother in 2012, Forbes magazine.
The proposed combination involves the acquisition of power assets namely Essar Power Hazira Ltd and Gandhar Hazira Transmission Ltd, port assets like Hazira Cargo Terminals Ltd, Ibrox Aviation & Trading Private Ltd, Essar Bulk Terminal Ltd, Essar Bulk Terminal Paradip Ltd and Essar Vizag Terminals Ltd, as well as other assets.
Commercial exploration of Shale gas is all set to be a socio-economic game changer in the Durgapur-Asansol industrial region in the days to come.
