Essar today announced the execution of definitive agreements with Arcelor Mittal Nippon Steel (AM/NS) for key Ports and Power infrastructure assets that are predominantly captive to Hazira steel plant operations in one of India's largest post-pandemic M&A transactions. Essar and ArcelorMittal will also form a 50-50 joint venture to build a 4 MTPA LNG facility in Hazira, Gujarat. Mr. Rewant Ruia, Director of Essar Ports & Terminals Limited, stated, "With this deal, which yields a multifold return on our investments, Essar Ports & Terminals has unlocked value for all its stakeholders and will continue to focus on building new and modern core infrastructure assets in India and overseas."