India’s Essar Eyes Water Projects, Desalination Plants
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Essar Group, owned by the billionaire brothers Shashi and Ravi Ruia, plans to increase its India water revenue more than fourfold by 2017 to meet the rising demand for water-treatment and supply projects.
Essar intends to bid for desalination plants, water distribution and sewage facility works in Asia’s third-largest economy, where the government has set aside 1.1 trillion rupees ($18 billion) for water projects, said Neeraj Sanghi, chief executive officer of Essar Concessions India Ltd.