Essar Group, Desert Technologies to develop $4.5 bn Green Steel Plant

12 Sep 2023 CW Team

India's Essar Group is moving forward with its ambitious plan to construct a $4.5 billion integrated Green Steel facility in Saudi Arabia. In a press release, Essar announced a substantial and enduring collaboration with Desert Technologies (DT), a solar photovoltaic (PV) company based in Saudi Arabia. Together, they will pioneer innovative solutions for renewable energy generation and storage, exclusively for Essar's Flat Steel Complex in Saudi Arabia. Notably, this complex represents the first-ever green steel initiative within the Gulf Cooperation Council (GCC) region.

The establishment of renewable energy solutions for Essar's Green Steel Arabia (GSA) project in Saudi Arabia is poised to propel the nation to the forefront of green steel production and sustainable energy generation, as articulated in the company's official statement.

The project is slated to commence production operations by 2027. Upon completion, it will cater to critical steel-consuming sectors, including construction, oil and gas, automotive, packaging, and general engineering.

Naushad Ansari, the Country Head for Essar Group in Saudi Arabia, emphasised that this partnership with Desert Technologies has been established to gain access to eco-friendly and carbon-neutral energy storage solutions. Khaled Sharbatly, the Chief Executive Officer of DT Investments, underscored the significance of cost competitiveness and environmentally friendly solutions, envisioning a significant boost for the burgeoning low-CO2 emission steel industry.

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..