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Mumbai: The Essar group will invest Rs10,500 crore in a special economic zone (SEZ) at Hazira even as it proposes to augment the steel manufacturing capacity to nine million tonnes, besides expanding capacity at its Vadinar refinery. "Our investments in the SEZ at Hazira will be over Rs10,500 crore," Essar group chairman Shashi Ruia said. He said while automobile major Nissan and component manufacturer Manineto have approached the group for setting up facilities in the Hazira SEZ, international petrochemical giants have evinced interest in setting up base in its Jamnagar SEZ. He said the group would diversify and expand the Vadinar petroleum refinery to build a similar SEZ there as well. "We will also create infrastructure for petrochemical and chemical complexes and downstream and ancillary industries," he said. Ruia said capacity at the 10.5 million tonne Vadinar refinery commissioned last year would be raised to 14 million tonnes soon and further scaled up to 32-million tonnes in a few years. The group, he said, also proposes to develop the handling capacity at the Hazira port. "We will expand the cargo handling capacity at our port to 35 million tonnes to cater to the increased requirements of industry, which will come up in our SEZ," he said.
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