Mon Jun 13, 2011 8:43am IST
MUMBAI (Reuters) - Conglomerate Essar Group plans to acquire more coal and iron ore assets in Indonesia, Australia and Africa as it seeks to meet robust demand in India, Bloomberg reported citing Chief Executive Officer Prashant Ruia.
The company is looking at investing overseas to access natural resources, Ruia told Bloomberg TV in an interview at the World Economic Forum on East Asia in Jakarta.
Essar Group could not immediately be reached for comment.
Essar Group, is controlled by billionaire brothers Shashi and Ravi Ruia, who also run London-listed Essar Energy and has interests in steel, ports and logistics and telecommunications.
The company is looking at investing overseas to access natural resources, Ruia told Bloomberg TV in an interview at the World Economic Forum on East Asia in Jakarta.
Essar Group could not immediately be reached for comment.
Essar Group, is controlled by billionaire brothers Shashi and Ravi Ruia, who also run London-listed Essar Energy and has interests in steel, ports and logistics and telecommunications.
(Writing by Neha Singh; Editing by Ranjit Gangadharan, sourced Reuters)
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