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Ruia Brothers Bet $18 Billion on US Expansion as Essar Marks 55 Years

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Shashi and Ravi Ruia are the founders of Essar Group, one of India's major conglomerates. The brothers established the company in 1969, beginning with an infrastructure project. Over more than five decades, Essar has grown into a diversified business empire with a total asset base of nearly Rs 80,000 crore. The group is now making a significant push into the United States market, with investments valued at approximately $18 billion.

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Ruia Brothers Bet $18 Billion on US Expansion as Essar Marks 55 Years · ShortSingh