<p>Essar Group on Friday announced a Rs 19,000 crore deal to sell its ports business to Arcelor Mittal Nippon Steel Ltd.</p>.<p>In a statement, Essar said it has signed definitive agreements with ArcelorMittal Nippon Steel for certain ports and power infrastructure assets which are primarily captive to Hazira steel plant operations.</p>.<p>"The deal also envisages a 50-50 Joint Venture partnership, for building a 4 MTPA LNG terminal at Hazira, Gujarat, between Essar and ArcelorMittal," it added.</p>
<p>Essar Group on Friday announced a Rs 19,000 crore deal to sell its ports business to Arcelor Mittal Nippon Steel Ltd.</p>.<p>In a statement, Essar said it has signed definitive agreements with ArcelorMittal Nippon Steel for certain ports and power infrastructure assets which are primarily captive to Hazira steel plant operations.</p>.<p>"The deal also envisages a 50-50 Joint Venture partnership, for building a 4 MTPA LNG terminal at Hazira, Gujarat, between Essar and ArcelorMittal," it added.</p>