Essar creates new unit to drive $3.6b low-carbon projects in UK, India

Essar creates new unit to drive $3.6b low-carbon projects in UK, India

An oil refinery of Essar Oil, which runs India's second biggest private sector refinery, is pictured in Vadinar in the western state of Gujarat, India, October 4, 2016. REUTERS/Amit Dave/File Photo

India’s Essar Group said on Monday it has created a new entity that will control its various businesses and drive $3.6 billion worth of low carbon projects in UK and India over the next five years.