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Finance / United Kingdom

India's Rising Energy Demand Fuels Essar's London IPO

March 2010 | IPO Analysis

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The proposed listing on the London Stock Exchange (LSE) by Indian industrial group Essar 's oil and power business serves to highlight the firm's continued overseas expansionist drive. It seems the Mumbai-based conglomerate is attempting to tap into the rising energy needs of the world's second-fastest growing economy.