Essar Capital's Ruia on Group's Decarbonization Business

The transcript discusses the business focus on four major sectors: metals, mining, infrastructure, and technology. The group plans to invest in new technologies, particularly in decarbonization and energy transition, with projects in the UK and India. They are working on blue hydrogen and LNG as transition fuels. The group is cautious about large-scale green hydrogen projects, focusing instead on low capital intensity investments. Their investment strategy is aligned with private equity principles, emphasizing risk management. The discussion also touches on infrastructure investments in India and comparisons with the Adani Group.

Which sectors does the group primarily focus on?

• Retail and Consumer Goods

• Automotive and Aerospace

• Metals and Mining, Infrastructure, Technology, and Services

• Healthcare and Pharmaceuticals

What is the group's main focus in their decarbonization efforts?

• Investing in nuclear energy

• Decarbonizing a refinery in the UK and creating blue hydrogen

• Developing solar farms

• Building new coal plants

Why is the group not heavily investing in green hydrogen in India?

• They have no interest in hydrogen

• They are focusing on export markets

• They lack the technology

• They prefer investing in coal

What is the group's approach to managing investment risks?

• Using a private equity mindset

• Investing in high-risk projects

• Focusing solely on domestic markets

• Avoiding all new investments

What lesson has the group learned from past large-scale projects?

• To avoid all infrastructure investments

• To focus only on steel plants

• To continue with the same strategy

• To adopt a more cautious investment model

How does the group view the Adani Group's infrastructure investments?

• As too risky

• As irrelevant to their strategy

• As a failure

• As world-class infrastructure investments

What is the group's perspective on the future needs of the market?

• To focus on what the world needed 20 years ago

• To continue with outdated technologies

• To ignore market trends

• To anticipate and meet future market needs