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of <h1>CCI Greenlights ArcelorMittal Nippon Steel's Acquisition of Essar Group's Power, Port, and Land Assets.</h1> The Competition Commission of India has approved the acquisition of various assets from the Essar Group by ArcelorMittal Nippon Steel India Limited. The acquisition includes power assets such as Essar Power Hazira Limited and Gandhar Hazira Transmission Limited, port assets like Hazira Cargo Terminals Limited and Essar Bulk Terminal Limited, and other assets including Snow White Agencies Private Limited and Bhagwat Steel Limited. These assets, used primarily for captive purposes by the acquirer, span power generation, port operations, and land holdings. ArcelorMittal Nippon Steel India Limited is a joint venture between ArcelorMittal and Nippon Steel Corporation.
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