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2008 June 20   13:49

India's Essar Shipping plans $2.5 bln investment over 3 yrs

Essar Shipping Ports & Logistics Ltd said on Friday it plans to invest more than $2.5 billion over the next three years.
"The money has been raised through debt and internal accruals," Managing Director Sanjay Mehta said at an analysts meet.
The investment is expected to add $900 million in annual contracted revenue, he said.

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