12. SHASHI & RAVI RUIA
   64 and 58, INDUSTRIALIST
 

Big Tag Deals: Algoma Steel in Canada and Minnesota Steel in the US for $1.8 billion.

Personal Wings: Have five aircraft, including two Gulfstream IV.

 



Holidays Are In: Wildlife sanctuaries in Australia and South Africa.

Event They Are Proud Of: Wedding reception at the Mumbai Race Course for Ravi’s daughter Smiti.

 
TWIN PEAKS

Because their personal worth is estimated at Rs 80,000 crore, which, if they were a nation, would fetch them a rank of 80 among 182 countries in terms of GDP. Because the equity value of Essar Global, the holding company has been placed at $30 billion. Because the group turnover has shot up to Rs 40,000 crore from Rs 34,000 crore.

Because they are ramping up their steel capacity to 20 mt per annum. Because their power expansion this year will ramp up generation to 6,000 MW. Because they are knocking at pole position in telecom retail with the cut-price Mobile Store. Because they are ramping up refining capacity to 34 million tonne. Because in each of their businesses from steel to oil to telecom to shipping to refinery they have put in place investments of over Rs 60,000 crore.

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