India's Essar said keen to link with BASF

摘要

INDIAN steel and plastics manufacturer Essar is in talks with BASF about a $2 billion petrochemicals joint venture, according to press reports. Quoting "people directly involved in the discussions," the paper said the link-up with the German group, world's largest chemical producer, "revives a diversification plan" that had been on the Indian company's back burner for some time, due to global considerations but also because of Essar's huge debt burden.