WEF Davos | Reinventing Essar: Prashant Ruia On Hydrogen & The Future At Davos

At the World Economic Forum in Davos, Prashant Ruia, CEO of Essar Group, joins Siddharth Zarabi, Editor of Business Today, for an exclusive conversation on the group’s transformation and future roadmap. A year ago, Ruia had first revealed the Group’s plans to pay all its debts in his conversation with Business Today TV at Davos. Now, he sheds light on the reinvention of Essar Group, focusing on its upcoming hydrogen-powered refinery in the UK, a cutting-edge project that symbolizes the company’s commitment to green energy and sustainability. He also discusses the challenges and opportunities of navigating the group after the passing of its visionary founder, Shashi Ruia, in December 2024. In this interview, Ruia explores how Essar is aligning with global trends in renewable energy while maintaining its legacy of innovation and resilience. He highlights the strategic decisions driving the group’s growth, the role of hydrogen as a game-changer in energy transition, and the vision for Essar’s new era.