Its activities span renewable energy generation, mining, shipping, and commodities trading.

Among many developments since then, in 2017 it acquired Arrium Mining and OneSteel operations in South Australia[4] for USD750 million.

It would be capable of producing 10 million tonnes a year – making it the largest in the western world – and have infrastructure to eventually double that capacity.

Sanjeev Gupta said his company was investing in large-scale power projects to meet its own industrial requirements.

Describing the high cost of energy for Australian consumers as "a crying shame for a country so rich in resources", he said "it has been a priority for us to take decisive remedial steps.