ArcelorMittal and Numetal bid for Essar Steel – Feedback

Mittal expressed optimism about the Indian steel industry and said it has submitted a detailed plan that would address many of Essar’s operational issues that had dragged the firm into bankruptcy.

“Offer submitted today by AMIPL includes a detailed investment plan to address operational issues in Essar’s existing asset base,” Mittal said in a statement. “With our industry expertise and renowned operating prowess, we believe we are uniquely equipped to implement a successful turnaround which would be beneficial to Essar’s stakeholders.”

https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/arcelormittal-and-numetal-bid-for-essar-steel/articleshow/62888154.cms

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