The pair will target toll-operate-transfer models, acquisition of existing road concessions and investment opportunities in the road sector.
Sajjan Jindal-led JSW is the only company to have submitted a resolution plan for ACCIL.
ArcelorMittal, in a joint venture with Japan’s Nippon Steel & Sumitomo Metal Corp., has offered an upfront cash settlement of ₹42,000 crore to lenders and a ₹8,000 crore capital infusion.
India’s infrastructure sector has come a long way in the last decade in terms of efficient deployment of capital and technology.
JSW Steel Ltd will not be able to seek an equity partner in the initial stage of its acquisition of bankrupt Bhushan Power and Steel Ltd.
With the successful bids, Adani Enterprises has broken the duopoly of the GVK and GMR groups as the largest private sector airport operators in the country.
Subhash Chandra-promoted Essel Infra has now initiated talks with ACME Solar Holdings Ltd to sell the same solar energy assets.
Rating agency Crisil had said that it expects the development of these six airports to attract potential investments worth $1.4 billion.
The trustees also named Noel Tata, chairman of Trent Ltd, and Jehangir H.C. Jehangir, as trustees of Sir Ratan Tata Trust.
JSW Steel will now pay $6.28 billion in upfront cash to Bhushan Power and Steel’s lenders and infuse ₹350 crore in the steelmaker to revive it.