India: ArcelorMittal looks to purchase another piece of Essar empire

India: ArcelorMittal looks to purchase another piece of Essar empire

Photo: Bloomberg

ArcelorMittal SA, the world’s biggest steelmaker, has bid 48 billion rupees ($673 million) to acquire Essar’s 1200 megawatt power plant in central India, one of the most prized assets in the debt-ridden group’s power portfolio.

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