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Economy

ArcelorMittal to bid again for Essar Steel

Updated : March 24, 2018 05:55 AM IST

The SBI-led consortium of creditors had this week rejected the bids by ArcelorMittal and Numetal -- SPV.
Numetal and ArcelorMittal were the only two bidders for Essar Steel which owes its over 30 lenders more than Rs 45,000 crore.
The lenders have set April 2 as deadline for the second round.
ArcelorMittal to bid again for Essar Steel
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