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ArcelorMittal offers to pay Rs 4,500 crore to be eligible for Essar Steel bid: report

Updated : October 17, 2018 09:31 AM IST

In total, ArcelorMittal will be paying an amount of Rs 3,987 crore and Rs 567 crore to Uttam Galva and KSS Petron respectively, the report said, adding that discussions with lenders to pay the final sum was likely to end on Tuesday night.
On October 4, the Supreme Court gave time to ArcelorMittal and Numetal to clear NPA dues to be eligible to bid for Essar Steel.
ArcelorMittal offers to pay Rs 4,500 crore to be eligible for Essar Steel bid: report

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