Motilal Oswal
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Motilal Oswal
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ArcelorMittal, Royale Partners in race for EPC constructions; lenders to vote today

Updated : January 10, 2019 11:50 AM IST

In the earlier round, the sole bid received from the world's largest steel maker ArcelorMittal was rejected by bankers as the bid amount was too low.
EPC Constructions has a debt of over Rs 7,200 crore to the IDBI Bank led consortium.
Earlier, ArcelorMittal was chosen as the highest bidder by the lenders to Essar Steel to take over the debt-laden company for about Rs 42,000 crore.
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