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Essar Steel reports Rs 4,229 crore EBITDA during insolvency period

Updated : May 19, 2019 12:59 PM IST

In an affidavit filed before the NCLAT last week, its resolution professional has informed that the company earned Rs 4,000 crore from its operations between August 2017 and February 2019.
Insolvency resolution proceedings of Essar Steel had commenced on August 2, 2017 after the application under Section 7 of the Insolvency and Bankruptcy Code, 2016 was admitted by the NCLT, Ahmedabad Bench.
Essar Steel reports Rs 4,229 crore EBITDA during insolvency period

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