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Infrastructure

NuMetal to take control of strategic pipeline of Odisha by repaying all debt

Updated : March 31, 2018 06:55 AM IST

OSPIL is the largest slurry pipeline in India and is strategic to Essar Steel.
NuMetal is competing with ArcelorMittal, the world's biggest steelmaker, to buy out Essar Steel.
Lenders of OSPIL had previously objected to sale of the asset
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