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Supreme Court restrains ArcelorMittal from paying for Essar Steel

Updated : April 13, 2019 01:16 PM IST

The Arcelor's acquisition of Essar would have allowed Arcelor owner Lakshmi Mittal to begin its operations in the Indian steel market. 
Post the acquisition, Arcelor will become the fourth-biggest player in the country.
The apex court order is bound to delay Mittal's plan to buy the steel mill, which can produce 10 million metric tonne annually. 
Supreme Court restrains ArcelorMittal from paying for Essar Steel

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