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.
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