In its offer, AMIPL set out a detailed industrial plan for the debt-laden steel maker to address its operational issues and to improve its performance and profitability.
ArcelorMittal on Monday said that its subsidiary ArcelorMittal India Pvt Ltd (AMIPL) has submitted an offer for Essar Steel India Limited in line with the corporate insolvency resolution process for Indian steel company.
In its offer, AMIPL set out a detailed industrial plan for the debt-laden steel maker to address its operational issues and aimed at improving its performance and profitability.
“Essar provides a compelling opportunity for us to enter the high growth Indian steel market. The offer submitted to…
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