New Delhi/Mumbai: In a battle for taking over insolvent Essar Steel, Sajjan Jindal-led JSW with Nu Metal submitted its bid for the beleaguered steel firm while L.N. Mittals ArcelorMittal, which teamed up with Nippon Steel & Sumitomo Metal Corporation (NSSMC) for the acquisition, said its India subsidiary submitted an offer in the re-bidding process on Monday.
ArcelorMittals subsidiary ArcelorMittal India Private Ltd (AMIPL) has today (Monday) submitted an offer in the re-bidding process for Essar Steel India Ltgd (Essar Steel) in connection with the joint venture between ArcelorMittal and NSSMC to jointly acquire and manage it, the company said in a statement.
Leading steel company JSW Steel, which is expandi…
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