JSW, Vedanta join bidding for Essar Steel with creditor decision imminent

Indian steelmaker JSW and commodities conglomerate Vedanta Resources have launched competing bids to acquire insolvent steelmaker Essar Steel India, sources told Metal Bulletin on Tuesday April 3.

Vedanta confirmed to Metal Bulletin that it is bidding for the asset, while JSW said in a filing to the Bombay Stock Exchange (BSE) that it is bidding with consortium Numetal Mauritius in a joint attempt to buy the steel producer.

The deadline for bidding...


Lee Allen

April 03, 2018

17:57 GMT