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ArcelorMittal, JSW Steel among six firms keen on buying Uttam Galva Steel

Uttam Galva's total admitted claims are Rs 9,070.66 crore, with ArcelorMittal having an 87 per cent voting share among financial creditors

Steel companies | Uttam Galva Steels | ArcelorMittal

Ishita Ayan Dutt  |  Kolkata 

Uttam Galva defaults on Rs 664-cr loan; ArcelorMittal, SBI among creditors
ArcelorMittal became a significant financial creditor of Uttam Galva by taking on bulk of Uttam Galva’s debt in 2018 to become eligible for the Essar Steel bid under the insolvency law.

Four — ArcelorMittal, JSW Steel, Jindal Steel & Power (JSPL), and Vedanta-owned ESL Steel — have submitted expressions of interest (EoIs) for debt-laden .



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First Published: Sun, January 03 2021. 15:28 IST