 "ArcelorMittal to pay Rs 74.69 bn to creditors of Uttam Galva, KSS Petron")
The $15-billion Essar group is making a quiet but big comeback to the steel industry with a global footprint in three mega projects with an investment of $8 billion over three to four years, according to a senior official.
These include a steel plant in Saudi Arabia, and an iron pellet plant each in Odisha and Minnesota, US.
The group is also one of the five shortlisted bidders for NMDC Steel, a public-sector firm up for disinvestment and is constructing a steel plant with a capacity of 3 million tonnes (mt) a year. It has also been in talks with some
