Lakshmi Mittal's journey a year after he came home to buy Essar Steel

It has been a mixed bag for the firm he renamed AMNS India, and while the pain of the downturn and the pandemic has subsided, other issues remain

It’s been a year since Lakshmi Mittal came home with the acquisition of Essar Steel (renamed AMNS India) through India’s new insolvency law, after fighting a famously protracted legal battle that played out in different courts of India. But it’s not just the entry that was dramatic, the year that followed was riddled with one of the biggest challenges as the Covid-19 pandemic struck the Rs 42,000 crore acquisition.

AMNS India began on a strong note after the acquisition was completed on December 16, 2019. In January, the joint venture set production records with run rate 7.4 million tonnes, an