Released December 17, 2019 | SUGAR LAND
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ArcelorMittal India Private Limited's (AMIPL) acquisition of debt-ridden Essar Steel India Limited (ESL) has been approved unconditionally by the Supreme Court of India, the final step in Essar Steel India's corporate insolvency process.
Completion of the transaction is expected before the end of 2019, after which ArcelorMittal will own and operate Essar Steel India Limited in a joint venture with Nippon Steel Corporation, Japan's largest steel producer and the world's third-largest.
Industrial Info is tracking 11 AMIPL projects, worth more than $920 million. Click here for a list of projects, and see graph below for a breakdown by standard industrial classification (SIC) code.
Completion of the transaction is expected before the end of 2019, after which ArcelorMittal will own and operate Essar Steel India Limited in a joint venture with Nippon Steel Corporation, Japan's largest steel producer and the world's third-largest.
Industrial Info is tracking 11 AMIPL projects, worth more than $920 million. Click here for a list of projects, and see graph below for a breakdown by standard industrial classification (SIC) code.
