By Promit Mukherjee MUMBAI (Reuters) - ArcelorMittal SA, the world's biggest steelmaker, has bid 48 billion rupees ($673 million) to acquire Essar's 1200 megawatt power plant in central India, one of the most prized assets in the debt-ridden group's power portfolio. The bid for the power plant once again pits ArcelorMittal chief Lakshmi Mittal against the Ruia family, who are already fighting to prevent their flagship steel asset from falling into the hands of the global steel giant
from Latest News Business on Firstpost http://bit.ly/2GQCUsA
Tuesday, 19 February 2019
ArcelorMittal looks to snag another piece of Essar empire
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