23
Jul
11:01
Indian bankrupt mills see fast post-acquisition turnaround
Five financially stressed Indian steel mills acquired by primary steel producers under the Insolvency and Bankruptcy Code (IBC) resolution process in India have shown faster post-acquisition returns in the fiscal year through March 2021 (FY21), says rating agency Crisil.
The steel plants acquired via the IBC process include Bhushan Steel Ltd (renamed as Tata Steel BSL), Essar Steel (renamed as Arcelor Mittal Nippon Steel India), Electrosteel Steels (now ESL Steel)…
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Anonymous
Very good overview of the weekly steel market.
Anonymous