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Can create value in Essar Steel: Lakshmi N Mittal

World's largest steel company ArcelorMittal's Chairman and Chief Executive Officer Lakshmi N Mittal on Friday said they can create value in the debt-laden Essar Steel and also confirmed no bids were rejected yet.

Reported by: IANS, New Delhi [ Updated: February 23, 2018 23:24 IST ]
Can create value in Essar Steel: Lakshmi N Mittal
Can create value in Essar Steel: Lakshmi N Mittal

World's largest steel company ArcelorMittal's Chairman and Chief Executive Officer Lakshmi N Mittal on Friday said they can create value in the debt-laden Essar Steel and also confirmed no bids were rejected yet.

"We have put in a very important and well-planned bid for Essar Steel and we think that we can create value in this company with our experience on a global basis. Whatever we have heard, no bids have been rejected yet. Resolution professionals are studying the bids and let their decision come out," he told reporters here.

Mittal was at the North Block to meet Union Finance Minister Arun Jaitley.

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