Odisha Slurry lenders pick ArcelorMittal bid
The company runs a 253-kmlong pipeline supplying iron ore from mines deep in the hinterland to Essar Steel’s pellets plant in Paradip, Odisha. Odisha Slurry owes financial creditors Rs 3,300 crore, of which Rs 2,350 crore is the principal amount. It owes Rs 2,100 crore to banks, while the other financial creditors include Srei Infrastructure Finance and also Essar Steel.from Markets-Economic Times https://ift.tt/2OG9Ck6
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