Anil Agarwal’s steel problem
Five years after buying ESL Steel for what seemed like a bargain, the Vedanta founder is in a hurry to sell the company. Except, he hasn’t had much luck with finding a buyer.
July 21, 2023•11 min
0
July 21, 2023•11 min
0

More in Business
Business
Tata Motors’ demerged CV business starts life on a tightrope
From net debt-free to billions in bridge financing, the Iveco acquisition means the automaker’s commercial vehicles business begins its independent journey on fragile financial ground.
You may also like
Business
Not a Hindenburg, but Viceroy does enough to put the lens on Anil Agarwal's mining empire
Though the American short seller’s report lacks bite, it does show that Agarwal’s Vedanta Resources continues to face headwinds of several kinds.
Business
The hunt for greener steel stutters
ArcelorMittal's scrapping of green steel plans in Germany signals an uncertain future for decarbonizing the heavily polluting sector. It also casts a cloud on mega investments by Indian steelmakers.
Business
SC scrapped Bhushan Power and Steel deal to protect IBC, not undermine it
Acquirer JSW Steel and the other parties to the resolution process of the insolvent entity vitiated the sanctity of the bankruptcy code, the apex court found.