A consortium led by India’s JSW Steel raised its bid for Italy’s troubled Ilva steel plant, a statement said on Saturday, in a challenge to a group that was declared the winner of the tender process last month, but whose offer faces labour union opposition.
JSW, leading a consortium called AcciaItalia, said it would put up 1.85 billion euros ($2.09 billion), which is broadly in line with the winning bid, and added it would “immediately” hire 9,800 employees. It had originally offered about 1.2 billion euros. Read more
Latest posts by The Economic Times (see all)
- We Have To Instil Renewed Sense Of Confidence In Railway Passengers: Ashwani Lohani – October 22, 2017
- Government To Invite Bids To Lease Out 5 National Highways To Private Operators – October 22, 2017
- Hero Group Set To Buy Wind Energy Assets Of Bhilwara – October 22, 2017