JSW steel raises bid for Italy’s troubled Ilva steel plant

JSW steel raises bid for Italy’s troubled Ilva steel plant

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

Credits:economictimes.indiatimes.com

Leave a Reply

Your email address will not be published.