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Jindal Steel submits bid for Italian steelworks Acciaierie d’Italia
Source Acciaierie d’Italia (opens in a new tab)Economic Times (opens in a new tab)
New Delhi-based Jindal Steel International has submitted a binding bid for Acciaierie d’Italia , formerly known as Ilva. Italian steelmaker Arvedi Group has also submitted a bid.Acciaierie d’Italia, which operates the largest steelworks in Italy, has faced prolonged financial and operational challenges. The sales process has been further complicated by a recent Supreme Court ruling that mandated the shutdown of blast furnaces at the facility due to health and environmental concerns.