Steel tycoon L N Mittal today said he would be surprised if ArcelorMittal, the world's largest steelmaker, will not be eligible to participate in the bid for Essar Steel.
ArcelorMittal and Numetal are the two bidders in the race to acquire debt-laden Essar Steel, currently undergoing insolvency proceedings as it owes more than Rs 45,000 crore to over 30 banks.
"Ultimately, I would be surprised if we are not eligible to participate in the bid for Essar Steel. ArcelorMIttal is the world's leading steel company we are financially strong, we are ready to invest and bring our technology and our products and processes to India," Lakshmi N Mittal, Chairman and Chief Executive Officer, ArcelorMittal told
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