Arcelor, Resurgent Power may jointly buy Essar Power plant
Preliminary talks on a potential joint bid for the 1,200-megawatt power plant in Madhya Pradesh have been held, according to sources
ArcelorMittal is exploring a joint offer with Resurgent Power Ventures Pte to buy an Essar Power generation plant, according to people with knowledge of the matter.
The companies have held preliminary talks on a potential joint bid for the 1,200-megawatt power plant in Madhya Pradesh, sources said. Arcelor had previously made a non-binding offer of ₹4,800 crore ($690 million) for the asset, Bloomberg News reported in February.
