Odisha Slurry Pipeline

Essar Steel India Ltd (ESIL), minus the interest cost on its borrowings, was in profit. On August 2, 2017, NCLT Ahmedabad admitted it into corporate insolvency resolution process (CIRP) as a ‘going concern’. All the debts upto this date of ESIL were consolidated and dealt separately as per law. It had been generating enough revenues to pay the current dues and also remain in operational profits.