Uttam Galva Steels

ArcelorMittal Parks Rs 7,000 Cr with SBI to Clear Uttam Galva Steel Dues

The move to park about Rs 7,000 crore in an escrow account of State Bank of India (SBI) follows ArcelorMittal's bid for Essar Steel coming in for questioning because of its past shareholding in loan defaulter firm, Uttam Galva Steel.