This is Arcelor Mittal’s third purchase through the insolvency process in India after Essar Steel and Odisha Slurry Pipleine Infrastructure
CarVal Investors has $10 billion in assets under management and is the investment arm of global agricultural powerhouse Cargill.
Net Sales at Rs 109.72 crore in September 2018 Down 87.6% from Rs. 884.89 crore in September 2017.
SBI had earlier rejected the company's offer to pay 51 percent of its outstanding dues