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The British billionaire is determined to eventually tap public markets, as a $6 billion Greensill Capital refinancing push enters a second year.

GFG’s Whyalla steelworks lifted production by 17 per cent, Tahmoor coal sales were up 82 per cent but energy costs are soaring in Europe.

Gupta’s GFG says Whyalla refinancing getting closer Save Share Sanjeev Gupta’s GFG Alliance says a proposed refinancing of the Whyalla steelworks and Tahmoor coal operations in NSW is well advanced, and the proposals being worked through would be enough to pay all creditors to those two businesses. The statement came after Swiss financial services giant Credit Suisse moved on Tuesday to wind up the 56-year-old South Australian Whyalla steelworks and the Tahmoor coal operations in NSW with court action commenced in the NSW Supreme Court. Sanjeev Gupta at an iron ore mine near the Why...

In an ironic twist, GFG Alliance’s Australian operations, employing 6500 people, are in a better operating position than when they went bust in 2016.