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AM Mining India, a joint venture between ArcelorMittal and Nippon Steel, Oaktree Capital-backed India Opportunities XII Investments, and Nirma group-backed Nuvoco Vistas Corporation submitted expressions of interest (EoIs). Naveen Jindal group company called Jindal Panther Cement, and PN Group-promoted CN Infrabuild also gave separate EoIs.
AM Mining India, a joint venture between ArcelorMittal and Nippon Steel, Oaktree Capital-backed India Opportunities XII Investments, and Nirma group-backed Nuvoco Vistas Corporation submitted expressions of interest (EoIs).
Other potential buyers also include Nirma Group, JK Cement, Naveen Jindal group entity, and Oaktree Capital, as per the report.
Industry bodies like the Confederation of Indian Industry (CII) are recommending a focus on enhancing quality and productivity in manufacturing, coupled with the launch of a National Mission for Advanced Manufacturing.
Karsanbhai Patel, the founder of Nirma, rose from humble beginnings as a door-to-door salesman to become a self-made billionaire through his relentless determination and the creation of a successful detergent brand.