From Essar to Tata, Gupta father & son duo turns messiah for troubled Indian assets

Across the pond and in another continent, Liberty House also officially completed Tuesday the GBP100-million takeover of Tata Steel’s Specialty Business. With the two takeovers in a week, two generations of the Gupta family have clearly emerged as the saviours for foundering Indian-owned steel mills across the globe.

“As a group, we look to extract the maximum value in the assets by controlling input costs and the entire value chain – from mines to scraps to the finished product. We ..

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