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Tuesday, May 18, 2010

ArcelorMittal may buy Bellary Steels - Report

Three people familiar with the matter said that ArcelorMittal is in talks to buy Karnataka based Bellary Steels & Alloys Ltd, which has been taken over by its lenders after failing to convince them to waive a part of its INR 2,600 crore debt and restructure the rest.

Bellary Steels has a

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