ArcelorMittal Nippon Steel India acquired 120-Mw captive power plant at Paradip from State Bank of India (NSEI:SBIN), Edelweiss Financial Services Limited (NSEI:EDELWEISS) and others for INR 4.5 billion on January 30, 2021. In a separate transaction, AM/NS acquired Bhander power plantthrough a bidding process from Edelweiss Asset Reconstruction Company last year.

ArcelorMittal Nippon Steel India completed the acquisition of 120-Mw captive power plant at Paradip from State Bank of India (NSEI:SBIN), Edelweiss Financial Services Limited (NSEI:EDELWEISS) and others on January 30, 2021.