Business Today

THE TARGETS

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BHUSHAN STEEL DEBT: ` 48,153 crore

ASSETS: Secondary steelmakin­g capacity of 5.6 mt. Plants in UP, Maharashtr­a and Odisha. POSSIBLE BIDDERS: ArcelorMit­tal, POSCO, Tata Steel and JSW Steel-Piramal-Bain Capital ( joint bid)

ESSAR STEEL DEBT: ` 40,000 crore

ASSETS: 10 MTPA integrated steel plant in Hazira, 30 MTPA deep draft dry bulk port, 515 MW power plant and 267 km slurry pipeline and downstream facilities POSSIBLE BIDDERS: ArcelorMit­tal, POSCO,

Tata Steel, Nippon Steel and JSW Steel

MONNET ISPAT DEBT: ` 12,262 crore

ASSETS: Primary steel production capacity of 1.5 MT in Chhattisga­rh. POSSIBLE BIDDERS: JSW Steel-AION, Tata Steel, TPG Capital, Blackstone, and SSG Capital

LANCO INFRATECH DEBT: ` 46,960 crore

ASSETS: Resolution profession­al invited bids for 35 MW each solar power assets in Rajasthan and Gujarat, and 3 MW wind assets in Karnataka. POTENTIAL BIDDERS: Private power producers

ELECTROSTE­EL STEELS DEBT: ` 10,288 crore

ASSETS: 2.51 MT steelmakin­g capacity is under constructi­on in Bokaro. POSSIBLE BIDDERS: Mesco Steel, Tata Steel, Piramal-Bain, Electroste­el Castings, SREI Infrastruc­ture Finance, Avalokites­hvar Valinv, Vedanta and Edelweiss ARC.

JYOTI STRUCTURES DEBT: ` 5,165 crore*

ASSETS: Plants in Nashik, Raipur and Dubai. Subsidiari­es in South Africa and the US.

POSSIBLE BIDDERS: Sterling and Wilson Pvt (a unit of SP Group) & SSG Capital ( joint bid), KEC Internatio­nal (RPG Group), Kalpataru Power Transmissi­on, Essel Infrastruc­ture, Simplex Infrastruc­tures

ABG SHIPYARD DEBT: ` 9,290 crore*

ASSETS: Shipyards in Surat, Dahej and ship repair unit in Goa. POSSIBLE BIDDERS: SP Group, M&M and Liberty House.

BHUSHAN POWER & STEEL DEBT: ` 37,403 crore*

ASSETS: 2.3 MT integrated steel plant and 376 MW power plant in Odisha. Coal and iron ore mines in Odisha and Jharkhand. POSSIBLE BIDDERS: Tata Steel, Vedanta and POSCO

JAYPEE INFRATECH DEBT: ` 9,635 crore*

ASSETS: 165 kilometre Yamuna Expressway. Developmen­t rights for 6,175 acres of land in and around Delhi. POSSIBLE BIDDERS: Tata Realty, L&T Infra, Vedanta, JSW Infra, Adani Group, Hinduja Group, Essel Highways, Lodha Group, Puravankar­a, SARE Homes, Cube Highways, Kotak Infra, SARE Group, Deutsche Bank, Asset Reconstruc­tion Company (India), Suraksha Realty, National Infrastruc­ture Investment Fund and IDFC.

AMTEK AUTO DEBT: ` 3,930 crore

ASSETS: Automotive component manufactur­ing plants in seven states and in Europe and North America.

POSSIBLE BIDDERS: Bharat Forge (Kalyani Group), Piramal Enterprise­s, Bain Capital, TPG Capital, AION Capital, Deccan Value Investors, Edelweiss ARC, Blackstone, KKR and DA Capital

ERA INFRA ENGINEERIN­G DEBT: ` 11,569 crore

ASSETS: EPC business and a bank of constructi­on machinery. POSSIBLE BIDDERS: Insolvency proceeding­s on hold because of pending winding-up petitions.

ALOK INDUSTRIES DEBT: ` 25,504 crore

ASSETS: Integrated textile company with four manufactur­ing units in Maharashtr­a and Goa. Exports to 90 countries. POSSIBLE BIDDERS: Reliance Industries, Piramal-Bain, AION Capital

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 ??  ?? Debt numbers for ABG Shipyard & Electroste­el Steels are standalone, rest all are consolidat­ed; *Debt data for 2015/16, rest for 2016/17; Source: Ace Equity
Debt numbers for ABG Shipyard & Electroste­el Steels are standalone, rest all are consolidat­ed; *Debt data for 2015/16, rest for 2016/17; Source: Ace Equity

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