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Pvt Jindal firm bids for Thyssenkrupp's European steel biz
Mint New Delhi
|September 17, 2025
Ni early two decades after Tata Steel's landmark Corus buyout and Lakshmi Mittal's creation of ArcelorMittal through a bitterly fought hostile takeover, Indian steel is again in the reckoning in Europe, with tycoon Naveen Jindal making an unsolicited offer to acquire Germany's largest steelmaker.
According to a media statement issued on Tuesday evening, Jindal's offer to acquire Thyssenkrupp Steel Europe part of leading German industrial and technology group Thyssenkrupp AG-has been made through his private company, Jindal Steel International.
While the bid amount has not been disclosed, Jindal Steel International has committed to invest €2 billion (nearly 21,000 crore) in the company towards decarbonization to secure steel production within Germany, as part of its bid.
This includes completion of an under-development direct reduced iron (DRI) plant at Duisburg in the Ruhr region of Germany, and establishing additional electric arc furnaces for converting this DRI into steel using electricity.
Denne historien er fra September 17, 2025-utgaven av Mint New Delhi.
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