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India's Jindal, Italy's Arvedi bid for former Ilva steelworks

By Reuters News

ROME, Nov 9 (Reuters) - India's Jindal and Italian steelmaker Arvedi Group have submitted binding bids for Italy's former Ilva steelworks, the special commissioners overseeing the company said on Monday, as the government seeks a buyer for the troubled industrial group.

The commissioners will now assess whether the offers are complete and meet the tender requirements, according to a statement.

The former Ilva business, now Acciaierie d'Italia (AdI)centred on the vast Taranto plant in southern Italy, is currently run by government-appointed commissioners after years of financial and operational difficulties.

Prime Minister Giorgia Meloni’s government has been seeking a new owner as it tries to safeguard steel production and thousands of jobs at the site.

A Supreme Court ruling last month ordering the shutdown of blast furnaces at the site on health and environmental grounds has complicated the sales process.

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