On its way to be a 10-million tonne steel company, Essar Steel India has planned to revisit the earlier plan to refinance its debt. The company would be coming to the international bond market in the coming months.
ast year, Essar Steel Holdings, the Mauritius-based company which owns the steel business of the diversified (telecom, steel, energy, etc) conglomerate, had initiated a process to raise almost $1 billion through bonds to fund its growth plans and replace costly debt.