Naveen Jindal, the chairman of Jindal Steel, is exploring a potential 5-billion bid for Celsa, a European steelmaker based in Barcelona. This move is aimed at enhancing Jindal Steel's operations, particularly in the long steel products segment. Celsa, with a manufacturing capacity of 7.5 million tonnes, has recently undergone financial restructuring, making it a strategic acquisition target. However, the discussions are in the early stages and may face competition from other interested parties. For more details, refer to the official source.
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