(G.N.S) DT.16 Mumbai ArcelorMittal has just upped the ante in the battle for Essar Steel. According to a source in the know, the world’s largest steel maker transferred Rs 7,000 crore in an escrow account of State Bank of India (SBI) yesterday to clear the debt of two companies it previously held stakes in – Uttam Galva Steels and KSS Petron. Billionaire Lakshmi Mittal’s ArcelorMittal has cut a cheque of
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