1. Jindal Group is looking to acquire Italian steelmaker Acciaierie d’Italia.
  2. The company has already made a revised offer of €2-3 billion.
  3. Competitor Baku Steel offers €500 million plus gas supply advantages.
  4. The acquisition aligns with Jindal’s strategy to expand premium steel products.
  5. The move comes ahead of the EU’s Carbon Border Adjustment Mechanism (CBAM) set for 2026.
  6. Jindal also plans to build 18 GWe of nuclear capacity in India with a $21 billion investment