Jindal has submitted a new bid to acquire troubled Italian steelmaker Acciaierie d’Italia (ADI), the Minister of Enterprises and Made in Italy Adolfo Urso confirms during a Senate hearing monitored by Kallanish.
“The Indian group Jindal, market leader on a global scale has submitted… an expression of interest for the entire steel complex with an ambitious industrial plan guaranteeing the process of full decarbonisation. This opens a new phase in the negotiations,” Urso says.
The special commissioners overseeing ADI’s sale will now examine the new bid and compare it with the offer submitted by Flacks Group, Urso adds. He reiterates that the government aims to identify a new owner for Ilva before the end of April.
Meanwhile, the maintenance programme currently underway at the Taranto steelworks is expected to be completed by the end of next month. The plant should then resume operations with two blast furnaces, No. 2 and No. 4, with a combined production capacity of up to 4 million tonnes/year.
Last year the Taranto site operated with only one blast furnace, No. 4, which was idled on 28 February 2026 for maintenance. At the same time, restart operations for blast furnace No. 2 were initiated.
Meanwhile, Flacks Group is in discussions with Italian steelmaker and re-roller Marcegaglia, as well as Metinvest and technology supplier Danieli regarding the industrial plan Flacks intends to implement for ADI after its acquisition. This was confirmed to Kallanish by Flacks chairman Michael Flacks, Antonio Marcegaglia and Danieli president Alessandro Brussi.
