Business · Companies · 14 hrs ago
Jindal and Arvedi submit bids for former Ilva steelworks
Jindal and Arvedi have bid to take over the former Ilva steelworks in Taranto, southern Italy.
The plant has been under special administration, and government-appointed commissioners will now assess the offers.
Arvedi says its plan needs backing from local institutions and residents, as well as approval of its industrial, environmental, employment and social prospects.
Taranto’s mayor, Piero Bitetti, called that condition unusual for a public bidding process and said he would wait to see the proposal’s details.
Arvedi aims to build two electric furnaces in stages, while Jindal has said it can build an electric furnace.
The bids matter for the plant’s future, local jobs and the steel industry; unions say they need details before judging the offers.
Commissioners will evaluate the bids, while the government is expected to meet with unions and other groups around mid-November; a separate meeting will continue discussions on a request for temporary wage support for up to 8,622 workers.
Jindal and Italian steelmaker Arvedi have submitted offers for the former Ilva steelworks, which are now to be assessed by special commissioners.
Arvedi said its proposal is conditional on approval from institutions and the people of Taranto.
Taranto Mayor Piero Bitetti said it was unusual to make a public tender offer conditional on the community’s opinion.
The bids’ details have not been disclosed, although Jindal has said its updated proposal includes an electric furnace.
Arvedi is aiming to build two electric furnaces in stages, using technology already employed at its Cremona plant.
- Who
- India’s Jindal group and Italian steelmaker Arvedi submitted offers.
- What
- They bid for the former Ilva steelworks. The special commissioners will assess the offers.
- When
- The offers were reported on November 9, 2026.
- Where
- The former Ilva site in Taranto, Italy.
- Why
- Not stated
Arvedi
Taranto Mayor Piero Bitetti
Conditions on community approval
Arvedi
Arvedi says its proposal depends on approval from institutions and the people of Taranto.
Taranto Mayor Piero Bitetti
Bitetti says it is unusual to make an offer in a public tender conditional on the opinion of institutions or the community.
The company notified a request for extraordinary wage support for up to 8,622 former Ilva workers.
Jindal and Arvedi’s offers were reported as having reached the special commissioners.
A meeting with unions at the Labour Ministry was due to continue its examination of the wage-support request.
The government was expected to meet social partners, under commitments made at its meeting in late October.
- Bidders
- Jindal and Arvedi
- Maximum workers covered by wage-support request
- 8,622
- Arvedi’s proposed furnaces
- Two electric furnaces, planned in successive stages
- Arvedi’s technology
- Endless Strip Production, already used in Cremona
3 sources
What people are saying
We felt, as Italians, steel entrepreneurs and Christian entrepreneurs, that we should make our offer
it seems quite unusual to make an offer formulated under a public tender procedure conditional on the opinion of institutions, or even the community
The first assurance we ask of whoever wins the tender announced by the Government for the former Ilva plant is the protection of workers and employment levels
The consortium represented an act of national responsibility and Italian steelmaking could not remain indifferent