Sanjeev Gupta's Infrabuild pays $40 million to cement control of its Mayfield steel mills

Ian Kirkwood
August 9 2021 - 4:30am
TAKING CONTROL: British entrepreneur Sanjeev Gupta bought the distressed OneSteel business in 2017. It's taken until now to finalise the purchase of the land from the administrators, Korda Mentha. Picture: Infrabuild
TAKING CONTROL: British entrepreneur Sanjeev Gupta bought the distressed OneSteel business in 2017. It's taken until now to finalise the purchase of the land from the administrators, Korda Mentha. Picture: Infrabuild

WHEN British entrepreneur Sanjeev Gupta bought the financially distressed OneSteel business from its administrators in 2017, it was a shot in the arm for South Autralia's Whyalla steelworks, and the Newcastle mills that roll about half of its steel.

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Ian Kirkwood

Ian Kirkwood

Journalist

Reporting journalist at the Newcastle Herald since 1987. Editorial writer, general reporter, industrial relations, industry and coal.

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