Essar Steel's Ebitda during insolvency process at Rs 4,000 crore

The earnings before interest, taxes, depreciation and amortisation (Ebitda) for Essar Steel India during its corporate insolvency resolution process that started from August 2017 is Rs 4,000 crore, the resolution professional of the company informed the National Company Law Appellate Tribunal (NCLAT).
 

Apart from the Rs 4,000 crore recorded during the insolvency process of over 600 days, the company has also accounted Rs 229 crore as Ebitda for March 2018, the appellate tribunal was said. The details are a part of an affidavit submitted by the resolution professional of the company to the NCLAT. Business Standard has seen a copy