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Features Australia

Paying for steel jobs

24 February 2018

9:00 AM

24 February 2018

9:00 AM

Indian billionaire Sanjeev Gupta is now in the same category as American entrepreneur Elon Musk in that any absurd idea he proposes – such as refurbishing disused car manufacturing plants in Adelaide to make electric cars – is taken seriously.

But of far more concern to the federal government and the state government of South Australia is how much support Mr Gupta will want for his less laughable idea to revive the old Whyalla steel works bought from Arrium Australia in September 2017, for an estimated $750 million?

Just before Christmas, Mr Gupta’s family company GFC Alliance released the final version of...

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