Adani Group, Arcelor Mittal Group, and JSW Cement are reportedly potential bidders for Vadraj Cement, an ABG Shipyard group company undergoing the Insolvency and Bankruptcy Code (IBC) process. The Vadraj Cement unit, currently non-operational, has an integrated cement manufacturing facility in Kutch and a cement grinding unit in Surat, Gujarat. Lenders anticipate bids ranging from INR 2,000 crore to INR 2,500 crore for Vadraj Cement, which has a total debt of INR 7,000 crore. If successful, ArcelorMittal’s bid would mark its entry into the cement sector.