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Gupta Pens Letter to Whyalla

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Following legal proceedings being launched against Whyalla Steelworks owners, GFG Alliance, in the NSW Supreme Court last week, Sunjeev Gupta has thanked everyone for their support over the last five weeks.

The letter which became available on Sunday, detailed Mr Gupta’s feelings towards continuing the legacy of Steelworks and building a strong future for industry in Whyalla despite the loss of financial backing.

With several refinancing offers allegedly coming to the table in the last few days, and operations continuing as usual, new refinancing deals are progressing positively.

Mr Gupta remains committed to Whyalla’s green-steel transformation vision.

A directions hearing into how the company will proceed with repayments has been scheduled for May 6.

Image: Whyalla Steelworks in 2017 (By Alex Cimbal/shutterstock.com)