An Adani group entity, Sajjan Jindal-owned JSW Cement Limited, and ArcelorMittal S.A. (ENXTAM:MT) are likely contenders to buy Vadraj Cement Limited, an ABG Shipyard group company that will be sold under the Insolvency and Bankruptcy Code process, people aware of the development told ET. The Bombay High Court had, in August 2018, ordered the winding up of Vadraj Cement after a trade creditor, Beumer Technology India, dragged it to the court for recovery of dues.