SREI Infrastructure Finance Limited (BSE:523756) has formally expressed interest to acquire its debtor firm Electrosteel Steels Limited (NSEI:ESL), currently undergoing insolvency proceedings. Besides Srei, five others have formally expressed interest in the firm: Tata Steel Limited (BSE:500470), Mesco Steels Limited, Edelweiss Financial Services Limited (BSE:532922), Avalokiteshvar Valinv Limited and Electrosteel Castings Limited (BSE:500128). A Tata Steel spokesperson said, "As a process, we do assess and evaluate various strategic opportunities for growth.

This is an ongoing process in the company."