According to Indian business news website livemint.com, Gupta is bidding on the debt-laden ABG Shipyard. But, as the website reports, he’s not interested in building ships. He wants to scrap them in a new mill he’d like to build there.   

“The yard is well-located; it’s got a good shiplift. It can be used for breaking ships for scrap and that serves our green steel (recycled steel) objective,” he said. 

Livemint has the full story here.