The proposed IDC takeover of ArcelorMittal South Africa risks adding another loss-making business to the state’s portfolio. Before committing billions of rand in public money, the government must explain who will pay the price of another bailout. The National Company Law Appellate Tribunal (NCLAT) on Tuesday reserved its order over a batch of petitions against ArcelorMittal's Rs 42,000-crore take over bid for Essar Steel as well as.