InfraBuild employs 4900 people in Australia and runs two electric arc furnaces in Sydney and Melbourne, 10 manufacturing mills on the eastern seaboard and a network of steel distribution sites and recycling operations. It is viewed by analysts as one of the best-performing businesses in Mr Gupta’s global GFG Alliance stable, but is also being handicapped by a punishing 14.5 per cent interest rate on $530 million in debt it refinanced in November.