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2 mins read
ArcelorMittal's $6.1 billion bid for Essar Steel is on hold again
A bench headed by Justice Rohinton F. Nariman admitted the appeals by Essar Steel lenders …
1 min read
ArcelorMittal's bid for the bankrupt Essar Steel clears another hurdle that will give banks 60% off their dues-- but the appellate order has done something more
Global giant Arcelor Mittal had made a bid for a bankrupt Indian company Essar Steel. Simultaneo…
2 mins read
ArcelorMittal submits a higher bid for bankrupt Essar Steel but on one condition
A fresh round of bidding for the indebted Essar Steel - which was one of the first 12 accounts iden…
1 min read
Lakshmi Mittal can begin taking over Essar Steel as India's Supreme Court ends the debate on how to distribute the money
The ultimate discretion on distribution of funds was with the Committee of creditors, the SC ord…
2 mins read
India’s steel industry is set for a shakeup after ArcelorMittal finally emerges as the winning bidder for Essar Steel
The decision caps an eight-month long saga which saw the company vy for the prized assets of …
1 min read
ArcelorMittal aims to complete Essar Steel acquisition by 2019-end
New Delhi, Nov 19 () Following the Supreme Court verdict on Essar Steel resolution plan, global ste…
PTI
1 min read
Look forward to close Essar Steel acquisition soon: ArcelorMittal
New Delhi, Nov 15 () Global steel giant ArcelorMittal on Friday said it is looking forward to close…
PTI
2 mins read
ArcelorMittal initiates Rs 42,000 cr payment for Essar Steel acquisition
New Delhi, Dec 13 () Global steel giant ArcelorMittal has initiated payment for acquisition of debt…
PTI
1 min read
Tata Steel and JSW welcome competition from ArcelorMittal after it buys Essar
Presence of more companies in the market will lead to more innovations, quality and R&D act…
PTI
2 mins read
EXCLUSIVE: New amendment to bankruptcy law has Prashant Ruia’s personal guarantee on its radar
India’s Finance Ministry is sitting on a new amendment to the bankruptcy law. That might be a big…
1 min read
AMNS India parent signs USD 5 bn term loan to refinance Essar Steel acquisition
"AMNS Luxembourg Holding S A (AMNS), the parent company of the AMNS India joint venture between Nip…
PTI
1 min read
Next are these 3 large defaulters who are on banks’ list. They make up nearly half the loans of 12 defaulters identified by RBI
SBI, which is the lead bank for all the three steel companies, has called a meeting of the jo…
2 mins read
ArcelorMittal isn’t giving up on its bid for Essar Steel without a fight
However, ArcelorMittal’s bid was subject to one condition - it said it would only pay the outs…
1 min read
ArcelorMittal keen to expand presence in India: Pradhan
New Delhi, Dec 14 () Global steel major ArcelorMittal is keen to expand its presence in India, Stee…
PTI
3 mins read
Essar to further cut down debt by 70 pc in last leg of deleveraging exercise
Essar said it has made capital investments of over Rs 2 lakh crore (about USD 28 billion) in secto…
PTI
3 mins read
Essar signals resuming investment-led growth plan
"Committed gas supply contracts for the Essar Steel Complex were withdrawn in 2012 and allotted co…
PTI
2 mins read
NMDC Hikes Iron Ore Prices To Boost Domestic Supply
The NMDC has raised iron ore prices by Rs 250-300 a tonne for June.
1 min read
ArcelorMittal chairman calls on Pradhan
ArcelorMittal made its foray into the Indian market by acquiring Essar Steel in December 2019 thro…
PTI
2 mins read
After buying out the bankrupt Electrosteel, Vedanta is spending billions on a new steel plant in the Indian state of Jharkhand
The move is part of Vedanta’s integration of its newly-acquired steel company. Electrosteel …
1 min read
AMNS to ramp up finished steel output to 8.5 MT by 2024-end
The first stage involves investments to increase the production of finished steel goods sustainabl…