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ArcelorMittal keen to spread wings in India

ArcelorMittal may be interested in Bhushan Steel or Essar Steel, two of the five steel companies referred by the RBI for insolvency proceedings.Ishita Ayan Dutt reports. ArcelorMittal, the world's......

Why steel products will become costlier from April

JSW Steel, Tata Steel, Steel Authority of India, Bhushan Steel, Essar Steel, Jindal Steel & Power, and Rashtriya Ispat Nigam are among the top producers of the alloy in the domestic market With......

Now, Essar Steel forays into defence manufacturing sector

Essar Steel aims to participate in the indigenisation of products used in naval defence Essar Steel has forayed into high-growth defence manufacturing sector by developing steel grades which find......

Keen to reduce debt, banks get tough with large borrowers

The Essar group, Jindal Steel and Power, Monnet Ispat, Bhushan Steel and the Avantha group have been asked to close deals by March-end. Alarmed by the losses of Rs 15,000 crore (Rs 150 billion)......

Essar's US unit files for bankruptcy

In 2007, Essar had said it would set up a $1.8-bn unit in Minnesota, but scaled down from a full-scale taconite steel mill project to pellet plant after the 2008 financial crisis In a setback, the......
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ArcelorMittal to make auto steel in India in 3 years as car output booms -official

By Krishna N. Das NEW DELHI, Dec 15 (Reuters) - India's state steel companywill start producing automotive steel in a $1 billionpartnership with... ...

http://www.sify.com/finance/arcelormittal-to-make-auto-steel-in-india-in-3-years-as-car-output-booms--official-news-economy-rmppataicbdia.html
IBC may be tweaked to give relief to stressed asset buyers

This is being done keeping in mind the urgency of these transactions, and it would help the ongoing insolvency cases, including the 12 accounts... ...

http://www.rediff.com/money/report/ibc-may-be-tweaked-to-give-relief-to-stressed-asset-buyers/20171207.htm
Why these 5 steel majors need to cough up Rs 29,000 crore

The recent amendments to the IBC practically barred promoters from re-acquiring their own assets, leaving only a small window to convert their non-... ...

http://www.rediff.com/money/report/why-these-5-steel-majors-need-to-cough-up-rs-29000-crore/20171207.htm
Essar Steel bid, Modi's debut at AGM, and more

From upcoming debut of PM Modi at annual general meeting to RBI positioning in rupee-dollar forwards, BS brings you up to speed with latest news BS... ...

http://www.business-standard.com/article/current-affairs/news-digest-essar-steel-bid-modi-s-debut-at-agm-and-more-117120500077_1.html
Ruias want to pay up, bid for Essar Steel

The Essar Group is planning to pay its dues to lenders so that it can take part in the bidding process for its steel plant in Hazira, Gujarat. Tata... ...

http://www.business-standard.com/article/companies/ruias-want-to-pay-up-retain-bidder-slot-for-essar-steel-117120401149_1.html

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