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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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'Essar Steel re-bidding issue may be taken up on Wednesday'

Pending decision on eligibility of bidders for debt-laden Essar Steel, lenders and Insolvency Resolution Professional (IRP) are likely to meet on... ...
Essar Steel lenders to take a call on offers made by Numetal, ArcelorMittal

ArcelorMittal failed to clear the legal eligibility test as it and its promoter LN Mittal had investments in two non-performing assets in India... ...
An asset or a liability in his Essar Steel bid?

With Mittal making a case for ArcelorMittal#39;s global experience in the Essar Steel bid, here is a look into how the world#39;s largest... ...
Ready to buy out Rewant Ruia's stake in Essar Steel, says Numetal

The shareholders of the Mauritius-based Numetal, a special purpose vehicle that focuses on steel and infra space along with manufacturing, are VTB... ...
Changes in IBC may help ArcelorMittal place a fresh bid for Essar Steel

Insiders said both bids have failed the legal eligibility test, as ArcelorMittal held 29% stake in Uttam Galva Steels, an NPA for over a year Dev... ...

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