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Algoma Steel

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  News for Algoma Steel

  • Business

Essar acquires Algoma Steel

Ruias owned Essar Steel on Monday announced that they have agreed to acquire Canadian Algoma Steel for an aggregate value of Canadian $1.8 billion (approx. US $1.58 billion) to be paid in......

Zisco to propel Essar Steel into 20-mn-tonne club

Six months after buying a majority 60 per cent stake in Zimbabwean steel company Zisco, Essar Steel is now keen to build on Zisco's foundation and ramp up the existing infrastructure.According to......

'We need level playing field in mine allocation'

A global steel producer is putting up 14-million-tonne capacity, Essar Steel aims to achieve a global capacity of 20-25 mt.In an interview with Ishita Ayan Dutt, its chief executive officer, Malay......

Essar to buy US coal firm for $550-600 mn

The Essar Group is close to buying Trinity Coal, one of the top 10 coal producers in the US, in a deal worth $550-600 million (Rs 2,500-2,735 crore). Trinity is owned by private equity investment......

India Inc cashes in on slowdown to save cost

The economic crisis has turned out to be a blessing in disguise for many Indian companies that bought expensive overseas assets when the financial markets were at their peak. All companies have cut......

  People speak for algoma steel

  • QNA
Q. Sir,I have 250 shares in this company. What steps should I take for these shares looking at present circumstances? Please guide me
:  A. It is trading at Rs.45.85.Its topline increased from Rs.6839 crore in March 06 to Rs.9000 crore in 07.Growth of 31%.Unfortunately the bottom line...... more

http://qna.rediff.com/questions-and-answers/siri-have-250-shares-in-this-company.-what-steps-should-i-ta//answers/4651514

  Web results for Algoma Steel
India Inc's foreign coal dreams turn to dust

Some of India's biggest business groups, including Jindal, GVK, Lanco, Adani and Essar, are struggling to make money from coal mines bought abroad... ...

http://www.business-standard.com/article/companies/india-inc-s-foreign-coal-dreams-turn-to-dust-114082101449_1.html
Analysts concerned over Italian acquisition

Sajjan Jindal's JSW Steel, in the final stage of buying losing Italian steel maker Lucchini, will get a toehold in the European market by doing so... ...

http://www.sify.com/finance/jsw-steel-analysts-concerned-over-italian-acquisition-news-default-oincPJgidbafe.html
Essar revamps foreign biz

The Essar group is putting more money into its two struggling units in North America, cutting costs in its Stanlow refinery and has sold a part of... ...

http://www.business-standard.com/article/companies/essar-revamps-foreign-biz-114073000218_1.html
Essar Steel Algoma staves off third round of bankruptcy protection

(Follow @steelguru on Twitter for important updates) Essar Steel Algoma Inc, considered making its third trip through bankruptcy protection in a... ...

http://www.steelguru.com/international_news/Essar_Steel_Algoma_staves_off_third_round_of_bankruptcy_protection/344767.html
Essar Steel Algoma files for chapter 15 Protection

Essar Steel Algoma, a Canadian steelmaker, started court proceedings in Ontario to carry out an agreement with a majority of unsecured bondholders... ...

http://www.business-standard.com/article/companies/essar-steel-algoma-files-for-chapter-15-protection-114071800112_1.html

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