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Bankruptcy code clips ArcelorMittal's India expansion plans

In 2009, ArcelorMittal had picked up a stake in Uttam Galva Steels. But the new Section 29A of the IBC prohibits promoters of companies with NPAs of more than a year from bidding for these......

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......

An ace deal maker who won the Posco, Arcelor Mittal deals

In corporate India where family disputes have become far too common, the Miglanis work as a team. Image: Ankit Miglani, A steel tycoon in the making.     Uttam Galva Steels promoter......

ArcelorMittal's Q1 net loss widens to $728 mn on currency headwinds

World's largest steel company ArcelorMittal on Thursday reported a net loss of $728 million for the first quarter ended March 31 on account of currency headwinds as well as declining iron ore......

ArcelorMittal cuts R&D expenses by 4% amid a global slowdown

World's largest steel company ArcelorMittal on Tuesday said it has cut expenditure on research and development by 4 per cent at $259 million for 2014 amid a global offset in the sector. The......

Lakshmi Mittal tops 2009 UK football rich list

ArcelorMittal chief Lakshmi Mittal is the richest man in British football. According to the 2009 FourFourTwo.com Rich List, the London-based Indian steel magnate, who brought 20 per cent stake in......
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Sources

A day after reports said that the bids of ArcelorMittal and Numetal Mauritius for Essar Steel have been disqualified, resolution professional... ...

http://www.moneycontrol.com/news/business/resolution-professional-denies-arcelormittal-numetal-disqualified-for-essar-steel-bid-sources_10546401.html
ArcelorMittal, Numetal bids for Essar Steel fail eligibility test

Legal vetting finds both bidders had connections with non-performing assets Dev Chatterjee & Ishita Ayan Dutt | Mumbai Last Updated at February 21,... ...

http://www.business-standard.com/article/companies/arcelormittal-numetal-bids-for-essar-steel-fail-eligibility-test-118022000705_1.html
Narayanan Vaghul

Your access to The Wall Street Journal online is subject to you not being an existing user of The Wall Street Journal online. Existing users... ...

http://www.business-standard.com/article/companies/arcelormittal-s-ineligibility-would-send-wrong-signal-to-global-community-118021800535_1.html
Bankruptcy law violated in Essar Steel bid?

ArcelorMittal holds shares of defaulting Uttam Galva steel firm ...

http://www.dnaindia.com/business/report-bankruptcy-law-violated-in-essar-steel-bid-2585115
ArcelorMittal, Russian VTB-led group make bids for Essar Steel

MUMBAI (Reuters) - ArcelorMittal SA and a group led by Russia's VTB have made separate bids for India's Essar Steel, which is undergoing bankruptcy... ...

http://feeds.reuters.com/~r/reuters/INbusinessNews/~3/VF6lbTlip6E/arcelormittal-russian-vtb-led-group-make-bids-for-essar-steel-idINKBN1FW1Z2

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