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Essar Steel

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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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Warning! Some govt banks may go bust

'The entire government-owned banking system (excluding SBI) is now in the red.''But worse is to come,' warns T N Ninan.Illustration: Dominic... ...

http://www.rediff.com/money/column/warning-some-govt-banks-may-go-bust/20170904.htm
RBI readies 2nd list of bankruptcy candidates, mostly infra companies

FC Bureau City: Mumbai Debt levels among them vary between Rs 3,000 crore and Rs 50,000 crore After identifying 12 big defaulters for insolvency... ...

http://www.mydigitalfc.com/my-money/rbi-readies-2nd-list-bankruptcy-candidates-mostly-infra-companies
Essar Steel lenders want to bring in new investors; Tata, JSW keen

FC Bureau City: New Delhi Lenders of Essar Steel would meet on August 31 to consider a resolution plan to deal with the company’s debt totalling... ...

http://www.mydigitalfc.com/my-stocks/essar-steel-lenders-want-bring-new-investors-tata-jsw-keen
Posco likely to bid for Rs 37,284-cr debt-ridden Essar Steel

If bidding happens, the deal would benefit Posco in boosting its India plans ...

http://www.business-standard.com/article/companies/posco-likely-to-bid-for-rs-37-284-cr-debt-ridden-essar-steel-117082500778_1.html
Banks get 3% of loans repaid from Essar Oil deal; Essar Steel debt still in limbo

Bankers to Essar Oil will get Rs 4,000 crore from Rosneft deal of Rs 82,740 crore (USD 12.9 billion) which will reduce Essar’s Group debt by Rs... ...

http://www.moneycontrol.com/news/business/banks-get-3loans-repaidessar-oil-deal-essar-steel-debt-stilllimbo_9519221.html

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