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Essar Steel

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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......

Ruias to sell Essar Steel stake to strategic partners

Following intense pressure from banks to repay loans, the Ruia-owned Essar Steel has appointed ICICI Securities and SBI Capital Markets as advisers to help it identify and induct strategic or......

1839 hectares of forest land in Odisha given to 15 industries

Posco, Essar Steel, JSPL are among the major beneficiaries.Forest land measuring 1838.79 hectares (ha) has been diverted for 15 industrial projects in Odisha between 2004 and 2013. A written reply......

Naxal activities dent businesses of India's steel companies

Essar’s business of transporting iron ore from Chhattisgarh has been cut to about half its capacity, with Naxal activities casting a shadow on these operations.About two years after Naxalites......

Funding Naxals: Essar Steel GM arrested

J S Verma, general manager of Essar Steel, was on Tuesday arrested for allegedly conspiring in funding Naxal groups in Dantewada area of Chhattisgarh. Verma is the third person to be arrested in......
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Essar Steel May Sell 24% Stake To Private Equity Firm Farallon Capital For Rs 1,700 Crore

Private equity investor Farallon Capital is likely to acquire a 24 percent stake in Essar Steel for $250 million (Rs 1,700 crore) as part of... ...

http://www.bloombergquint.com/business/2017/01/23/essar-steel-may-sell-24-stake-to-private-equity-firm-farallon-capital-for-rs-1700-crore
Ruias stake in Essar Steel to fall to 44%

It's the 2nd big-ticket sale of assets by the Ruia group in FY17 ...

http://www.business-standard.com/article/companies/ruias-stake-in-essar-steel-to-fall-to-44-117012301179_1.html
report

Essar Steel is expected to utilise the funds to complete its second pellet project in Odisha New Delhi: Private equity investor Farallon Capital is... ...

http://www.livemint.com/Companies/Hur6ujmKLGEUP9vJ8Jcp1J/Farallon-Capital-may-acquire-24-stake-in-Essar-Steel-for-Rs.html
Ruia family may lose control over its crown jewel Essar Steel

MUMBAI:The Ruia family faces the prospect of the group's crown jewel, Essar Steel, slipping out of its hands as lenders and private equity investor... ...

http://economictimes.indiatimes.com/industry/indl-goods/svs/steel/ruia-family-may-lose-control-over-its-crown-jewel-essar-steel/articleshow/56723833.cms
Bond interest payment defaulters for the December quarter

Essar Steel, Jindal Steel & Power, Bhushan Steel, Amtek Auto and its subsidiary Castex Technologies are among the top defaulters that have... ...

http://www.indiainfoline.com/article/news-top-story/bond-interest-bond-interest-payment-defaulters-for-the-december-quarter-117012100306_1.html

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