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Latest Articles in essar steel

NCLAT Reserves Order On ArcelorMittal Takeover Of Essar Steel

Essar Steel has reported an Ebitda of around Rs 4,000 crore during the over 600 days of insolvency period.

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SC Grants One More Opportunity To ArcelorMittal, NuMetal To Bid For Essar Steel

A two-judge Supreme Court bench had earlier held ArcelorMittal and NuMetal ineligible under the amended Insolvency and Bankruptcy Code to bid for Essar Steel

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ArcelorMittal Condemns NCLAT Order Asking It To Pay Rs 7,000 Crore Before Bidding For Essar Steel

ArcelorMittal India today criticized in the Supreme Court an order of the NCLAT asking it to pay Rs. 7,000 to be eligible to bid for Essar Steel and said that it has already divested its shares in two firms

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SC To Hear Tomorrow Plea Of ArcelorMittal Against NCLAT Order On Essar Steel Auction

The matter came up before the apex court a day after steel tycoon L N Mittal-promoted group made a bid of Rs 42,000 crore for Essar Steel

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Essar Steel: ArcelorMittal Drags Bankers' Rejection To NCLT

Bankers had met on March 23 in Mumbai and had rejected ArcelorMittal's bid along with that of Numetal

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Referring To IBC Will Deteriorate Company Operations, Says Essar Steel

The Gujarat high court on Monday dismissed Essar Steel's petition that had challenged the RBI's directive to banks for initiating insolvency proceedings against the company. The High Court also said in oral order that, "No relief will be granted to Essar."

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Essar Steel Eyes 25% Market Share In Auto-Grade Steel Segment

Automotive high strength steel grades maintain the safety standards of vehicles, while improving fuel efficiency through lightweighting.

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Lenders Including LIC Approve Rs 86,000 Cr Essar Oil Sale To Rosneft

Essar group has crossed the last hurdle to complete the sale of its Gujarat refinery to Russia's Rosneft, with the lenders, including LIC, giving the go-ahead to the deal

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Will 2017 Be Different For Steel And Power Companies?

Sutanu Guru takes a look at the many deals brewing in the Indian steel sector; taken together, JSPL, Essar Steel and Bhushan Steel account for much more than Rs 1 lakh crores in unpaid debt

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