SC seeks reply from Union govt, 61 firms on PIL alleging duty evasion in iron ore exports to China

SC seeks reply from Union govt, 61 firms on PIL alleging duty evasion in iron ore exports to China

ArcelorMittal, Nippon Steel Sign $5.15 Billion Loan Pact To Refinance Essar Steel Buy

The 10-year-term loan would be used to refinance their acquisition of Essar Steel India, now known as ArcelorMittal Nippon Steel India.

ArcelorMittal Aims To Complete Essar Steel Acquisition By 2019-end

The Supreme Court on Friday paved the way for ArcelorMittal takeover of Essar Steel for Rs 42,000 crore.

Supreme Court Clears Path For Arcelormittal To Acquire Essar Steel

The apex court said operational creditors cannot be treated on par with financial creditors of a bankrupt company.

Court Rejects Plea Against Arcelormittal's Bid For Essar Steel

ArcelorMittal has been trying to enter India's steel market, which is dominated by local companies, for over a decade but bureaucratic hassles and land acquisition woes stifled its bids.

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.

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

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

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

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."

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.

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

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

Essar Steel Seeks Financial, Strategic Partners