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Latest Articles in essar steel
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
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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.
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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.
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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.
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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.
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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.
Read MoreSC 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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