
The acquisition of the pipeline asset was financed by the lenders to OSPIL, including Srei. Most of the lenders to…
Total steel shipments in the third quarter stood at 13.36 million tonnes (MT), lower from 14.6 MT a year ago,…
The company has been working hard on the expansion plan to ensure it captures the potential that is here in…
A copy of the order is yet to be uploaded to NCLT’s website, Uttam Galva Steels said in a regulatory…
A press release by AM/NS India said on Thursday that this increased steel manufacturing capacity represents a significant boost for…
The SC said that even if any prior inter se arrangement existed between the parties, Essar Services could not have…
The world’s second-largest steel producer ArcelorMittal recently announced the closure of a factory in Europe as a result of rising…
NTPC also planning IPO for subsidiary in the next fiscal
Prashant Ruia, director, Essar Capital, said, “Essar is now repositioned for growth and resurgence. After consolidating our businesses over the…
Acquisition of the power and transmission assets will ensure cost-effective, long-term power supply and energy efficiency at Hazira, it added.
Bankruptcy proceedings were initiated against debt-laden Essar Steel in August 2017.
“ArcelorMittal Nippon Steel India has confirmed a proposed investment of Rs 1,000 crore towards brownfield expansion of its Vizag pellet…
The company had entered into the Indian steel market by acquiring the erstwhile Essar Steel through the insolvency route in…
“ArcelorMittal recorded net income for 1Q 2022 of USD 4,125 million as compared to…a net income of USD 2,285 million…
NMDC may end up spending around Rs 22,000 crore, higher by Rs 6,500 crore than originally estimated, for the plant…
This will result in over 20% of the electricity requirement at AM/NS India’s Hazira plant coming from renewable sources, reducing…
The DRT order was on the grounds that secured creditors cannot trigger personal guarantees in the absence of any subsisting…
ArcelorMittal and Nippon Steel had acquired ESIL in December 2017 for Rs 42,000 crore in one of the largest stressed-asset…
The state government said through these projects, more than 1.80 lakh new employment opportunities will be created in Gujarat in…
As a record single-day rise of 2,61,500 coronavirus infections took India’s total tally of COVID-19 cases to 1,47,88,109, authorities in…
Till 2008, we were a 100% exporting company but now 32% of our turnover comes from the domestic market. But…
The move is considered to be a big one for ArcelorMittal, which is trying to enter India after failing for…
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