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Laxmi Mittal: Here’s how much India’s fifth-richest businessman earns; Know about his net worth, family, and more

In this article, we glance upon Laxmi Mittal’s net worth, family, businesses and more.

April 16, 2023 10:00 IST

ArcelorMittal Q4 net income declines 93 per cent to USD 261 million

The Luxembourg-based company had posted a net income of USD 4,045 million in the year-ago period.

Updated: February 9, 2023 15:09 IST

Odisha Slurry: Supreme Court approves Arcelor plan

The acquisition of the pipeline asset was financed by the lenders to OSPIL, including Srei. Most of the lenders to…

Updated: November 11, 2022 07:42 IST

ArcelorMittal Jul-Sep net income falls over 78 per cent to USD 993 million

Total steel shipments in the third quarter stood at 13.36 million tonnes (MT), lower from 14.6 MT a year ago,…

Updated: November 10, 2022 15:52 IST

ArcelorMittal looks to supply steel for proposed bullet train project from Hazira plant

The company has been working hard on the expansion plan to ensure it captures the potential that is here in…

October 28, 2022 22:11 IST

ArcelorMittal, ArcelorMittal resolution plan, ArcelorMittal nclt,

ArcelorMittal arm’s resolution plan for Uttam Galva Steels gets NCLT nod

A copy of the order is yet to be uploaded to NCLT’s website, Uttam Galva Steels said in a regulatory…

October 15, 2022 04:30 IST

“Upcoming expansion would give a fillip to AM/NS INDIA’S next phase of growth,” said Dilip Oommen, CEO of the company adding that it would also help us to meet the growing domestic market demand, while also equipping us to produce high-grade value-added steel.

ArcelorMittal Nippon Steel India gets green clearance for Hazira plant

A press release by AM/NS India said on Thursday that this increased steel manufacturing capacity represents a significant boost for…

October 7, 2022 03:15 IST

A bench led by Justice Indira Banerjee said that “we find no infirmity in the well-reasoned judgment and order of the division bench. The appeals are, accordingly, dismissed”.

Rs 82-cr dues to Arcelor: SC dismisses Essar House & Essar Services appeals against HC order

The SC said that even if any prior inter se arrangement existed between the parties, Essar Services could not have…

September 15, 2022 04:10 IST

Why ArcelorMittal, other metal giants are shutting factories amid Europe energy crisis; here’s what lies ahead

The world’s second-largest steel producer ArcelorMittal recently announced the closure of a factory in Europe as a result of rising…

September 14, 2022 14:52 IST

ArcelorMittal, Petronas, Brookfield, NTPC Green Energy stake

ArcelorMittal, Petronas & Brookfield among 13 in the fray to buy NTPC Green Energy stake

NTPC also planning IPO for subsidiary in the next fiscal

September 2, 2022 01:15 IST

The Ruias-led firm said the deal also envisages a 50-50 joint venture between Essar and AM/NS for building a 4 million tonne a year LNG import terminal at Hazira.

Essar, Arcelor in $2.4-bn pact for infra assets

Prashant Ruia, director, Essar Capital, said, “Essar is now repositioned for growth and resurgence. After consolidating our businesses over the…

Updated: August 27, 2022 07:08 IST

Essar, Essar group, ArcelorMittal Nippon Steel, Essar ports business

Essar to sell port infra to ArcelorMittal for Rs 19,000 cr

Acquisition of the power and transmission assets will ensure cost-effective, long-term power supply and energy efficiency at Hazira, it added.

Updated: August 26, 2022 18:59 IST

SAT quashes Sebi penalty for disclosure lapses in ArcelorMittal Nippon Steel case

Bankruptcy proceedings were initiated against debt-laden Essar Steel in August 2017.

July 7, 2022 13:13 IST

AMNS India announces Rs 1,000 crore additional investment in AP to expand Vizag pellet plant capacity

“ArcelorMittal Nippon Steel India has confirmed a proposed investment of Rs 1,000 crore towards brownfield expansion of its Vizag pellet…

May 25, 2022 11:05 IST

AMNS India earnings rise 17% to $470 million

The company had entered into the Indian steel market by acquiring the erstwhile Essar Steel through the insolvency route in…

May 6, 2022 08:42 IST

ArcelorMittal Q1 net income jumps over 80 pc to USD 4,125 mn

“ArcelorMittal recorded net income for 1Q 2022 of USD 4,125 million as compared to…a net income of USD 2,285 million…

Updated: May 5, 2022 14:25 IST

Following this, bids for the demerged entity would be called for.

Tata Steel, ArcelorMittal-Nippon Steel India unlikely to bid for NMDC unit

NMDC may end up spending around Rs 22,000 crore, higher by Rs 6,500 crore than originally estimated, for the plant…

April 26, 2022 04:00 IST

ArcelorMittal ties up with Greenko Group to develop 975-MW project

This will result in over 20% of the electricity requirement at AM/NS India’s Hazira plant coming from renewable sources, reducing…

March 23, 2022 01:16 IST

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