Page 3 of ArcelorMittal

Invoking personal guarantee: Lenders fret over DRT ruling

The DRT order was on the grounds that secured creditors cannot trigger personal guarantees in the absence of any subsisting…

March 16, 2022 08:14 IST

The order was on the grounds that secured creditors cannot trigger personal guarantees in the absence of any subsisting underlying debt due from the company.

Debt Recovery Tribunal rejects SBI’s plea to invoke personal guarantee given by Essar Steel promoters

ArcelorMittal and Nippon Steel had acquired ESIL in December 2017 for Rs 42,000 crore in one of the largest stressed-asset…

March 16, 2022 06:30 IST

The MoU was signed by Gujarat additional chief secretary for industries Rajiv Gupta, and AM/NS India CEO Dilip Oommen, as part of the upcoming 10th edition of Vibrant Gujarat Global Investor’s Summit-2022.

ArcelorMittal Nippon Steel India inks MoUs worth Rs 1.66 lakh crore with Gujarat govt

The state government said through these projects, more than 1.80 lakh new employment opportunities will be created in Gujarat in…

January 28, 2022 01:30 IST

In the last 24 hours, 1,42,588 samples have been tested and the Test Positivity Rate (TPR) was 26.08 per cent. So far, 1,62,97,517 samples have been tested.

Covid-19: Trains to transport oxygen, industrial plants divert supply as active cases cross 18 lakh in India

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…

April 18, 2021 22:24 IST

These products cater to a range of industries like aerospace and aviation, agriculture, automobile and auto ancillary, bio technology, cement, chemical and the infrastructure sector as well.

Safety unawareness main hurdle in growth of PPE business: Ajay Kumar Mall, MD, Mallcom

Till 2008, we were a 100% exporting company but now 32% of our turnover comes from the domestic market. But…

March 16, 2021 02:15 IST

IMG to review ArcelorMittal-SAIL JV progress this month

The move is considered to be a big one for ArcelorMittal, which is trying to enter India after failing for…

May 24, 2016 16:38 IST

ArcelorMittal News, ArcelorMittal Group, ArcelorMittal Steel Plant

ArcelorMittal slightly more upbeat about steel market

ArcelorMittal, the world’s largest steelmaker, said on Friday it was slightly more positive about the steel market, helped by a…

May 6, 2016 14:25 IST

ArcelorMittal’s losses at $8 billion; to raise $3 billion, cut debt

Billionaire Lakshmi Mittal-led ArcelorMittal today said it will raise USD 3 billion from investors and sell USD 1 billion stake…

February 5, 2016 21:36 IST

After 6 yrs on top, Lakshmi Mittal drops out of South Africa’s rich list

Lakshmi Mittal’s wealth dropped substantially with the ArcelorMittal SA share price having plummeted in the past two years amid the…

December 18, 2015 17:11 IST

ArcelorMittal South Africa to close mills, review largest plant

ArcelorMittal South Africa is planning to shut two mills and is reviewing operations at its largest plant, it said on…

August 31, 2015 22:40 IST

ArcelorMittal South Africa says ready to cap profits if cheap imports taxed

ArcelorMittal South Africa is willing to cap its profit margin if the government imposes duties of up to 10 percent…

August 20, 2015 15:03 IST

Arcelor Mittal’s Rs 30,000 cr steel plant in limbo

The world’s largest steelmaker Arcelor Mittal’s proposed Rs 30,000-crore steel project in Karnataka seems to be in limbo.

Updated: August 4, 2015 09:08 IST

Land issues a barrier for global steel giants in India: Report

India has barriers like land issues, which prevented global giants like ArcelorMittal and POSCO to take off their projects, a…

July 29, 2015 06:37 IST

ArcelorMittal, SAIL ink Mou to set up auto-grade steel unit

Sources peg investment at Rs 5,000 crore, capacity at 1.2 mt

May 23, 2015 03:11 IST

ArcelorMittal’s net loss widens to $728mn, cuts capex to $3bn

ArcelorMittal Chairman and CEO Lakshmi Mittal said: “We faced a number of headwinds, including a declining iron-ore price, stronger dollar…

May 7, 2015 16:03 IST

Steel baron Lakshmi Mittal drops down South Africa rich list

UK-based steel baron Lakshmi Mittal has dropped further down the annual list of South Africa’s wealthiest businessmen…

December 7, 2014 20:20 IST

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Jem, LeT plotting attack in India, intel agencies reveal how terror groups are working in Pak, Bangladesh

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Intelligence agencies have issued a high alert to border states as a group of terrorists from Pakistan, including Jaish-e-Mohammed and Lashkar-e-Taiba, plan to infiltrate into Bangladesh. Evidence suggests their intention is to train and carry out bomb blasts in India. The agencies have also uncovered ISI-backed activities in Bangladesh, involving top leaders of both terror groups.

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