Essar Steel

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 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

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

As Nifty ends below 8,900, these 65 stocks hit fresh 52-week high in Friday's trade

17 stocks that made news in Thursday’s trade: GAIL, Mphasis, Marksans Pharma and more

Marksans Pharma stocks closed 14.06 per cent up at Rs 53.95 after it received communication from UK MHRA informing that…

Updated: March 17, 2016 17:16 IST

Apex court notice to petroleum ministry on gas pooling policy

The Supreme Court on Friday asked the government to clarify its position on introducing a universal gas pooling policy to…

December 5, 2015 00:37 IST

12 stocks that made news today: Jet Airways, Punj Lloyd, Dena Bank and more

Jet Airways shares ended 5.93 per cent up at Rs 440.35 after the company said it will acquire 75 fuel-efficient…

Updated: November 9, 2015 16:51 IST

Essar Steel to raise fresh capital to fund capex, pare debt

As it tries to brace itself against the major headwinds faced by the sector, Ruias-promoted Essar Steel today said it…

November 7, 2015 17:03 IST

Essar moves SC for universal gas-pooling policy

Essar Steel India Ltd has moved the Supreme Court seeking a direction to the government to introduce a universal gas-pooling…

September 11, 2015 00:04 IST

Debt recasts: Not just small firms, big ones use them too

While Essar Steel has approached banks for a recast of loans worth close to Rs 12,000 crore, Essar Port has…

Updated: June 13, 2015 08:22 IST

Jaypee Infratech’s road arm takes 5/25 route

Seeks refinancing of R10,300 crore in loans

Updated: April 10, 2015 05:04 IST

JSPL, Jindal Steel, Jindal Steel and Power, JSPL Q2 results

Essar Steel seeks more loans of Rs 4,000 crore

Weighed down by borrowings of close to R38,000 crore and falling prices of steel, the Ruia-promoted Essar Steel is hoping…

Updated: March 31, 2015 13:12 IST

Essar Steel raises $1-bn long-term debt to dollarise balance sheet

Essar Steel, an integrated steel producer, has raised $ 1 billion through long-term export securitisation…

November 25, 2014 00:42 IST

Apex court dismisses NMDC’s appeal

The Supreme Court on Monday dismissed the appeal of NMDC in an ongoing dispute with Essar Steel…

November 18, 2014 01:33 IST

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Big tech bets: Amazon, Microsoft lead $52 billion AI investments in India

Business-330 min ago

India is a top destination for global tech giants, with Microsoft and Amazon announcing a combined investment of over $52 billion this week. Amazon plans to invest $35 billion by 2030, focusing on AI and job creation, while Microsoft will invest $17.5 billion between 2026 and 2029 for cloud and AI infrastructure. Google and Meta also have investment plans in India’s booming AI sector.

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