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Essar Steel India Ltd

ArcelorMittal, Nippon Steel sign $5.15 bn loan pact to refinance Essar Steel buy

Manufacturing

17 March, 2020

ArcelorMittal, Nippon Steel sign $5.15 bn loan pact to refinance Essar Steel buy

Japan's biggest steelmaker Nippon Steel Corp said on Tuesday its joint venture with ArcelorMittal has signed a $5.15 billion loan ......

Supreme Court clears decks for ArcelorMittal to buy Essar Steel

Manufacturing

15 November, 2019

Supreme Court clears decks for ArcelorMittal to buy Essar Steel

The Supreme Court has cleared the way for global steel giant ArcelorMittal SA’s Rs 42,000 crore ($5.85 billion) acquisition of ......

Essar Steel's Ruia family challenges ArcelorMittal bid yet again

Manufacturing

07 May, 2019

Essar Steel's Ruia family challenges ArcelorMittal bid yet again

Essar Steel India Ltd’s promoter Ruia family has once again challenged global steel giant ArcelorMittal’s bid for the bankrupt local ......

Essar Steel lenders dig in their heels against StanChart, operational creditors

Manufacturing

26 April, 2019

Essar Steel lenders dig in their heels against StanChart, operational creditors

Essar Steel India Ltd’s Committee of Creditors (CoC) is sticking to its stand on how to distribute the capital ArcelorMittal ......

Banks likely to recover bad loans worth $10 bn by March-end: Finance minister

Economy

03 January, 2019

Banks likely to recover bad loans worth $10 bn by March-end: Finance minister

Indian banks are likely to recover Rs 70,000 crore ($9.95 billion) of bad loans by the end of March, helped ......