ArcelorMittal
Manufacturing
JSW Steel ups bankruptcy-resolution offer for steel products maker Asian Colour
JSW Steel, which had emerged as the lone bidder for Asian Colour Coated Ispat Ltd, has increased its bankruptcy-resolution offer ......
Manufacturing
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 ......
Manufacturing
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 ......
General
Stressed assets this week: Essar Steel, Jet Airways and Sterling SEZ in focus
The Insolvency and Bankruptcy Code, instituted in 2016 to tackle the bad loans weighing down on India’s banking system, has ......
Infrastructure
Arcelor's wait for Essar Steel gets longer as SC steps in to resolve lenders' tiff
ArcelorMittal's wait to buy Essar Steel, and enter the domestic steel industry, just got longer. More than a month after the ......
Manufacturing
NCLT approves ArcelorMittal's takeover bid for Essar Steel
India’s bankruptcy court on Friday approved global steel giant ArcelorMittal SA’s bid for debt-ridden Essar Steel, potentially ending months of ......
General
ArcelorMittal eyes Essar port, plant; GIC, Mitsubishi vie for GMR Airports stake
Essar Group held talks with ArcelorMittal over the sale of its port and power plant at Hazira in Gujarat, The ......
Infrastructure
ArcelorMittal makes bid to acquire Essar's Mahan power plant
ArcelorMittal SA, the world’s biggest steelmaker, has bid 48 billion rupees ($673 million) to acquire Essar’s 1200 megawatt power plant ......
Manufacturing
NCLT rejects Ruias' loan settlement offer for Essar Steel
The National Company Law Tribunal (NCLT) has rejected a loan settlement offer by Essar Steel's promoters, in a big blow ......
General
Edelweiss, Altico in race for IL&FS PE; SBI finds few takers for Essar Steel loan
IL&FS Investment Managers Ltd, the private equity arm of Infrastructure Leasing & Financial Services Ltd, has received takeover interest from ......
