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Essar Steel Ltd

Ruias offer to pay $7.4 bn to Essar Steel creditors to scupper ArcelorMittal deal

Manufacturing

25 October, 2018

Ruias offer to pay $7.4 bn to Essar Steel creditors to scupper ArcelorMittal deal

Essar Steel India Ltd has offered to pay Rs 54,389 crore ($7.4 billion) to its creditors to come out of ......

ArcelorMittal sweetens offer for Essar Steel; SoftBank eyes stake in FirstCry

General

24 October, 2018

ArcelorMittal sweetens offer for Essar Steel; SoftBank eyes stake in FirstCry

ArcelorMittal, the world's largest steelmaker, has increased its offer to acquire debt-laden Essar Steel Ltd, media reports said on Wednesday. The ......

Supreme Court allows ArcelorMittal, NuMetal to bid for Essar Steel

Manufacturing

04 October, 2018

Supreme Court allows ArcelorMittal, NuMetal to bid for Essar Steel

 India's Supreme Court allowed ArcelorMittal SA and NuMetal to bid for debt-ridden Essar Steel after clearing their outstanding dues within ......

With eye on Essar Steel, Japan's Nippon Steel keen to boost India presence

Manufacturing

24 August, 2018

With eye on Essar Steel, Japan's Nippon Steel keen to boost India presence

Japan's top steelmaker Nippon Steel & Sumitomo Metal Corp sees India as the most promising market and wants to become ......

Premium
How dealmaking in stressed assets is reshaping India's steel industry

Manufacturing

23 May, 2018

How dealmaking in stressed assets is reshaping India's steel industry

The steel industry in India, the world's third-biggest producer of the alloy, is undergoing a churn as large local and ......

Stressed assets: Binani battle drags on; Bhushan's door opens for Liberty House

Manufacturing

11 May, 2018

Stressed assets: Binani battle drags on; Bhushan's door opens for Liberty House

A year ago, on 5 May 2017 to be precise, the government gave greater powers to the Reserve Bank of ......

JSW Steel, NuMetal submit joint bid for Essar Steel

Manufacturing

02 April, 2018

JSW Steel, NuMetal submit joint bid for Essar Steel

Billionaire Sajjan Jindal-led JSW Steel Ltd said on Monday it has submitted a joint bid with Nu Metal and Steel ......

Premium
Why buyers of stressed assets must brace for a long-drawn-out process

Finance

20 July, 2017

Why buyers of stressed assets must brace for a long-drawn-out process

In early May, the government empowered the Reserve Bank of India to direct lenders to start bankruptcy proceedings against large ......

Karnataka to auction 14 iron ore mines by June

Manufacturing

28 April, 2016

Karnataka to auction 14 iron ore mines by June

After almost a three-month lull of iron ore mine auctions in the country, the Karnataka government is set to auction ......