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Steel

Race for Holcim's India assets intensifies

Infrastructure

10 May, 2022

Race for Holcim's India assets intensifies

JSW Group plans to compete aggressively with Adani Group for assets of Holcim AG's local cement businesses, two sources said on Tuesday, ......

Nithia Capital acquires stressed steel firm for $80 mn

Manufacturing

05 April, 2022

Nithia Capital acquires stressed steel firm for $80 mn

UK-based advisor and distressed steel investor Nithia Capital announced it has completed the acquisition of Crest Steel and Power Pvt ......

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Mid-sized and smaller distressed steel assets likely to see indirect PE interest

Manufacturing

16 August, 2021

Mid-sized and smaller distressed steel assets likely to see indirect PE interest

Given a competitive pricing advantage and strong steel demand, several mid-sized and smaller distressed steel assets could be snapped up ......

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Omkara Assets Reconstruction's bid for Odisha steel maker gets greenlight

Manufacturing

12 August, 2021

Omkara Assets Reconstruction's bid for Odisha steel maker gets greenlight

The bankruptcy tribunal has okayed Omkara Assets Reconstruction Pvt Ltd’s bid to acquire Jagannath Sponge Private Ltd in a deal ......

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Lenders okay JC Flowers ARC's bumped-up purchase plan for stressed pipemaker

Manufacturing

24 June, 2021

Lenders okay JC Flowers ARC's bumped-up purchase plan for stressed pipemaker

Lenders led by government-owned Canara Bank have okayed JC Flowers Asset Reconstruction Company’s bumped-up acquisition plan for a Hyderabad-based stressed ......

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Maithan Alloys to buy Andhra plant in liquidation process, over 90% haircut for lenders

Manufacturing

01 June, 2021

Maithan Alloys to buy Andhra plant in liquidation process, over 90% haircut for lenders

Maithan Alloys Ltd, one of India’s largest manganese alloy producers, will acquire a Kolkata-based firm which owns a manufacturing unit ......

JC Flowers ARC emerges top bidder for Sathavahana Ispat but lenders seek better offer

Manufacturing

12 April, 2021

JC Flowers ARC emerges top bidder for Sathavahana Ispat but lenders seek better offer

Eight Capital-backed JC Flowers Asset Reconstruction Company has emerged as the highest bidder for stressed maker of pig iron and ......

Govt levies charge on steel imports from China, weighs customs duty on solar gear

Infrastructure

24 June, 2020

Govt levies charge on steel imports from China, weighs customs duty on solar gear

India has imposed an anti-dumping duty on flat rolled steel products that are plated or coated with alloy of aluminium ......

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JSW Steel inches closer to acquiring another bankrupt firm

Manufacturing

16 December, 2019

JSW Steel inches closer to acquiring another bankrupt firm

Billionaire Sajjan Jindal-led JSW Steel Ltd has moved one step closer to becoming the largest steelmaker in the country as ......

Thyssenkrupp files complaint over Brussels' veto against Tata JV

Manufacturing

22 August, 2019

Thyssenkrupp files complaint over Brussels' veto against Tata JV

Thyssenkrupp on Thursday said it is filing a complaint with Europe’s general court to dispute an antitrust decision to block ......