Wednesday, Feb 28, 2024 | Last Update : 02:13 AM IST

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Second round bids by NuMetal, Vedanta for Essar Steel valid, says NCLAT

Justice S J Mukhopadhaya directed lenders of the Essar Steel to expeditiously take a decision.

07 Sep 2018 11:55 AM

NCLAT to hear ArcelorMittal, NuMetal pleas tomorrow

NCLAT had ordered status quo on insolvency of Essar Steel for two months.

29 May 2018 2:10 PM

Lenders move NCLAT for early hearing in Essar Steel case

The NCLAT had on May 22 ordered hearing on the appeals on a daily basis from July 23-26.

25 May 2018 3:37 PM

ArcelorMittal sees capex rising to USD 3.8 billion in 2018

ArcelorMittal has already announced a major USD 1 billion investment programme for its Mexican operations.

14 May 2018 7:26 PM

ArcelorMittal Q1 net profit up 19 per cent at USD 1.2 billion

The firm, led by billionaire Lakshmi N Mittal, also saw its net debt decrease to USD 11.1 billion.

11 May 2018 2:31 PM

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Eying opportunities beyond steel also: L N Mittal

ArcelorMittal is evaluating opportunities that complement its existing business and asset base.

09 May 2018 1:37 PM

Essar Steel case: NCLAT to hear NuMetal, ArcelorMittal petition

The NCLAT took up the petitions on a day when a panel of lenders to Essar Steel is slated to meet to decide if fresh bids are to be called.

27 Apr 2018 12:15 PM

NCLT declares rebid for Essar Steel invalid

Essar Steel owes around Rs 49,000 crore to banks, is the biggest asset on the block right now.

20 Apr 2018 9:31 AM

Essar Steel: ArcelorMittal drags bankers' rejection to NCLT

The bankers had met on March 23 in Mumbai and had rejected ArcelorMittal's bid along with that of Numetal.

26 Mar 2018 5:21 PM

ArcelorMittal to form JV with Nippon Steel to buy India's Essar Steel

In February, ArcelorMittal and a group led by Russia’s VTB made separate bids for Essar Steel.

02 Mar 2018 1:28 PM

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ArcelorMittal posts over two-fold jump in Q4 profit

Company reported two-fold rise in net income to USD 4.568 billion from USD 1.779 billion in 2016.

31 Jan 2018 3:38 PM

ArcelorMittal extends conversion date for USD 1 bn bonds

The mandatory conversion date of the bond has been extended to January 29, 2021.

15 Dec 2017 2:02 PM

JV between SAIL, ArcelorMittal soon: Steel Minister

Proposed auto-grade steel plant, with a capacity of 1.5 MT per annum, which can be scaled up to 2.5 MT.

09 Dec 2017 11:27 AM

ArcelorMittal team visits Essar Steel, Bhushan Steel plants

ArcelorMittal is among top industry players, including Tata Steel, that have submitted bids to acquire the debt-ridden Essar Steel.

22 Nov 2017 3:37 PM

ArcelorMittal's focus on other assets may hit $1 billion Indian JV

ArcelorMittal and SAIL signed their preliminary agreement in 2015 but there has been little progress due to disputes over terms.

26 Sep 2017 5:48 PM

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SAIL seeks NITI help to resolve differences with ArcelorMittal

NITI Aayog to resolve differences with ArcelorMittal over setting up of about Rs 5,000-crore autograde steel plant.

25 Jun 2017 3:41 PM

ArcelorMIttal bid for Ilva plants gets govt nod

Italy has been trying to sell Ilva since 2015 when the state took full control of the plant in a bid to clean up the polluted site.

06 Jun 2017 12:54 PM

SAIL, ArcelorMittal JV may be finalised this month

SAIL and ArcelorMittal have inked pact to set up a Rs 5,000 crore auto-grade steel plant.

23 May 2017 3:53 PM

Steel producers expected to solve difference

Govt expects them to resolve differences over setting up of about Rs 5,000-crore autograde steel plant.

17 Mar 2017 7:10 PM

ArcelorMittal back in black on operating profit

Global steel giant booked net profit of $1.8 bn in 2016 against a net loss of $7.9 bn last year.

11 Feb 2017 12:53 PM

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