Electrosteel Steels

Saturday, Apr 20, 2024 | Last Update : 04:12 AM IST

Vedanta Ltd has said that it is working with regulatory authorities to fast-track restart of operations at its copper plant in Tuticorin. (Photo: PTI)

Working with authorities to restart Tuticorin plant, says Vedanta

In April, the Tamil Nadu pollution control board rejected Sterlite's plea to renew the Consent To Operate.

27 Jul 2018 4:58 PM

As per regulatory norms, the company was under the obligation to submit its audited financial results for quarter and year ended March 31, 2018.

NSE imposes Rs 1 crore penalty on Electrosteel Steels

The penalty was imposed for non-compliance with Regulation 33 of the LODR Regulations.

06 Jul 2018 1:32 PM

Electrosteel Steels, which is undergoing insolvency resolution process, said on Wednesday that it has allotted equity shares to its lenders following conversion of loan of about Rs 7,400 crore.

Electrosteel allots shares worth Rs 7,400 crore to lenders

The company had yesterday spelled out steps to be taken for completion of its takeover by Vedanta Star Ltd.

06 Jun 2018 1:50 PM

Investment from VSL in ESL shall be done through a combination of equity of Rs 1,765 crore and inter-corporate loan of Rs 3,555 crore.

Vedanta deposits Rs 5,320 cr in Electrosteel Steels escrow account

The company has acquired control over ESL and a new board of directors has been put in place.

05 Jun 2018 9:39 AM

Vedanta Ltd on Monday asked the National Company Law Appellate Tribunal (NCLAT) to vacate its order for maintaining status quo over the sale of debt ridden Electrosteel Steel.

Vedanta asks NCLAT to lift stay over Electrosteel sale status quo

Renaissance has submitted before NCLAT that Vedanta is not eligible to bid for Electrosteel under section 29 A.

28 May 2018 5:25 PM

Lenders will get 7.6 per cent stake in Jharkhand-based steel mill Electrosteel if Vedanta Ltd's bid to take over the company goes through.

Lenders to get 7.6 pc in Electrosteel after Vedanta takeover

Company officials said the shareholder approval and the legal challenge are two separate things which can go parallelly.

03 May 2018 1:51 PM

Vedanta's acquisition of Electrosteel credit positive: Moody's

The move would augment the former's business profile and revenue generation.

23 Apr 2018 7:18 PM

The approved resolution plan will come into force with immediate effect, according to the order. (Representational image)

NCLT okays Electrosteel’s Resolution plan

The Reserve Bank in 2017 to get resolved under the Insolvency and Bankruptcy Code.

18 Apr 2018 7:22 AM

SBI files insolvency against Electrosteel at NCLT

The move comes amid SBI and other lenders starting insolvency proceedings against the 12 bad loan accounts identified by RBI.

29 Jun 2017 2:57 PM

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Shobhaa De