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While Bhushan Steel is in default of Rs 44,478 crore to banks, Essar Steel owes Rs 37,284 crore and Electrosteel Steels Rs 10,273.6 crore. (Representational image)

Essar Group, Tatas, ArcelorMittal bid for Essar Steel

Essar Steel is among the largest single location steel producers with a 10 MTPA liquid steel capacity.

29 Oct 2017 1:22 PM GMT

While Bhushan Steel is in default of Rs 44,478 crore to banks, Essar Steel owes Rs 37,284 crore and Electrosteel Steels Rs 10,273.6 crore. (Representational image)

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...

22 Nov 2017 10:07 AM GMT

Essar Steel promoters, however, wanted the CoC to consider their offer as it offered maximum value to all stakeholders and cannot be ignored citing some process lacunae.

Mittal claims win in Essar Steel bid

Consider promoters' attempt: Firm

26 Oct 2018 7:21 PM GMT

ArcelorMittal India Pvt Ltd submitted a plan to Indias NCLT, which deals with insolvency and company disputes, on Feb 12 to bid for Essar Steel in partnership with Nippon Steel.

ArcelorMittal wins bids to buyout Essar Steel

ArcelorMittal has been chosen by lenders to takeover debt-laden Essar Steel for about Rs 42,000 crore.

26 Oct 2018 8:00 AM GMT

Ruias offer Rs 54,389 crore to retain Essar; ArcelorMittal opposes

The fresh offer for settlement by Essar Steel has been made under Section 12A of the IBC.

26 Oct 2018 4:45 AM GMT

NCLAT has directed the resolution professional, committee of creditors and NCLT not to pass any order in the matter related to insolvency resolution of Essar Steel.

Essar Steel shareholders plan to clear all dues

Company seeks withdrawal of insolvency plea after last-ditch attempt.

25 Oct 2018 7:44 PM GMT

Essar Steel shareholders offer to pay Rs 54,389 cr to clear all dues...

The CoC is empowered to consider and approve this Settlement Plan with the requisite voting share.

25 Oct 2018 12:13 PM GMT

NCLAT has directed the resolution professional, committee of creditors and NCLT not to pass any order in the matter related to insolvency resolution of Essar Steel.

JSW Steel seeking legal opinion if can bid solo for Essar Steel:...

JSW Steel had teamed up with NuMetal to place a Rs 37,000-crore offer for Essar Steel in the second round of bidding.

9 Oct 2018 11:29 AM GMT

ArcelorMittal India Pvt Ltd submitted a plan to Indias NCLT, which deals with insolvency and company disputes, on Feb 12 to bid for Essar Steel in partnership with Nippon Steel.

SC grants one more opportunity to ArcelorMittal, NuMetal to bid for...

Top court asked Committee of Creditors to take a decision within 8 weeks on rival bids of NuMetal and ArcelorMittal for...

4 Oct 2018 6:08 AM GMT

Essar Steel promoters, however, wanted the CoC to consider their offer as it offered maximum value to all stakeholders and cannot be ignored citing some process lacunae.

New offer by Essar Steel promoters not maintainable'

Banks and other creditors have total debt exposure of close to Rs 49,000 crore in the company.

29 Nov 2018 5:32 AM GMT

PNGRB last week gave GAIL four more years till February 2019 to complete the 1104-km Kochi-Koottanad-Bangalore-Mangalore natural gas pipeline.

GAIL move NCLT seeking rejection of ArcelorMittal bid for Essar Steel

Operational creditors, under the plan, are to get just Rs 214 crore against the outstanding of Rs 4,976 crore.

19 Nov 2018 8:20 AM GMT

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...

27 April 2018 6:45 AM GMT