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ArcelorMittal To Invest Rs 50,000 Crore To Set Up Steel Plant In Odisha
A Memorandum of Understanding was signed between the Odisha Government and ArcelorMittal Nippon Steel for setting up a 12 million tonne steel plant in the Kendrapara district
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ArcelorMittal Signs Deal to Suspend Plans to Exit Ilva Steelworks
ArcelorMittalsaid on Wednesday it had signed a deal that would see a significant injection of Italian state funding into the Ilva steelworks and would suspend a bid to walk away from the troubled plant, which it took over in 2018. The accord provides a respite in the four-month dispute that has seenArcelorMittal threatening to hand back Ilva to the...
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Tribunal Rejects Plea Against ArcelorMittal's Bid For Essar Steel
The Essar Steel case has dragged on for about 700 days and has seen global and local steel firms locking horns to grab Essar's assets
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Advantage China, As Tata Steel Merger Stopped By European Commission
German industrial conglomerate Thyssenkrupp said on Friday that it was scrapping merger plans with steel giant Tata and would slash 6,000 jobs worldwide in a structural shakeup. The reason: the European Commission's reluctance to the merger.
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Supreme Court Halts ArcelorMittal's Payment To Buy Essar Steel: Report
Bankruptcy court had earlier approved ArcelorMittal's $6 billion bid for debt-ridden Essar on March 8, potentially ending months of court battles and opening the sector to outsiders.
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Tribunal Approves ArcelorMittal's Rs 42,000-Crore Bid For Essar Steel
The NCLT had approved the resolution plan on March 8 but the matter went to the appellate tribunal, following an appeal filed by Essar's promoters
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Government May Order Management Change In Essar Steel: Report
The move comes even as a fresh petition was filed before NCLAT by Essar executives seeking to set aside ArcelorMittal's winning bid approved by NCLT
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Essar Promoters Move Tribunal Against ArcelorMittal Bid Order
On Friday, the Ahmedabad Bench of the bankruptcy court cleared ArcelorMittal's Rs 42,000 crore resolution plan for acquiring Essar Steel.
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ArcelorMittal's Essar Steel Bid Delaying Planned Joint Venture: SAIL
ArcelorMittal Rs 42,000 crore ($5.9 billion) bid for Essar Steel has been mired in legal wrangling for months.
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Tribunal Orders Ahmedabad Bench To Pass Essar Steel Verdict By January 31
ArcelorMittal's resolution plan was approved by CoC to Essar Steel last October and has been waiting for the Ahmedabad NCLT's approval.
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Essar Steel Creditors' Panel Chooses ArcelorMittal's Rs 42,000-Crore Joint Bid
The news comes just a day after founders of Essar Steel came in with a surprise offer to pay Rs 54,389 crore to creditors to settle claims.
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Essar Steel Auction: Supreme Court to Hear ArcelorMittal's Plea Tomorrow
ArcelorMittal had yesterday moved SC challenging NCLAT order which held Numetal's Rs 37,000 crore in second-round bid for Essar Steel was valid.
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Essar Steel Auction: ArcelorMittal Moves Supreme Court Against Tribunal Order
The appellate tribunal, on September 7, had asked lenders, who are auctioning Essar Steel to recover over Rs 49,000 crore of unpaid loans.
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Tata Steel, Thyssenkrupp Finalise Landmark Steel Deal
The largest deal in Europe's steel industry since the takeover of Arcelor by Mittal in 2006, the 50-50 joint venture - to be named Thyssenkrupp Tata Steel - will have about 48,000 workers and about 17 billion euros ($19.9 billion) in sales.
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NCLT Asks Essar Steel Lenders To Consider Numetal, ArcelorMittal Bids
At the second round, Numetal, ArcelorMittal along with JSW Steel and Vedanta had submitted the bids.
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ArcelorMittal To Invest Rs 50,000 Crore To Set Up Steel Plant In Odisha
A Memorandum of Understanding was signed between the Odisha Government and ArcelorMittal Nippon Steel for setting up a 12 million tonne steel plant in the Kendrapara district
-
ArcelorMittal Signs Deal to Suspend Plans to Exit Ilva Steelworks
ArcelorMittalsaid on Wednesday it had signed a deal that would see a significant injection of Italian state funding into the Ilva steelworks and would suspend a bid to walk away from the troubled plant, which it took over in 2018. The accord provides a respite in the four-month dispute that has seenArcelorMittal threatening to hand back Ilva to the...
-
Tribunal Rejects Plea Against ArcelorMittal's Bid For Essar Steel
The Essar Steel case has dragged on for about 700 days and has seen global and local steel firms locking horns to grab Essar's assets
-
Advantage China, As Tata Steel Merger Stopped By European Commission
German industrial conglomerate Thyssenkrupp said on Friday that it was scrapping merger plans with steel giant Tata and would slash 6,000 jobs worldwide in a structural shakeup. The reason: the European Commission's reluctance to the merger.
-
Supreme Court Halts ArcelorMittal's Payment To Buy Essar Steel: Report
Bankruptcy court had earlier approved ArcelorMittal's $6 billion bid for debt-ridden Essar on March 8, potentially ending months of court battles and opening the sector to outsiders.
-
Tribunal Approves ArcelorMittal's Rs 42,000-Crore Bid For Essar Steel
The NCLT had approved the resolution plan on March 8 but the matter went to the appellate tribunal, following an appeal filed by Essar's promoters
-
Government May Order Management Change In Essar Steel: Report
The move comes even as a fresh petition was filed before NCLAT by Essar executives seeking to set aside ArcelorMittal's winning bid approved by NCLT
-
Essar Promoters Move Tribunal Against ArcelorMittal Bid Order
On Friday, the Ahmedabad Bench of the bankruptcy court cleared ArcelorMittal's Rs 42,000 crore resolution plan for acquiring Essar Steel.
-
ArcelorMittal's Essar Steel Bid Delaying Planned Joint Venture: SAIL
ArcelorMittal Rs 42,000 crore ($5.9 billion) bid for Essar Steel has been mired in legal wrangling for months.
-
Tribunal Orders Ahmedabad Bench To Pass Essar Steel Verdict By January 31
ArcelorMittal's resolution plan was approved by CoC to Essar Steel last October and has been waiting for the Ahmedabad NCLT's approval.
-
Essar Steel Creditors' Panel Chooses ArcelorMittal's Rs 42,000-Crore Joint Bid
The news comes just a day after founders of Essar Steel came in with a surprise offer to pay Rs 54,389 crore to creditors to settle claims.
-
Essar Steel Auction: Supreme Court to Hear ArcelorMittal's Plea Tomorrow
ArcelorMittal had yesterday moved SC challenging NCLAT order which held Numetal's Rs 37,000 crore in second-round bid for Essar Steel was valid.
-
Essar Steel Auction: ArcelorMittal Moves Supreme Court Against Tribunal Order
The appellate tribunal, on September 7, had asked lenders, who are auctioning Essar Steel to recover over Rs 49,000 crore of unpaid loans.
-
Tata Steel, Thyssenkrupp Finalise Landmark Steel Deal
The largest deal in Europe's steel industry since the takeover of Arcelor by Mittal in 2006, the 50-50 joint venture - to be named Thyssenkrupp Tata Steel - will have about 48,000 workers and about 17 billion euros ($19.9 billion) in sales.
-
NCLT Asks Essar Steel Lenders To Consider Numetal, ArcelorMittal Bids
At the second round, Numetal, ArcelorMittal along with JSW Steel and Vedanta had submitted the bids.
