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ArcelorMittal To Form Joint Venture With Nippon Steel To Buy Essar Steel
In February, ArcelorMittal and a group led by Russia's VTB made separate bids for Essar Steel, which faces claims of nearly $8 billion from banks and other creditors and suppliers.
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Court Dismisses Essar Steel Appeal Against Bankruptcy Proceedings
The Gujarat High Court on Monday dismissed Essar Steel India Ltd's appeal against a central bank order that asked creditor banks to start insolvency proceedings against the steelmaker, lawyers on the case said.
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Iran-India $2.5 Billion Steel Deal Totters As End Of Sanctions Looms
India's largest-ever steel export deal, struck with Iran in 2014 to allow it to buy the metal without violating Western sanctions that are now set to end, has become mired in a dispute that has seen no payments made or shipments delivered since last fall.
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Supreme Court to Examine Essar's Plea Against Rs 2,300-Cr Fine By Dakshin Gujarat Vij Co Ltd
Supreme Court will examine Essar Steel's plea challenging the fine of Rs 2,311 crore imposed on the firm for alleged diversion of electricity supplied to its Hazira plant.
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Narendra Modi's government gave undue benefits to corporates, says auditor
The Comptroller and Auditor General (CAG) has said government-owned firms in Gujarat granted "undue benefit" to big industrial houses, which resulted in revenue losses worth crores of rupees to the state exchequer.
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ArcelorMittal To Form Joint Venture With Nippon Steel To Buy Essar Steel
In February, ArcelorMittal and a group led by Russia's VTB made separate bids for Essar Steel, which faces claims of nearly $8 billion from banks and other creditors and suppliers.
-
Court Dismisses Essar Steel Appeal Against Bankruptcy Proceedings
The Gujarat High Court on Monday dismissed Essar Steel India Ltd's appeal against a central bank order that asked creditor banks to start insolvency proceedings against the steelmaker, lawyers on the case said.
-
Iran-India $2.5 Billion Steel Deal Totters As End Of Sanctions Looms
India's largest-ever steel export deal, struck with Iran in 2014 to allow it to buy the metal without violating Western sanctions that are now set to end, has become mired in a dispute that has seen no payments made or shipments delivered since last fall.
-
Supreme Court to Examine Essar's Plea Against Rs 2,300-Cr Fine By Dakshin Gujarat Vij Co Ltd
Supreme Court will examine Essar Steel's plea challenging the fine of Rs 2,311 crore imposed on the firm for alleged diversion of electricity supplied to its Hazira plant.
-
Narendra Modi's government gave undue benefits to corporates, says auditor
The Comptroller and Auditor General (CAG) has said government-owned firms in Gujarat granted "undue benefit" to big industrial houses, which resulted in revenue losses worth crores of rupees to the state exchequer.
