Monnet Ispat

Sector Slowdown Could Impact Turnaround Time For Monnet Ispat: JSW Steel

Business | Thomson Reuters | Thursday July 25, 2019

A trade war between the US and China and a slowdown across various sectors in India has pushed steel prices down by 30 per cent since last year

JSW Steel, AION get creditors' nod for Monnet Ispat takeover

Business | Thomson Reuters | Tuesday April 10, 2018

Monnet Ispat, owes banks and other creditors $1.6 billion, according to government data.

Tycoons Set To Remake India Steel As $26 Billion Battle Heats Up

Business | George Smith Alexander, Anto Antony and Swansy Afonso, Bloomberg | Wednesday December 20, 2017

Insolvent producers including Monnet Ispat & Energy Ltd. are attracting potential bidders as prices of the material soar and creditors embark on the first significant test of a bankruptcy law that's intended to encourage asset sales.

Monnet Ispat Bankruptcy: NCLT Appoints Resolution Professional

Business | Press Trust of India | Tuesday July 25, 2017

The Mumbai bench of NCLT appointed Sumit Binani as IRP for carrying out the Corporate Insolvency Resolution Process (CIRP) of the company, Monnet Ispat said in a filing to the BSE.

JSW Steel Says Evaluating Opportunities Amid Buyout Reports

Business | Press Trust of India | Monday January 23, 2017

The company was responding to the media reports that JSW Steel and Blackstone were in talks to buy Monnet Ispat.

Monnet Ispat Posts Loss Of Rs 359 Crore In June Quarter

Business | Press Trust of India | Wednesday September 14, 2016

Monnet Ispat and Energy on Wednesday reported a standalone net loss of Rs 358.60 crore for the quarter ended June 30, 2016.

Monnet Ispat Shareholders Approve Sale of Power Arm

Business | Press Trust of India | Saturday March 26, 2016

MPCL, in which MIEL has 87.5 per cent stake, is setting up a thermal power plant of 1,050 MW capacity in Angul (Odisha).

Monnet Ispat to Convert Loan Into Equity

Business | Press Trust of India | Thursday December 31, 2015

Monnet Ispat and Energy on Thursday said it will convert loan into equity shares to lenders under a strategic debt restructuring (SDR) scheme.

Monnet Ispat & Energy Rises on Proposal to Convert Debt into Equity

Business | NDTV Profit Team | Thursday December 31, 2015

Shares of Monnet Ispat & Energy gained over 5 per cent to hit high of Rs 36.95 on Thursday after the company announced that the allotment committee will consider a proposal to convert the debt of the company into equity today under the strategic debt restructuring programme.

Monnet Ispat September Quarter Loss Widens to Rs 395 Crore

Business | Press Trust of India | Friday November 6, 2015

Monnet Ispat & Energy Ltd on Friday reported widening of standalone net loss at Rs 394.71 crore for the quarter ended September 30, 2015.

Monnet Ispat to Sell Orissa Sponge Iron Stake to Bhushan Steel

Business | Press Trust of India | Wednesday August 26, 2015

Monnet Ispat and Energy Ltd has agreed 'in-principle' to sell its stake in Orissa Sponge Iron & Steel to Bhushan Steel Ltd (BSL).

Monnet Ispat Hits Upper Circuit on Plans to Sell Majority Stake in Power Arm

Business | Friday July 10, 2015

JSW Energy will be buying majority stake in Monet Ispat's- Monnet Power Company which is engaged in business of developing 1,050 MW of coal fired thermal power plant located at Malibrahmani, Angul in Orissa.

Sebi Disposes of Case Against Monnet Ispat

Business | Wednesday April 1, 2015

The Securities and Exchange Board of India (Sebi) on Tuesday disposed of charges against Monnet Ispat & Energy Ltd in a case related to the company's issue of fully convertible debentures (FCDs).

Monnet Ispat in Talks to Sell Part of Power Arm

Business | Tuesday March 24, 2015

Monnet Ispat & Energy is in preliminary talks with potential buyers for selling a partial stake in its power business, Monnet Power Company, which has significant liabilities.

Monnet Ispat Surges on Plans to Sell Stake in Power Unit

Business | Tuesday March 10, 2015

Shares of Monnet Ispat surged over 13 per cent to Rs 74.6 after the company's management indicated that it plans to sell stake in power generation subsidiary to fuel expansion plans.