Steel
NCLT directs Essar lenders to reconsider Arcelor, Numetal bids
21 Apr 2018
The NCLT order invalidates the second round of bidding for Essar Steel involving Vedanta and JSW Steel and opens the possibility of ArcelorMittal or Numetal winning the race for Essar Steel
Vedanta set to take control of Electrosteel with Rs5,000 crore offer
31 Mar 2018
While Vedanta has offered nearly Rs5,000 crore for Electrosteel, which owes lenders close to Rs11,300 crore, the creditors have to complete the insolvency resolution process by 17 April
JSW Steel to expand capacity to 1mn tonnes to gain from Trump's policies
27 Mar 2018
JSW Steel plans to invest up to $500 million to improve capacity utilisation at is plates and pipes mill in Texas, hoping to gain from the Trump administration’s protectionist policies
ArcelorMittal moves NCLT against bar on Essar Steel bid
27 Mar 2018
ArcelorMittal was formally declared ineligible to bid for Essar Steel due to the technicality of still being listed as a promoter of Uttam Galva Steel on the stock exchange, even though it had sold its shareholding before submitting the bid offer
ArcelorMittal bid queers the pitch for local bidders of Essar Steel
26 Mar 2018
Banks led by State Bank of India, had, last week, voted in favour of inviting bids from six companies which had submitted expressions of interest after the resolution professional declared bids from ArcelorMittal and Numetal as ineligible
Tata Steel wins bid to acquire Bhushan Steel
23 Mar 2018
