Steel
Creditors oust Usha Martin chairman to facilitate asset sale
26 Apr 2017
Selling a property worth Rs2,500 crore to recover Rs5,000 crore would amount to writing off Rs2,500 crore, a decision that ordinary people may not digest
Liberty House to bid for bankrupt Essar project in the US
26 Apr 2017
Essar had invested around $1.8 billion into the Nashwauk project over several years but walked away from it in late 2015 due to shortage of cash even after having taken over $1 billion in debt from a consortium of Indian banks to fund the project
Posco India surrenders land acquired for 12-mt project
20 Mar 2017
Posco has clarified that surrendering the acquired land does not imply it would cancel the long-delayed project
Tata Steel may call off merger plans with Thyssenkrupp: report
06 Mar 2017
Tata Steel, which is trying to sort out its £15-billion British pensions puzzle, would be sinking into deeper waters with the merger, says the report
