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Steel

May 19, 2019, 10.14 PM IST
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Arcelor Mittal clarifies terms of Essar Steel bid

This backs the claim put forth by Standard Chartered before the NCLAT that the Rs 39,500 crore bid by ArcelorMittal was below the Rs 42,000 crore.

ArcelorMittal resolution plan violative of IB Code: Prashant Ruia to NCLAT

Senior advocate U K Chaudhary, representing Ruia, said that the proposal of ArcelorMittal India was in violation of IBC code as the proposal if approved negates the right of Subrogation of the Guarantor.

Tata Steel will continue to explore various business options in Europe: T V Narendran

The company's aim is to make European business stronger for which it will continue to explore various business options including merger, Tata Steel Managing Director T V Narendran said.

Proxy advisory company reject JSW Steel scheme

About 75% of the interest burden is borne by the company and the remaining by the employee, who can acquire a maximum of 0.517% of the issued share capital of the company through this scheme.

Dalmia Seven launches new monolithics production line in Katni

Dalmia Seven is a joint venture between the Dalmia Bharat Group and Seven Refractories of Europe and part of the group's refractory business.

'Tata Steel's India performance to largely offset Thyssen JV'

Tata Steel Group CFO Koushik Chatterjee spoke to ET about the impact of the stalled joint venture in Europe and on Tata Steel's more profitable operations in India.

Arcelor paying Rs 39,500 crore for Essar Steel and not Rs 42,000 cr: SCB counsel Kapil Sibal

Kapil Sibal argued that acceptance of Rs 39,500 crore as the bid amount by the Committee of Creditors (CoC) of Essar Steel, to which Standard Chartered Bank (SCB) was not part, is contrary to the undertaking given by ArcelorMittal to the Supreme Court.

Tata Steel reveals what led to call off JV with Thyssenkrupp

With the Tata Steel-Thyssenkrupp JV called off, Tata Steel Ltd is evaluating all options for future European operations. Koushik Chatterjee, ED & CFO reveals what led to the deal being dropped.

Debt-laden Tata Steel may have to sell assets

With the plan to merge with Thyssenkrupp abandoned, Tata Steel may have to sell sizeable assets.

Tata Steel, Thyssenkrupp set to abandon JV plans in Europe

Thyssenkrupp said in the third quarter of the current fiscal year, it will reintegrate the Steel Europe Business Area back into the Group.

Utkarsh India planning to consolidate its leadership

Utkarsh India planning to consolidate its leadership

The company had recently expanded its by almost twice to 6,000 MT per month, pitching it amongst the leading players in the segment.

JSW Steel reports 2% growth in April crude steel production

JSW Steel reports 2% growth in April crude steel production

In Q3, the company had shown a de-growth in crude steel production at 4.17 MT

SAIL launches new brand of TMT bars

SAIL launches new brand of TMT bars

The production of these TMT bars began in SAIL’s IISCO Steel Plant on May 1 and the first consignment was flagged off on May 6, 2019.

JSPL bags Rs 665 crore rail order from RVNL

JSPL bags Rs 665 crore rail order from RVNL

JSPL has won an order from RVNL "to supply 89,042 tonnes of UIC 60 kg IRS T-12 880 grade 13 meter rails for its upcoming projects," the company said in a regulatory filing.

Essar Steel shareholder seeks ArcelorMittal's disqualification over ties with loan defaulting firms

Essar Steel shareholder seeks ArcelorMittal's disqualification over ties with loan defaulting firms

A shareholder has moved NCLAT against Mittal's bid over his ties with loan defaulting cos run by his brothers.

SAIL supplies electric poles for restoration work in Odisha

SAIL supplies electric poles for restoration work in Odisha

A SAIL statement said it will move a total of 15,000 such poles to the state in a time-bound manner.

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