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ArcelorMittal gets creditors' nod for distressed Uttam Galva Steel

Manufacturing

04 June, 2021

ArcelorMittal gets creditors' nod for distressed Uttam Galva Steel

ArcelorMittal, one of the world’s largest steelmakers, resolution plan has received approval from the creditors of Uttam Galva Steels Ltd ......

ArcelorMittal Nippon Steel India plans plant

Manufacturing

05 March, 2021

ArcelorMittal Nippon Steel India plans plant

ArcelorMittal Nippon Steel India Ltd signed an agreement on Thursday with the eastern Indian state of Odisha to build a ......

Grapevine: Brookfield, others eye Mphasis; Lakshmi Mittal, others circle Uttam Galva

General

04 January, 2021

Grapevine: Brookfield, others eye Mphasis; Lakshmi Mittal, others circle Uttam Galva

Private equity firms Brookfield, Bain Capital, Carlyle, and UK-based Permira have initiated due diligence for buying a controlling stake in ......

Supreme Court clears decks for ArcelorMittal to buy Essar Steel

Manufacturing

15 November, 2019

Supreme Court clears decks for ArcelorMittal to buy Essar Steel

The Supreme Court has cleared the way for global steel giant ArcelorMittal SA’s Rs 42,000 crore ($5.85 billion) acquisition of ......

Steel tycoon Lakshmi Mittal's brother Pramod detained in Bosnia

Manufacturing

24 July, 2019

Steel tycoon Lakshmi Mittal's brother Pramod detained in Bosnia

Indian businessman Pramod Mittal has been detained by police at a company in northern Bosnia on suspicion of organised crime ......

NCLAT ruling moves ArcelorMittal a step closer to Essar Steel takeover

Manufacturing

04 July, 2019

NCLAT ruling moves ArcelorMittal a step closer to Essar Steel takeover

An Indian court rejected on Thursday a petition challenging ArcelorMittal SA's proposed takeover of debt-ridden Essar Steel, removing a hurdle in ......

Stressed assets: Essar-ArcelorMittal fight drags on; RCom enters bankruptcy

General

10 May, 2019

Stressed assets: Essar-ArcelorMittal fight drags on; RCom enters bankruptcy

Large insolvency cases saw several twists and turns over the past week as lenders struggled to find investors for resolution ......

Essar Steel's Ruia family challenges ArcelorMittal bid yet again

Manufacturing

07 May, 2019

Essar Steel's Ruia family challenges ArcelorMittal bid yet again

Essar Steel India Ltd’s promoter Ruia family has once again challenged global steel giant ArcelorMittal’s bid for the bankrupt local ......

Stressed assets: Essar Steel lenders for fast solution; Binani Cement case put off

General

13 July, 2018

Stressed assets: Essar Steel lenders for fast solution; Binani Cement case put off

Indian banks are grappling with nearly $150 billion in bad loans and the National Company Law Tribunal (NCLT) has admitted ......

JSW Steel plans bid for ArcelorMittal's Romanian plant

Manufacturing

21 June, 2018

JSW Steel plans bid for ArcelorMittal's Romanian plant

India’s biggest steelmaker JSW Steel is expected to make a bid for ArcelorMittal’s Galati plant in Romania, three sources told ......