In the iron ore-rich district of Ballari in Karnataka, at least eight plants that include secondary steel makers have scaled back productio...

Edelweiss ARC and IndoStar Capital bought loans at about Rs 1,500 crore

Edelweiss ARC is expecting at least 50% returns on the investment after taking over the bad loans of BMM Ispat.

Among the petitioners were associations of power, sugar and shipyard companies.

The general consensus among bankers and analysts is that majority of the cases would be referred to bankruptcy court due to lack of unanimi...

Karnataka will issue a notification on Monday banning private sector power generating companies from exporting power to outside entities.

BMM, which started output in April 2012, made a loss of Rs 51.4 crore on Rs 116.6 crore of operating income during the nine months to Decem...

The war of words between steel and mining companies in Karnataka have escalated over prices of iron ore.

Steel producers and iron ore miners in Karnataka today traded charges of cartellisation against each other.

Large steel players like JSW Steel, Mukand Steel, and BMM Ispat are up in arms against alleged pricing fixation of iron ore in Karnataka.

BMM Ispat Ltd today announced it will complete the setting up of a two MTPA fully integrated steel plant within next three-four years.

Ore-starved iron and steel manufacturers in Karnataka have started looking at sourcing the mineral from other states like Orissa and Jharkh...

BMM Ispat, JSW and Kalyani, who among themselves need close to 21.5 mt of iron ore per annum, are running at under their required capacitie...

Merchant miners plan to add 20 million tons of steel capacity in the country within five years at an investment of about Rs 80,000 crore.

Metso Minerals, a global supplier of equipment, services and process solutions for rock and minerals processing, on Monday said it has bagg...