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ELECTROSTEEL GROUP
Vedanta says priority is to complete doubling Electrosteel capacity to 3 MT"As of date, this (exiting Electrosteel) is not a topic for us. The only priority is to raise the (production) capacity to 3 million tonnes...- Electrosteel Castings, Srikalahasti Pipes boards approve mergerThe merged entity will have total DI pipe manufacturing capacity of 8 lakh tonne in India with a market share of 30 %, the company said in ...
- Renaissance Steel asks NCLAT to declare Tata Steel's bid for Electrosteel 'ineligible'An NCLAT bench headed by Chairman Justice S J Mukhopadhyaya has issued notice to Tata Steel, which was the second highest bidder, and the r...
- Lenders to get 7.6 pc in Electrosteel after Vedanta takeoverElectrosteel acquisition would complement the Group's existing iron ore business, which comprises mining operations in Karnataka and Goa an...
- Renaissance to challenge move to award Electrosteel to VedantaRenaissance Steel had earlier challenged eligibility of Tata Steel and Vedanta.
- Vedanta up 2%, Electrosteel Steels down 5% post NCLT okayElectrosteel Steels became the first of the big defaulters to emerge from bankruptcy proceedings.
- NCLT approves Vedanta’s bid for ElectrosteelCompany becomes first on big initial defaulters list to have a resolution plan
- Electrosteel becomes first of 'Dirty Dozen' to be resolved under Insolvency CodeAnil Agarwal said that Vedanta, which was chosen as the highest bidder, would look to complete the process of taking over Electrosteel Stee...
- RP submits Vedanta offer for Electrosteel to NCLTThe Committee of Creditors (CoC) approved the Vedanta offer after they met on March 29 to look into the Renaissance Steel's objections to b...
- Tata steel wants to bid afresh for Electrosteel on MAT reliefThe latest move by Tata, suggesting it could raise its bid, followed a clarification issued by the Central Board of Direct Taxes (CBDT) on ...
- Vedanta leads Electrosteel race with highest offerElectrosteel faces claims of around Rs 10,000 crore from financial creditors, rising to Rs 13,000 crore if interest and penalties are added.
- Lenders of Electrosteel apply for insolvency case against companyElectrosteel Steels, which owes more than Rs 10,200 crore to an SBI led consortium of lenders, is among the 12 cases identified by the RBI ...
- Electrosteel Group: A steel project that became a pipe dreamWhen an Indian maker of manhole covers in New York City casts its net wider in an effort to diversify, it probably never anticipated how ho...
- Tata Group shows interest to invest in Electrosteel SteelsTata Group has shown interest in investing in Electrosteel Steels Ltd. The firm has been under corporate debt restructuring scheme.
- Vedanta eyeing minority stake in Electrosteel SteelsElectrosteel has been under corporate debt restructuring scheme since 2013 with a debt of more than Rs 6,000 crore.
- Corporate debt restructuring Cell okays Rs 6181 cr debt recast of Electrosteel SteelsIt added that the Rs 611.91 crore term loan outstanding of Non-CDR lenders will be outside the purview of CDR.
- Electrosteel's Rs 7,000-cr loan recast plan may go to CDR by July"The lenders are ready to recast the Electrosteel Steels' Rs 7,000 crore loan provided they meet our demands, which include corporate guara...
- Electrosteel Steels to market its products from September12Initially, ESL plans to focus on the eastern region for marketing its products and gradually increase its marketing base all across the cou...
- Electrosteel joins hands with Chinese majorThe company has entered into agreement with Laiwu Steel to commission its state-of-the-art steel pant and to achieve 90% production in a re...
- CARE assigns 'BBB' to debt programme of Electrosteel IntegratedCARE has assigned CARE BBB rating to both the proposed senior debt programme of Rs 3,271 crore and subordinated debt programme of Rs 446 cr...
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