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ESSAR STEEL ORISSA LTD
Arcelor paying Rs 39,500 crore for Essar Steel and not Rs 42,000 cr: SCB counsel Kapil SibalKapil Sibal argued that acceptance of Rs 39,500 crore as the bid amount by the Committee of Creditors (CoC) of Essar Steel, to which Standa...
IDBI Bank starts bankruptcy process against Odisha SlurryThis development comes at a time when Numetal, a joint venture between Russia’s VTB and Rewant Ruia has proposed to buy both Essar Steel an...
Numetal buys key pipeline provider, gains edge in race for Essar SteelThe consortium that is believed to be spearheading the Ruia family’s bid to retain Essar Steel, is buying a majority stake in Orissa Slurry...
- Essar Steel hopes to meet its iron ore needs from Odisha project
Ruias-promoted Essar needs uninterrupted supply of iron ore to feed its 10-million tonne (mt) integrated steel plant at Hazira in Gujarat.
- Essar Steel Orissa Ltd charged with green violation
Though ESOL obtained environmental clearance on May 29, 2008, there is no CRZ clearance which is mandatory since the area comes under CRZ z...
- Steel companies with pellet plants to get priority in iron-ore mine allocation
The government's plan is to encourage steel plants that are building pellet plants - units that remove moisture from ores.
- Orissa to renew pact signed with Posco
The Orissa government will renew the agreement signed in 2004 with South Korean major Posco, six months after its expiry.
- ArcelorMittal to build small steel units in 3 states: Govt
Global steel major ArcelorMittal will build smaller plants, each of 3 million tonne capacity, in Jharkhand, Orissa and Karnataka, as per th...
- 13 industries sign MoU with Orissa govt to set up ITCs
Orissa is finally gearing up to upskill youths looking for suitable jobs in the industrial units.
- Essar to commission phase-1 of 13kcr expansion next month
Ruias-led Essar Steel on Wednesday said it will commission the first phase of its Rs 13,000-crore expansion project by the end of next mont...
- Essar Steel plans to raise $1 bn from overseas market
Essar Steel, the flagship company of the $15-billion Essar Group, is planning to raise $1 billion (Rs 4,600 crore) from overseas markets to...
- Babies on the block hire steel veterans as poachers become the hunted
Senior execs with experience across public & private sectors are the most sought-after.
- Public, pvt sectors bear brunt of Naxalite attacks
Power, mining, railways and communication have borne the brunt of Naxalite attacks.
- Maoists’ hall of shame
The growing influence of Naxalites over the last few years has not only seen a jump in incidents and casualties but also taken a toll on ec...
- Essar Group mulls acquiring iron ore and coal mines abroad
Ruias-promoted Essar Group is scouting for iron ore and coal assets for acquisition in Africa and South America.
- RIL, Essar arms in race to flag pipeline space
It’s race against time for Reliance Gas Transportation Infrastructure (RGTIL) and Essar Steel for construction of their pipelines.
- POSCO, Tata, Essar resent delay in Orissa
Several mega steel investors including POSCO, Tata and Essar echoed concern over delay in execution of their projects in Orissa and said th...
- Essar to start construction of Orissa steel plant in Jan
The Essar group expects to start construction work of its six million tonne integrated steel plant in Orissa from January next year.
- Essar's Orissa plans face heat
The co's plans for setting up an aluminium project in Orissa is facing opposition from locals.
- Mittal to meet Orissa CM
The visit of L N Mittal to India has generated much interest in political and administrative circles here.