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ESSAR STEEL NEWS
AM/NS India finance chief Amit Harlalka to replace retiring CEO Dilip OommenDilip Oommen, CEO of AM/NS India, will retire at the end of June. Amit Harlalka, the current chief financial officer, will take over as CEO...- Essar awaits final approvals to start work on $4.5 billion steel plant in Saudi ArabiaThe oil-rich kingdom is eyeing becoming an electric vehicle manufacturing hub, manufacturing more than 3 lakh cars annually by 2030. Essar ...
- ET Explains: All about Essar Steel case and the latest twist in the taleThe company had been put on the block under IBC to recover over Rs 54,547 crore of unpaid dues.
- ArcelorMittal, Resurgent said to mull joint bid for Essar plantThe companies have held preliminary talks on a potential joint bid for the 1,200-megawatt power plant in Madhya Pradesh, sources said.
- ArcelorMittal gets time to pay up duesSC's judgement will be critical for ArcelorMittal to continue as an eligible bidder for Essar Steel.
- View: Mittal's good Essar show mired in legal farceLet the delay in selling Essar be a wake-up call as India’s insolvency law needs a further tweak.
- ArcelorMittal submits revised bid for Essar SteelArcelorMittal has submitted a fresh bid revising its offer to Rs 42,000 crore for the bankrupt Essar Steel.
- Sajjan Jindal's JSW entering Essar Steel battle with Numetal?Sources say the cash rich JSW is likely to be a minority investor in the Numetal consortium, but will hold operational control.
- Numetal approaches NCLT to reinforce its eligibility to bid for Essar SteelThis was in view of various news reports suggesting that the Resolution Professional of Essar Steel has been advised that Numetal is not el...
- Essar Steel's $6 billion sale is said to face delayA committee of Essar Steel creditors, originally slated to convene earlier this week, has postponed a meeting to discuss the offers, accord...
- View: StanChart Bank’s India problem (half) solvedTycoons shedding assets is good news for StanChart, whose India franchise had come to depend too much on lumpy loans to holding companies b...
- Essar's flat steel production up 58 per cent in Q2 FY17At 81 KT (kilo tonnes), EStIL's PPGI (Pre Painted Galvanised Iron) production was up by 98 per cent as compared to 41 KT produced in the co...
- Steel industry debts increasing pressure on banking sector: CSBrokerage firm Credit Suisse has expressed concern over the banking sector's exposure to the steel industry.
- Essar Steel raises offer for EsmarkEssar Steel Holdings Ltd raised its offer for Esmark Inc by $80 million to $19 per share on Wednesday, putting the value of the deal at app...
- Essar Steel may shelve $1.9 bn plant in IndonesiaEssar Steel may shelve plans to construct a 1.9 billion dollar plant in Indonesia following an adverse ruling by the country's anti-dumping...
- Krakatau considering strategic tie-up with Essar, IspatIndonesian state-run PT Krakatau Steel is considering a strategic alliance with four global steel companies including Essar and Ispat to im...
- Essar's Algoma buy sets global acquisition drive rollingThe Essar Group’s acquisition of Algoma, a Canadian steelmaker, marks another victory for Indian steel companies in the international space...
- Essar Global to take leveraged buyout route for Algoma buyCompany to set up Canada-based special purpose vehicle (SPV); Algoma’s management may be retained.
- Essar plans to delist steel & oil companiesThe Ruias-controlled Essar group on Thursday said it intends to delist its key business units, Essar Steel and Essar Oil, to gain more flex...
- Upwardly mobileThe Ruias made news this week when they called off the proposed merger of BPL Mobile’s Mumbai business with its joint venture company, Hutc...
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