The companies have held preliminary talks on a potential joint bid for the 1,200-megawatt power plant in Madhya Pradesh, sources said.

SC's judgement will be critical for ArcelorMittal to continue as an eligible bidder for Essar Steel.

Let the delay in selling Essar be a wake-up call as India’s insolvency law needs a further tweak.

ArcelorMittal has submitted a fresh bid revising its offer to Rs 42,000 crore for the bankrupt Essar Steel.

Sources say the cash rich JSW is likely to be a minority investor in the Numetal consortium, but will hold operational control.

This was in view of various news reports suggesting that the Resolution Professional of Essar Steel has been advised that Numetal is not el...

A committee of Essar Steel creditors, originally slated to convene earlier this week, has postponed a meeting to discuss the offers, accord...

Tycoons shedding assets is good news for StanChart, whose India franchise had come to depend too much on lumpy loans to holding companies b...

At 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...

Brokerage firm Credit Suisse has expressed concern over the banking sector's exposure to the steel industry.

Essar 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 plans to construct a 1.9 billion dollar plant in Indonesia following an adverse ruling by the country's anti-dumping...

Indonesian state-run PT Krakatau Steel is considering a strategic alliance with four global steel companies including Essar and Ispat to im...

The Essar Group’s acquisition of Algoma, a Canadian steelmaker, marks another victory for Indian steel companies in the international space...

Company to set up Canada-based special purpose vehicle (SPV); Algoma’s management may be retained.

The Ruias-controlled Essar group on Thursday said it intends to delist its key business units, Essar Steel and Essar Oil, to gain more flex...

The Ruias made news this week when they called off the proposed merger of BPL Mobile’s Mumbai business with its joint venture company, Hutc...