Global strategic oil inventory totaled 2.5 billion barrels at end of 2025, EIA saysGlobal strategic oil reserves reached 2.5 billion barrels by year-end. China, the United States, and Japan hold the largest stockpiles. The...
Reliance, Essar top bidders for coal-based methane gas exploration blocksThe bidding frenzy for coal-bed methane blocks heats up as Reliance Industries and the Essar Group step into the ring. The Directorate Gene...
India's Essar group places bid for Petrobras' Bahia refinery: ReportIf Essar's bid is successful, it would mark the group's debut in Brazil. Essar has invested roughly $28 billion in assets in energy, infras...
Essar bid: Numetal too has to clear dues of connected partiesLenders have asked both Numetal and ArcelorMittal to make a case for their eligibility to bid for Essar Steel on May 2 and give a plan to c...
Numetal to go with the original Essar Steel bidIndustry experts were divided on whether Arcelor’s ‘disability’ was based on the status of its declassification as promoter of Uttam Galva ...
Vedanta unlikely to participate in rebidding of Essar SteelVedanta had submitted an Expression of Interest (EoI) for Essar Steel but did not bid for the bankrupt steel maker which owes over Rs 45,00...
ArcelorMittal plans to rebid for Essar SteelThe SBI-led consortium of creditors had this week rejected the bids by ArcelorMittal and Numetal finding them ineligible under the IBC.
JSW Steel keen to participate in Essar bidding processThe Essar bidding is poised to be the biggest in the current round of auction of stressed steel assets and is likely to involve anywhere be...
Will Essar Steel help Lakshmi Mittal come home?Lakshmi Mittal remains a top FDI draw into the country. Will Essar Steel give the world’s largest steelmaker the breakthrough he has so lon...
- Essar pulls out of Esmark race
Severstal has launched a fresh offer of $19.25 a share, 25 cents higher than Essar’s renewed bid, and has signed a definitive merger agreem...
- Essar bid gets boost as Esmark makes hostile takeover tougher
Essar has proposed to raise its offer for common stock to $19 a share, after its previous offer of 17 dollars per share was matched by Seve...
- Essar set to raise Esmark offer
Essar Steel Holdings, part of the Essar group that is locked in a takeover battle with Severstal, on Friday said it was ready to increase i...
- Essar can still hope to win Esmark
Surely, the odds are mounting. But all is not lost for the Essar group that is facing a rival bid to acquire the US-based Esmark. World's T...
- Esmark staff union vows to block Essar, back Severstal
The workers’ union of Esmark - the US-based integrated steel maker that Essar is trying to acquire - has come out openly to oppose the Indi...
- Severstal agreement throws spanner in Essar bid
OAO Severstal has signed an agreement with Esmark’s main trade union, which satisfies the ‘successorship clause’. World's Top Billionaires ...
- Essar faces Russian roadblock in US acquisition
Another bidding war seems to be brewing in the steel sector with Indian conglomerate Essar group's $1.1 billion takeover offer for Esmark o...
- Battle for Hutch: Bids in, deal weeks away
Vodafone, Essar, RCOM put in bids ranging between $16-17 billion for 100% of the company.