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OSPIL
Capri Global enters the race for twin Srei companiesSrei administrator Rajnish Sharma reinvited expressions of interest by the end of September, while Capri Global submitted EoI on October 14.- Lenders of two Srei companies extend offer deadline by a monthAfter lenders restarted the sale process of Srei Equipment Finance and Srei Infrastructure Finance, administrator Rajnish Sharma had set a ...
- NCLAT stays order directing ArcelorMittal to pay Rs 1,300 crore to Odisha Slurry Pipeline Infrastructure“As an ad-interim the operation of the impugned order as regards making of payment by the Appellant (ArcelorMittal India) to ‘OSPIL’ by 15t...
- ArcelorMittal Nippon Steel India Q1 EBITDA at $140 millionAM/NS India received approval from NCLT Cuttak for its resolution plan for OSPIL.
- NCLT approves ArcelorMittal's Rs 2,360 cr bid for Odisha Slurry PipelineA two-member bench of the NCLT Cuttack gave a go ahead to the resolution plan of ArcelorMittal India, which had been approved by the Commit...
- ArcelorMittal to pay Rs 42,000 cr for Essar Steel takeoverThe NCLAT would continue to hear the Essar Steel insolvency case on May 21.
- 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.
- Odisha slurry: Banks may refuse Numetal’s offer to repay debtThe company asked banks “to confirm immediately the amount due as on April 30 and also confirm that immediately upon receipt of such payment
- NuMetal to take control of strategic pipeline of OdishaThe Mauritius-based investment vehicle has snapped a 70 per cent stake in OSPIL, which feeds raw material to Essar's Paradip steel plant.
- J&K Bank’s OSPIL, Essar Steel loan selloff may see aggressive ARC bidsBanks have made a claim of Rs 49,000 crore for Essar Steel and Rs 1,670 crore claim for OSPIL.
- Numetal Mauritius seeks lenders’ nod for Odisha slurry stake buyEssar Steel has received bids from Numetal Mauritius and ArcelorMittal.
- HC stays Odisha slurry pipeline stake saleThe ownership of the slurry pipelin is under dispute for the last two years.
- 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...
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