Usha Martin would stick to its wire rope business after exiting from steel.

The company agreed to sell its steel division to Tata Steel for Rs 4,300-4,700 crore in September and the board approved the decision last ...

"We are confident that TSIL will run the assets in the way they deserve to be administered and enhance the legacy," Jhawar said in a statem...

Usha Martin is committed to ensure that all sale proceeds are first applied to repayment of existing lenders, which will exhaust almost all...

Usha Martin founder Basant Jhawar and his son Prashant Jhawar in a statement said that there was no clarity on end-use of sale proceeds.

The petition alleged that two SBI officials had “acted in collusion and conspiracy" for “self aggrandisement and with ulterior motive and m...

The move is the latest episode in the ongoing feud between the two factions of the Jhawar family and complicates the debt recovery efforts ...

Basant Jhawar, 82, and his son Prashant Jhawar have filed complaints at the National Company Law Tribunal and the Calcutta High court in pu...

The company's total debt burden, including Rs 500 crore in working capital, stands at Rs 3,800 crore.

The total debt burden stood at Rs 3800 crore including Rs 500 crore in working capital.

A meeting had earlier been called Saturday to consider raising further equity through a private placement to promoters.

The resolution to strip Basant Jhawar of special powers and ousting his son was initiated at the behest of country’s largest bank, State Ba...

The meeting was called at the behest of State Bank of India (SBI), our largest lender, with a resolution seeking the removal of Prashant Jh...

The economy is picking up and demand from both auto and infrastructure sector is seen growing. That will help our steel business, Rajeev Jh...

However, Prashant Jhwar says board meet was in violation of compliance laws.

Chairman of Usha Martin Prashant Jhawar said that the specialised steel market was still subdued as demand was yet to pick up.

Usha Martin Ltd has posted a loss of Rs 9.68 crore in the last quarter of 2013-14 as compared to net profit of Rs 22.11 crore previous fisc...