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STEMCOR GROUP
JSW Techno Projects Management to acquire 49% shares BRPL in OdishaA JSW spokesperson clarified that “JSW Techno rojects Management is a promoter company and the acquisition is not being done by JSW Steel.”- Aditya Birla Group plans to acquire Stemcor’s India assetsThere is no guarantee that these discussions will result in a definitive transaction, according to the people cited earlier.
- JSPL leads race to buy Stemcor India business for over $1 billionSources with direct knowledge suggest that JSPL is leading the race to buy Stemcor's India business for a little over $1 billion.
- Going head-to-head for first time, JSW Steel and JSPL may bid for Stemcor's India assetsJSW Steel and Jindal Steel & Power Limited are expected to submit final offers on January 20, the last date for accepting bids.
- Stemcor extends time for Indian assets sale by about a monthStemcor Holdings has extended the deadline for selling its Indian assets by about a month as it has secured time till February-end from its...
- JSW Steel to raise $600 million from overseas marketThis will also reduce the interest outgo of the firm through reduction in average interest cost, he added.
- Tata, Essar, JSW Steel shortlisted to bid for Stemcor's India assetsEssel Mining and Bhushan Steel, which are also in the fray, will have to submit their final and "binding" bids by the third week of Novembe...
- JSW Steel may team-up with Noble Group for Stemcor dealSources with direct knowledge suggest that Sajjan Jindal’s JSW Steel may form an alliance with Hong Kong-based trading giant Noble Group to...
- Calcutta HC restrains Stemcor from selling India assetsStemcor was in the process of selling an iron ore mine and a pellet plant in Odisha as part of a bid to pare debt of $1.2 billion.
- Stemcor sets September 10 as deadline to put bids for Indian assetsProspective suitors, including the likes of Tata Steel and JSW Steel, eyeing UK-based Stemcor Holdings' Indian assets worth $ 800 million.
- Stemcor Holdings up for sale, Indian firms like Tata Steel, Jindal Group top contendersStemcor Holdings has a deadline of early December this year to conclude the deal process and pay back the debt of $900 mn to it’s lenders.
- Yet to hear from Stemcor on our EoI: Tata SteelTata Steel is yet to receive any communication from the British parent of the iron ore producer and pellet maker.
- Mines minister says Stemcor violated rules to buy mining rights; co rubbishes chargeState govt of Odisha has raised the red flag over the proposed sale of the Indian mining and steel-manufacturing operations of Stemcor Hold...
- Adani Group in race to buy Stemcor India assetsAdani Group is understood to have firmed up plans to take part in the auction of USD 800 million assets of Stemcor India.
- Essar Steel front-runner in race for Stemcor India's assetsRuais-promoted Essar Steel is the front-runner to clinch Stemcor India's assets for which at least a dozen domestic and overseas firms, inc...
- Stemcor's iron ore project in Odisha gets Rs 900 crore fundingA consortium of lenders led by IL&FS have agreed to provide funding to Stemcor, sparking hopes of a revival in lending to large mining proj...
- CARE assigns 'BBB' to debt programme of Electrosteel IntegratedCARE has assigned CARE BBB rating to both the proposed senior debt programme of Rs 3,271 crore and subordinated debt programme of Rs 446 cr...
- BRPL acquiring land for pelletisation plantUK's Stemcor group-promoted BRPL kicks off land acquisition for pelletisation plant.
- Stemcor looks to ramp up presence in IndiaStemcor, the world’s leading metals trading group, is in talks to double its stake in Delhi-based Mesco Steel from the current 10%.
- BR Nahar is Birla Corp's new CEOBirla Corporation’s board on Thursday appointed its executive president BR Nahar as its executive director & chief executive officer.
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