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ArcelorMittal, Numetal get extra time to revise Essar Steel bidsTo become eligible, ArcelorMittal will have to repay the dues of Uttam Galva and KSS Petron, two defaulting companies in which it had stake...- After NCLT order, Essar Steel lenders to decide on status of Numetal, Ruia contentionNumetal sources said the court order implies that the lenders’ committee will have to consider the original bid by the consortium, in which...
- Essar Steel rebidding: JSW only an investor in Numetal India arm, not a resolution applicantJSW has come on board Nu Metal & Steel, a drop-down subsidiary of Numetal Mauritius, as an “investor” with a 25% stake.
- SSG Capital may be dark horse in race for Essar SteelEssar's Committee of Creditors has allowed all those who had submitted EoIs — such as SSG , Vedanta and the Tatas —to bid, thus increasing ...
- ArcelorMittal moves NCLT against Resolution Professional over rejection of Essar Steel bidEssar’s Committee of Creditors (CoC) decided to invite bids from all those who had submitted EoIs before April 2.
- NCLT advances Essar Steel hearing to TuesdaySSG Capital, Numetal, Arcelor-Mittal, Vedanta Resources, Tata Steel and Nippon are among the six entities that initially showed interest in...
- ArcelorMittal set to take part in Essar Steel rebidEssar Steel’s committee of creditors (CoC) had rejected ArcelorMittal’s bid — and that of rival Numetal — for failing to pass test criteria...
- Numetal moves NCLT after ‘ineligible’ bid for Essar SteelNumetal, which is part owned by Russian firm VTB, moved the Ahmedabad bench of the NCLT. The tribunal will hear the matter on April 4 .
- Essar Steel to see new round of bidding after Numetal, ArcelorMittal's bids are declared ineligibleThe committee of lenders discussed the option of going for a second round of bidding as both Numetal's and ArcelorMittal's bids were held i...
- Numetal approaches NCLT to reinforce its eligibility to bid for Essar SteelThis was in view of various news reports suggesting that the Resolution Professional of Essar Steel has been advised that Numetal is not el...
- ArcelorMittal forms a JV with Nippon for Essar SteelUnder the agreement, both companies are poised to jointly acquire the Ruia family's steelmaking asset in Hazira, Gujarat, if ArcelorMittal ...
- Tyazhpromexport looks to turn the corner, to harness tech knowledge bankTPE experts will be roped in to help ensure faster execution of the projects lying incomplete at Hazira and also to monitor an early restar...
- Russian companies offer $2 billion credit line for Pakistan energy and steel sectorsSenior executives of the Russian bank Vnesh-TorgovBank (VTB) met Ishaq Dar and offered a credit line of $1 billion for energy projects in P...
- Russia bundles Imperial buy with SAIL ordersWith Russian President Dmitry Medvedev visiting India next week, Moscow is building pressure on New Delhi for Russian companies getting ass...
- PM to flag off IISCO's Rs 9,600-cr project on Dec 24The 9,600-crore expansion and modernisation programme of IISCO Steel Plant (ISP) at Burnpur is set to become a reality, at last.
- Hindalco joins race for Afghan copper depositHINDALCO Industries has bid for rights to develop Afghanistan’s Aynak copper deposits, which has proven reserves of 240 million tonnes.
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