CarVal pays Rs 500-cr bank guarantee for Uttam Galva firmsThe two companies- Uttam Value Steels and Uttam Galva Metallics owe more than Rs 6,000 crore to a clutch of lenders.
04 May, 2019, 08.24 AM IST
ArcelorMittal deploys team to oversee Uttam Galva operationsArcelorMittal, the world’s largest steelmaker, became the sole financial creditor of Uttam Galva after paying off outstanding dues of about...
27 Nov, 2018, 11.37 PM IST
Banks led by SBI had asked ArcelorMittal to clear dues of two firms: NuMetal to SCA bench of Justices R F Nariman and Indu Malhotra took note of the submissions with a word of caution saying the charges and counter-charge...
19 Sep, 2018, 09.51 PM IST
ArcelorMittal says it sold stake in Uttam Galva before Essar Steel bidWhile ArcelorMittal was disqualified on technical grounds that its declassification was not notified on the stock exchanges at the time of ...
30 Mar, 2018, 08.38 AM IST
NCLT defers hearing in ArcelorMittal, Numetal plea over Essar Steel bid rejectionBoth ArcelorMittal and Numetal have moved the NCLT challenging the rejection of their bids for Essar Steel.
27 Mar, 2018, 03.15 PM IST
Lenders set to name PwC as admin for Uttam companiesUttam Galva Metallics has outstanding dues of Rs 9,500 crore.
05 Jan, 2018, 10.46 AM IST
SBI led banks' consortium launches probe into suspected financial irregularities at Uttam Galva SteelsThe probe may impact discussions that the company’s promoters, the Miglani family, are having with Aion Capital as well as China’s Tidfore ...
01 Mar, 2017, 01.28 AM IST
- Uttam Galva raises Rs 76 crore from Albula Fund via QIP route
Uttam Galva Steels today said it has raised Rs 76.14 crore through placement of shares to Mauritius-based Albula Investment Fund.
04 Apr, 2013, 07.52 PM IST
No proposal from ArcelorMittal to buy more stake: Uttam GalvaUnconfirmed reports had said that the world's largest steel maker ArcelorMittal was planning to buy out the Miglani family's entire stake i...
31 Jan, 2013, 03.39 PM IST
- Uttam Galva acquires Lloyds Steel, to invest Rs 380 crore more
Uttam Galva group has acquired majority stake of about 58.35% in ailing Lloyds Steel and plans to invest additional Rs 380 crore.
19 Nov, 2012, 08.40 AM IST
- ArcelorMittal hikes stake in Uttam Galva to 34.42%
Billionaire L N Mittal-led steel maker has acquired 3.52 crore shares from the open market at a price of Rs 120 a piece, aggregating to Rs ...
01 Feb, 2010, 01.33 PM IST
- Regulatory hurdles may delay ArcelorMittal's open offer
Pending regulatory clearances may delay ArcelorMittal's acquisition of additional stakes in Uttam Galva through an open offer, although the...
29 Oct, 2009, 01.40 PM IST
‘We can ensure Uttam Galva reliable raw material supply’ArcelorMittal group management board member and one of the longest-serving executives at the group, Sudhir Maheswari, outlines the rational...
08 Sep, 2009, 01.53 AM IST
- Miglani family member picks up 12 lakh Uttam Galva shares
A member of Miglani family, promoter of steel maker Uttam Galva, has bought 12 lakh shares of the company for Rs 15 crore through open mark...
07 Sep, 2009, 10.05 PM IST
Uttam Galva not opposed to merger with ArcelorMittalUttam Galva, a leading producer of cold rolled steel, galvanized products and colour coated coils and sheets, is looking at technological a...
07 Sep, 2009, 08.00 PM IST
Uttam Galva surges on ArcelorMittal stakeUttam Galva Steels hit the upper circuit limit after ArcelorMittal Netherlands had taken a stake in the Indian steel maker and has become a...
07 Sep, 2009, 10.47 AM IST
ArcelorMittal buys stake in Uttam Galva SteelsUttam Galva has capacity to produce 750,000 tonnes a year of galvanised steel and 1 million tonnes a year of hot and cold rolled coils.
05 Sep, 2009, 06.40 AM IST