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UTTAM VALUE STEELS
Evonith Steel raises Rs 1,700 crore to repay bondholdersEvonith Steel has secured Rs. 1700 crore from multiple banks, including Standard Chartered and JP Morgan, to repay existing creditors and e...- Nithia Capital and CarVal Investors complete acquisition of stressed assets of Uttam Group for ₹2,000 croreOn May 6th of 2020, a monitoring agency was formed, in which successful resolution applicants Nithia and CarVal along with two members from...
- Metal giants in race for Uttam GalvaMittal has the highest exposure to Uttam Galva’s liabilities of Rs 9,742 crore, followed by other financial and operational creditors.
- Nithia Capital to close Uttam deal by end of October, has identified a new management team: CEO Jai Saraf“We are making full efforts to close the transaction by the end of this month. Once we close the transaction, our new team will go in,” Jai...
- NCLT approves resolution plan for stressed companies of Uttam GalvaBids were submitted by CarVal Investors and Nithiya Capital Resources Advisors. The resolution plans involve settlement to financial credit...
- Banks approve Rs 2,400-crore resolution plan for steel assets of Uttam GalvaTwo people aware of the resolution plan said the offer includes equity commitment of Rs 100 crore. Of the total amount, about Rs 650 crore ...
- 20 days more for resolution of Uttam GalvaThe 270-day resolution deadline for the companies is to expire this Wednesday, with lenders still to take a final call on the two bids that...
- Uttam Value Steels & Galva Metallics get new bids from CarVal consortiumCarVal Investors, the investment arm of US-based agri group Cargill, has bid for the assets along with Asset Reconstruction Company (India)...
- Fresh bids invited for Uttam Value & MetallicsThe twin assets include a 1-mn-tonne hot-rolled production capacity of Uttam Value Steels at Wardha in Maharashtra.
- SSG Capital Management-New Zone consortium bids for Uttam Value, Galva MetallicsSSG Capital Management, founded by ex-Lehman Brothers executives, has bid for the twin assets together with Synergy Metals and Mining Fund ...
- JSW Steel unlikely to bid for Uttam Value, Galva MetaliksJSW Steel has been categorical about not exceeding its net debt to EBITDA ratio beyond 3.75x.
- Sarda Energy may bid with SSG for 2 units of Uttam Galva SteelsThe flagship company of the Sarda Group of Industries, SEM is a listed steel producer based in Raipur, Chhattisgarh, specialising in making...
- List of resolution applicants for Uttam Value, Uttam Galva metallics growsAPL Apollo had also submitted an EoI for Uttam Value Steels alone but was not identified as an eligible resolution applicant.
- JSW Steel, 3 others eye Uttam Galva companiesAPL Apollo, meanwhile, has shown interest in buying Uttam Value Steels.
- NCLT rebukes SBI for "lackadaisical approach"Earlier in December last year, SBI filed an insolvency petition against Uttam Value Steels Ltd, a company engaged in manufacturing various ...
- Uttam Value Steels gets green nod for Rs 3,325-crore expansionAs per the proposal, the company will expand the capacity of steel plant from one MTPA to two MTPA in Wardha district of Maharashtra.
- Uttam Value Steels bags National Energy Conservation Award 2014National Energy Conservation Award is a program set up by the Bureau of Energy Efficiency, a statutory body under the ministry of power.
- Uttam Value Steels swings to profit in Q4Uttam Value Steels reported its first-ever profit in many quarters, at Rs 17.74 crore for the January-March period 2013.
- Lloyds Steel renamed as Uttam Value SteelsAfter acquiring majority stake in Lloyds Steel, Uttam Galva today said it has got necessary approvals to rename the entity as Uttam Value S...
- Lloyds Steel to be renamed as Uttam Value SteelsLoss-making Lloyds Steel, in which Uttam Galva group had acquired 58.35 per cent stake in December, has decided to rename itself as Uttam V...
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