Searched for
ZION STEEL
GFG Alliance faces potential collapse in UK but says it won’t hit India businessGFG, which runs smelters, mines and power stations around the world, had last month approached the UK government seeking an emergency bailo...- Liberty Steel ties up with European firms to build France's first hydrogen-based steel plantLiberty Steel Group is part of diversified GFG Alliance, which has a presence in India. Last year in February, GFG Alliance made a foray in...
- Liberty Group buys SBQ Steels in its second bankruptcy acquisitionLiberty paid Rs 262.45 crore plus interest of Rs 8 crore to take the Nellore based steel company, its second acquisition through the bankru...
- Liberty to begin due diligence of Thyssenkrupp's steel assets in EuropeIn October, the UK-based Liberty Steel had made a non-binding indicative offer to Thyssenkrupp to acquire the German steel major's assets i...
- Liberty Steel's Adhunik Metaliks resumes operationsAdhunik and Zion Steel were taken to the insolvency courts and had an admitted debt of around Rs 5,000 crore, according to court filings in...
- Sanjeev Gupta's Liberty Steel makes a non-binding offer to acquire ThyssenKrupp's Europe's steel business“With both transformation experience and an entrepreneurial approach, a possible combination of Liberty Steel and Thyssenkrupp Steel would ...
- GFG Alliance is keen on acquiring more stressed assets from India: Sanjeev Gupta"Over the next 6-12 months, there will be quite a lot of consolidation happening in the steel and mining sectors. We will be keenly reviewi...
- Sanjeev Gupta's GFG Alliance acquires Adhunik Metaliks and Zion SteelGupta's Liberty House was last in news over criminal charges for alleged breach of Amtek Auto resolution plan.
- Liberty House told to give details on Adhunik, Zion resolution planUK co gets one more chance after it failed to make full upfront payment for the two entities on time.
- NCLAT stays liquidation process against Adhunik MetaliksThis follows an appeal by Liberty House group. The latter had emerged the successful resolution applicant for Adhunik Metaliks.
- NCLT orders liquidation of Adhunik Metaliks, Zion SteelThe NCLT though rejected a plea by the committee of creditors to be allowed to consider the offer.
- Adhunik Metaliks debt plan may get a breatherThe RP for the debt-laden company is likely to tell the NCLT during a hearing on Tuesday to deduct up to 25 days from the deadline
- Lenders accept misra & sons’ bid for Orissa ManganeseThe others are Zion Steel, Adhunik Metalliks and Adhunik Alloy & Power. Ghanashyam Misra will retain debt of Rs 150 crore in the mining uni...
- Adhunik group company gets new life after NCLT orderThe corporate borrower has a mining lease at Patmunda Manganese Mines, which helps the company being run as a “going concern”, a key factor...
- Edelweiss ARC makes Rs 325 crore top bid for Orissa Manganese & MineralsEdelweiss ARC was the sole bidder for the other two companies – Zion Steel and Adhunik Metaliks.
- Adhunik Alloys gets four resolution plansThe four companies face claims totalling Rs 14,185 crore.
- NCLT gives extension to Adhunik companiesAdhunik Metaliks, Zion Steel, and Orissa Manganese and Minerals had failed to hammer out a debt resolution plan within the initial deadline...
- Insolvent Adhunik firms get 20 EoIsBinding bids for the resolution plans must be submitted in the next two weeks.
- Adhunik Metaliks gets board nod to convert Rs 5,100-crore debt into equityAML would increase the limit for creation of security in favour of lenders to Rs 5,500 crore.
- Adhunik group to divest up to 26% in Orissa Manganese and MineralsAdhunik group, with interests in mining, special automotive steels and power, has decided to divest up to 26% stake in group company Orissa...
Load More
