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ARCELORMITTAL CAPEX
Steel giants step on capex pedalJSW, Tata, SAIL, JSPL are set to hike capex up to 65%; spending surge defies West Asia cost pressures.- ArcelorMittal Q1 Results: Net income falls over 73% to $1,096 millionArcelorMittal, the world's largest integrated steel and mining company, reported a 74.43% YoY fall in net income at USD 1.1 billion for the...
- Anil Agarwal-led Vedanta looks to sell Electrosteel and exit steel businessWants to focus on core mining, industrial, cut debt; AMNS, JSW, Jindal Steel & Power, Tatas tapped. Anil Agarwal seeks Rs 10.5K-Rs 12Kcr Va...
- Tata Steel outlays Rs 3,000-crore capex for Europe biz, not looking for buyer now"For (financial year) 2022, we have guided that our capex will be...Rs 3,000 crore for Europe. It is more for sustenance capex, environment...
- As outlook for economic activity brightens: India Inc building capex muscle for heavy liftingCapacity expansion, deferred capex from last year and investments driven by the government’s production-linked incentive scheme will be the...
- ArcelorMittal Q2 results: Firm posts $559 million net lossThe world's largest steelmaker had clocked a net loss of USD 447 million in the year-ago quarter, the company said in a statement.
- ArcelorMittal Nippon Steel India Q1 EBITDA at $140 millionAM/NS India received approval from NCLT Cuttak for its resolution plan for OSPIL.
- Internal accruals to play a big part in former Essar Steel’s Rs 18,697-crore capex planThe capex will be implemented over the medium term and it will be largely self-funded out of AMNS India’s internal accruals as the unit is ...
- Vying for steel assets: Did Arcelor really pay more for Essar Steel?Going by that valuation yardstick, it might not be incorrect to say that even JSW Steel could be overpaying for Bhushan’s assets.
- ArcelorMittal plans to build 3-6 mtpa steel plant at ParadipIn the first stage the plan envisages raising the capacity to 6.5 mt by 2019-20 on the back of efforts to rapidly restore current assets to...
- ArcelorMittal sees capex rising to USD 3.8 bn in 2018ArcelorMittal has already announced a major USD 1 billion investment programme for its Mexican operations, which are focussed on building A...
- Made strong bid for Essar Steel: Lakshmi Mittal"We see opportunity in Essar, that is why we put in our bid,” the company's chairman and CEO said in an interaction with TOI.
- ArcelorMittal posts marginal rise in Q3 profit to $1.92 billionSales of the Luxembourg-based company rose 21.4 per cent to USD 17.63 billion in July-September.
- Turbulence-hit ArcelorMittal may change investment direction in IndiaGlobal commodity price deflation amid slow demand means big investments in steel and manufacturing will take a long time to happen.
- ArcelorMittal's Q1 net loss comes down to $0.205 billionThe company, headed by NRI billionaire Laxmi N Mittal, had clocked $0.345 billion net loss in the January-March quarter of the last year.
- ArcelorMittal says US buy won't impact $15 billion debt targetThe company estimates net debt of $17 billion by the end of 2013, falling to $15 billion in the medium term.
- AreclorMittal Q2 net income dips 10% to $1.5 bnArcelorMittal on Wednesday reported a 10 per cent dip in net income for the second quarter ended June 30, 2011.
- Galvanised steel price likely to rise by Rs 500-1,000: MiglaniPrices of domestic galvanised steel products are likely to rise by another Rs 500-1,000 per tonne over the next two-months.
- ArcelorMittal looks to spin off stainless steel unitArcelorMittal plans to spin off its stainless steel unit to the parent’s shareholders, signalling the failure of years of talks among produ...
- Uttam Galva Steels mulls Rs 500-cr capex over two yearsMumbai-based Uttam Galva Steel, plans a capex of Rs 300-500-crore over the next 2-years, a top company official said.
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