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MITTAL CORP
ArcelorMittal Nippon Steel India gets first PM-SETU nod; Andhra Pradesh leads industry-driven ITI overhaulArcelorMittal Nippon Steel India secured the first Strategic Investment Plan approval under the Pradhan Mantri Skilling and Employability T...- India OMCs to pay discounted rates to refiners amid fuel price freezeIndian state-owned oil companies have decided to reduce the prices they pay refineries for petrol, diesel, and other fuels. This proactive ...
- Shyam Metalics arm gets NCLT nod to acquire Mittal CorpThe Indian bankruptcy court has approved the acquisition of steel maker Mittal Corp Ltd by Shyam Metalics and Energy Ltd. The successful bi...
- Deja vu for Lakshmi Mittal? Bidding war, national interest and a hostile unionArcelorMittal, the world's second-largest steelmaker, is said to be considering a bid for US Steel Corp, an American icon founded in 1901 a...
- NCLAT dismisses Jindal Stainless plea over Mittal Corp, asks to approach NCLTA two-member NCLAT bench observed the lenders of Mittal Corp were "empowered to issue fresh RFRP" when none of the resolution plans had bee...
- Phoenix ARC may sell Mittal Corp to Shyam SelPhoenix ARC is the largest debtholder after bank lenders sold their loans at a Swiss challenge auction for ₹405 crore last October. The loa...
- Shyam Metalics enters stainless steel business with Mittal Corp buyoutShyam Metalics said it has embarked on a ‘diversification approach’ in the metal space to chart the company’s growth journey and proposes t...
- Shyam Metalics climbs 9% after acquiring Mittal CorpWith the acquisition, Shyam Metalics added 1,50,000 tonnes per annum of stainless steel, wire rod and bar mill capacity. The company will i...
- Shyam Metalics to invest Rs 7,500 crore in 4-5 years, forays into stainless steel business"Mittal Corp's acquisition cost is about Rs 450 crore, and we outbid Jindal Stainless, the competitor for the sick asset put under the NCLT...
- NARCL declines to match Phoenix ARC's bid for Mittal CorpPhoenix's offer was 78% higher than the ₹228 crore from NARCL, and more importantly, it was on a full cash basis in contrast with the 85% s...
- Phoenix ARC makes highest offer of Rs 405 crore for Mittal Corp under Swiss auctionPhoenix ARC gave a Rs 405 crore bid for the bankrupt steel maker, against the anchor offer of Rs 228 crore from National Asset Reconstructi...
- NARCL gets going with its first offerNARCL has offered ₹228 crore for Mittal Corp debt held by public sector banks (PSBs) totalling ₹1,414.5 crore, people aware of the developm...
- Bidders for Mittal Corp challenge NCLT move to halt voting on plansJindal Stainless and Rimjhim Ispat have approached the National Company Law Appellate Tribunal (NCLAT) challenging the NCLT decision to per...
- Jindal Stainless Steel emerges highest bidder for Mittal CorpOnce the deal is concluded, it would be the first acquisition by Jindal Stainless Steel under the Insolvency and Bankruptcy Code. Ratan Jin...
- Vedanta, Welspun among 29 bidders in fray for Mittal CorpIn 2016, lenders had attempted to sell the company to a strategic buyer by converting its debt into 51% equity under the then prevailing st...
- Oriental Bank of Commerce drags Mittal Corp to NCLTOBC is the lead lender in a consortium of a dozen banks, including SBI and PNB among others, which has a collective claim of Rs 1,100 crore...
- PM to inaugurate Bhatinda refinery tomorrowPrime Minister will tomorrow inaugurate the $ 4-billion refinery built by a joint venture of HPCL and steel czar Lakshmi N Mittal's investm...
- Lakshmi N Mittal may float oil firmSteel czar Lakshmi N Mittal is mulling floating an oil and gas company as part of his inorganic growth path for achieving bid in the hydroc...
- ArcelorMittal to double investments in IndiaThe company plans to build a plant each in Orissa & Jharkhand. Each plant will have a capacity to produce about 10 million tonnes of steel ...
- Mittal loses Nigeria refinery bidIndia-born billionaire Lakshmi Niwas Mittal, who wants to make it big in oil after forming the world's largest steel empire, has lost a bid...
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