JSW seeks fresh round of bidding for Essar SteelTue, 24 Apr 2018 00:00:00 GMT
The NCLT directed the resolution professional (RP) to place before the CoC the first round of bids from Numetal and ArcelorMittal.
Thyssenkrupp: JV with Tata Steel to be finalised by 2018-endThu, 19 Apr 2018 00:00:00 GMT
Both the companies in September last year had announced plans to combine their European operations and form an equal joint venture, creating Europe's second largest steel maker, after ArcelorMittal.
JSW Steel's bids have stood the test of scrutiny, unlike ArcelorMittal's ...Thu, 12 Apr 2018 00:00:00 GMT
The company's joint MD and Group CFO was responding to ArcelorMittal's allegation that JSW Steel was making a 'mockery' of the IBC.
Global Dry Construction Material Market by 2023: Knauf, BaoWu ...Mon, 09 Apr 2018 02:51:00 GMT
Kobelco The Columnist Global Non-Grain Oriented Electrical Steel Market by 2023: ArcelorMittal, TISCO, Shougang Group, Baowu and JFE Steel The Financial
Essar Steel case: NCLT reserves order, stay on opening of bids ...Fri, 06 Apr 2018 00:00:00 GMT
The Ahmedabad bench of the NCLT has reserved its order after the arguments from all the parties concluded today in the Essar Steel bankruptcy case. In the last lap of arguments today, Numetal and ArcelorMittal, both in the race to acquire the bankrupt Essar Steel, once again tried to convince the tribunal over their disqualification by the resolution professional (RP), claiming that rules have been followed before submitting their bids. After taking into consideration the views of both the bi...
New report: Steel rebars market analysis to 2022Wed, 04 Apr 2018 15:13:00 GMT
This Report Covers Market Segment by Manufacturers: ArcelorMittal,Hebei Iron and Steel,Baowu Group,Jiangsu Shagang,Sabic Hadeed,EVRAZ,Nucor,Riva Group,Emirates Steel,SteelAsia,Qatar Steel,Mechel,Jianlong Iron and Steel,Tata Steel,NLMK Group,Celsa Steel ...
Essar Steel auction: ArcelorMittal puts in bid, along with Japan's ...Mon, 02 Apr 2018 00:00:00 GMT
Numetal and Vedanta also place their bids. Opening of bids deferred till Numetal and ArcelorMittal's pleas to NCLT are cleared
Essar Steel auction: Allegations mount ahead of second round ...Mon, 02 Apr 2018 00:00:00 GMT
Uttam Galva's minority shareholders write to lenders against ArcelorMittal; the world's largest steelmaker terms it as trivial matter.
3-way fight for Essar Steel: ArcelorMittal, Vedanta and NuMetal-JSW ...Mon, 02 Apr 2018 00:00:00 GMT
A grouping led by world's biggest steelmaker ArcelorMittal, mining mogul Anil Agarwal-led Vedanta and a consortium of Russia's VTB Capital-backed NuMetal and JSW put in bids to takeover bankrupt Essar Steel in the second round of bidding today. Numetal's bid was disqualified in the earlier bidding process as Rewant Ruia who holds a share in the consortium is a related party and was seen as an attempt by the Ruias to gain hold of Essar Steel.
Uttam Galva minority shareholders move SAT against promoter declassification ...Wed, 28 Mar 2018 00:00:00 GMT
On March 24, the Lakshmi Mittal company had got clearance from market regulator SEBI and the two exchanges on its plea to remove the promoter tag
Trump's Steel Tariff Prompts EU to Probe Global Trade DiversionTue, 27 Mar 2018 06:21:59 GMT
(Bloomberg) -- The European Union took the first step toward protecting EU-based steel manufacturers such as ArcelorMittal and Thyssenkrupp AG (DE:TKAG) from any surge in imports resulting from a...
Essar steel insolvency: NCLT refuses to defer April 2 re-bidding ...Tue, 27 Mar 2018 00:00:00 GMT
The Ahmedabad bench of the National Company Law Tribunal (NCLT) today refused to defer the second round of bidding for the bankrupt Essar Steel that is closing on April 2, as requested by Numetal after the bankers allowed the petitioner along with the other bidder ArcelorMittal can participate in the rebid with some riders. The NCLT refused to defer the re-bidding date after the committee of creditors (CoC) of Essar Steel, that owes over Rs 45,000 crore to them, told the tribunal that both Ar...
Essar Steel: ArcelorMittal drags bankers' rejection to NCLTMon, 26 Mar 2018 00:00:00 GMT
The bankers had met on March 23 in Mumbai and had rejected ArcelorMittal's bid along with that of Numetal - the only two bidders for the crippled 10-million tonne Essar Steel assets at Hazira in Gujarat - citing technical issues.
Essar Steel insolvency: Numetal, ArcelorMittal move NCLT on bid ...Mon, 26 Mar 2018 00:00:00 GMT
The battle for Essar Steel entered into a decisive legal phase with Arcelor Mittal, one of the two original bidders, deciding to file an application at the NCLT Ahmedabad challenging the March 23 decision of the resolution professional declaring its bid as ineligible. Arcelors rival bidder Numetal Mauritius, a consortium led by Russias VTB Bank, which too was disqualified, had earlier approached the NCLT on March 20 to reinforce its eligibility.
NCLT advances Essar Steel hearing to TuesdaySun, 25 Mar 2018 00:00:00 GMT
SSG Capital, Numetal, Arcelor-Mittal, Vedanta Resources, Tata Steel and Nippon are among the six entities that initially showed interest in acquiring the steel company owned by the Ruia family.
Number of news reports: 15