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While Bhushan Steel is in default of Rs 44,478 crore to banks, Essar Steel owes Rs 37,284 crore and Electrosteel Steels Rs 10,273.6 crore. (Representational image)

ArcelorMittal team visits Essar Steel, Bhushan Steel plants

ArcelorMittal is among top industry players, including Tata Steel, that have submitted bids to acquire the debt-ridden...

22 Nov 2017 3:37 PM IST

Chief executive Lakshmi Mittal of ArcelorMittal.

ArcelorMittal's focus on other assets may hit $1 billion Indian JV

ArcelorMittal and SAIL signed their preliminary agreement in 2015 but there has been little progress due to disputes...

26 Sept 2017 5:48 PM IST

ArcelorMittal India Pvt Ltd submitted a plan to Indias NCLT, which deals with insolvency and company disputes, on Feb 12 to bid for Essar Steel in partnership with Nippon Steel.

ArcelorMittal wins bids to buyout Essar Steel

ArcelorMittal has been chosen by lenders to takeover debt-laden Essar Steel for about Rs 42,000 crore.

26 Oct 2018 1:30 PM IST

Ruias offer Rs 54,389 crore to retain Essar; ArcelorMittal opposes

The fresh offer for settlement by Essar Steel has been made under Section 12A of the IBC.

26 Oct 2018 10:15 AM IST

ArcelorMittal India Pvt Ltd submitted a plan to Indias NCLT, which deals with insolvency and company disputes, on Feb 12 to bid for Essar Steel in partnership with Nippon Steel.

ArcelorMittal signs pact to sell 4 European steel plants to Liberty...

The acquisition more than doubles Liberty's global metal manufacturing capacity.

12 Oct 2018 3:41 PM IST

ArcelorMittal India Pvt Ltd submitted a plan to Indias NCLT, which deals with insolvency and company disputes, on Feb 12 to bid for Essar Steel in partnership with Nippon Steel.

SC grants one more opportunity to ArcelorMittal, NuMetal to bid for...

Top court asked Committee of Creditors to take a decision within 8 weeks on rival bids of NuMetal and ArcelorMittal for...

4 Oct 2018 11:38 AM IST

Essar Steel promoters, however, wanted the CoC to consider their offer as it offered maximum value to all stakeholders and cannot be ignored citing some process lacunae.

New offer by Essar Steel promoters not maintainable'

Banks and other creditors have total debt exposure of close to Rs 49,000 crore in the company.

29 Nov 2018 11:02 AM IST

PNGRB last week gave GAIL four more years till February 2019 to complete the 1104-km Kochi-Koottanad-Bangalore-Mangalore natural gas pipeline.

GAIL move NCLT seeking rejection of ArcelorMittal bid for Essar Steel

Operational creditors, under the plan, are to get just Rs 214 crore against the outstanding of Rs 4,976 crore.

19 Nov 2018 1:50 PM IST

ArcelorMittal India Pvt Ltd submitted a plan to Indias NCLT, which deals with insolvency and company disputes, on Feb 12 to bid for Essar Steel in partnership with Nippon Steel.

ArcelorMittal Q3 net income declines 25 pc to USD 0.9 billion

The company's gross debt was at USS 13.0 billion as of September 30, 2018.

1 Nov 2018 2:56 PM IST

Chief executive Lakshmi Mittal of ArcelorMittal

ArcelorMittal posts over two-fold jump in Q4 profit

Company reported two-fold rise in net income to USD 4.568 billion from USD 1.779 billion in 2016.

31 Jan 2018 3:38 PM IST

Essar Steel case: NCLAT to hear NuMetal, ArcelorMittal petition

The NCLAT took up the petitions on a day when a panel of lenders to Essar Steel is slated to meet to decide if fresh...

27 April 2018 12:15 PM IST

NCLT declares rebid for Essar Steel invalid

Essar Steel owes around Rs 49,000 crore to banks, is the biggest asset on the block right now.

20 April 2018 9:31 AM IST