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Moodys Investors Service on Monday termed mining giant Vedantas acquisition of bankrupt Electrosteel Steels through insolvency process as \credit positive\, saying the move would augment the formers business profile and revenue generation.Business
Vedanta's acquisition of Electrosteel credit positive: Moody's

The move would augment the former's business profile and revenue generation.

23 April 2018 7:18 PM IST

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)Business
NCLT okays Electrosteel's Resolution plan

The Reserve Bank in 2017 to get resolved under the Insolvency and Bankruptcy Code.

18 April 2018 7:22 AM IST

The State Industries Promotion Corporation of Tamil Nadu (SIPCOT) land was allotted by the state government to Vedanta Sterlite for the second copper smelting plant. (Photo: PTI)Business
Working with authorities to restart Tuticorin plant, says Vedanta

In April, the Tamil Nadu pollution control board rejected Sterlite's plea to renew the Consent To Operate.

27 July 2018 4:58 PM IST

The government on Wednesday said Indias prospects to become a top steel exporter depends on a range of factors, including competitiveness and demand, and will not be impacted by the trade barriers the US has put on imports.Business
NSE imposes Rs 1 crore penalty on Electrosteel Steels

The penalty was imposed for non-compliance with Regulation 33 of the LODR Regulations.

6 July 2018 1:32 PM IST

Moodys Investors Service on Monday termed mining giant Vedantas acquisition of bankrupt Electrosteel Steels through insolvency process as \credit positive\, saying the move would augment the formers business profile and revenue generation.Business
Vedanta asks NCLAT to lift stay over Electrosteel sale status quo

Renaissance has submitted before NCLAT that Vedanta is not eligible to bid for Electrosteel under section 29 A.

28 May 2018 5:25 PM IST

Moodys Investors Service on Monday termed mining giant Vedantas acquisition of bankrupt Electrosteel Steels through insolvency process as \credit positive\, saying the move would augment the formers business profile and revenue generation.Business
Lenders to get 7.6 pc in Electrosteel after Vedanta takeover

Company officials said the shareholder approval and the legal challenge are two separate things which can go parallelly.

3 May 2018 1:51 PM IST

The government on Wednesday said Indias prospects to become a top steel exporter depends on a range of factors, including competitiveness and demand, and will not be impacted by the trade barriers the US has put on imports.Business
Electrosteel allots shares worth Rs 7,400 crore to lenders

The company had yesterday spelled out steps to be taken for completion of its takeover by Vedanta Star Ltd.

6 Jun 2018 1:50 PM IST

Tamil Nadu govt this week ordered the state Pollution Control Board to seal and \permanently\ close the Vedanta groups copper plant in Tuticorin.Business
Vedanta deposits Rs 5,320 cr in Electrosteel Steels escrow account

The company has acquired control over ESL and a new board of directors has been put in place.

5 Jun 2018 9:39 AM IST

SBI Cards is also in the process of speeding up customer acquisition process by reducing the delivery period so that more and more people are added to the network.Business
SBI files insolvency against Electrosteel at NCLT

The move comes amid SBI and other lenders starting insolvency proceedings against the 12 bad loan accounts identified by...

29 Jun 2017 2:57 PM IST

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