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Ruia family-owned Essar Oil and Gas will invest Rs 900 crore in drilling 150 more wells on its Raniganj CBM block in West Bengal.

ArcelorMittal assails NCLAT order in SC, reluctant to pay Rs 7,000 cr

NCLAT had asked ArcelorMittal to clear the stigma of defaulter by clearing the dues of its then subsidiaries.

13 Sep 2018 3:53 AM GMT

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 to hear tomorrow plea of ArcelorMittal against NCLAT order on Essar...

Anil Aggrawal's Vedanta is a third qualified bidder for Essar Steel.

11 Sep 2018 6:15 AM GMT

NCLAT amends order on Essar Steel, adds Darius Khambata as counsel

NCLAT had ruled that Numetal's Rs 37,000 crore second-round bid for Essar Steel is valid.

17 Sep 2018 9:48 AM GMT

CCI approves ArcelorMittal's acquisition of Essar Steel

The acquisition of Essar Steel is proposed to be undertaken through multiple steps.

20 Sep 2018 1:17 PM GMT

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)

Gujarat HC junks Essar Steel plea against RBI's order

Essar Steel was among 12 accounts that were identified for insolvency proceedings.

17 July 2017 12:05 PM GMT

Gujarat HC rejects Essar Steel plea against IBC circular

Earlier, HC had stayed insolvency proceedings against Essar Steel that was named among 12 major NPAs.

17 July 2017 11:21 AM GMT

Essar steel gets into defence manufacturing sector

Essar Steel's import substitute products have been used for construction of advance naval destroyers.

2 March 2017 10:42 AM GMT

SC reserves verdict on Essar's plea on power duty exemption

The state government had first refused Essar group's claims for duty exemption on electricity in 2003.

3 April 2017 12:51 PM GMT

The Code has defined time-frame for the resolution, the banker said, adding that 14-day time period has been given for admission or rejection of a case. (Representational image)

Essar Steel among RBI's 12 defaulters

Banks will move for insolvency proceedings in these 12 cases after due process defined under the Insolvency and...

17 Jun 2017 12:45 AM GMT

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)

Essar Steel eyes 25 pc market share in auto-grade steel segment

The company has developed new-generation crash resistant steel, high-strength cold rolled steel and dent-resistant...

25 Jun 2017 8:52 AM GMT

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)

Lenders take Essar Steel to NCLT

Bankers, led by IDBI Bank, will be meeting on Friday to decide on Bhushan Power & Steel which has been in default of Rs...

22 Jun 2017 11:07 PM GMT