Business  /  Published 21.01.22

NCLAT order favours ArcelorMittal

A bench of National Company Law Appellate Tribunal has upheld the sale of Orissa Slurry Pipeline Infrastructure Ltd to ArcelorMittal India Pvt Ltd, dismissing appeals filed by entities linked to Srei ...
By Our Special Correspondent in Calcutta

Business  /  Published 19.12.21

Odisha clears Arcelor plan

⚫ Plan is to set up a 24 million tonnes per annum integrated steel plant at Mahakalpara block of Kendrapara district at an investment of Rs 1,02,275 crore. ⚫ With this project, Odisha has garnere...
By Subhashish Mohanty in Bhubaneswar

Business  /  Published 29.11.21

AMNS maps out expansion plan

AMNS India, the joint venture between ArcelorMittal and Nippon Steel, is on the cusp of a major breakout. The company, which owns and operates the erstwhile Essar Steel plant, is taking up a Rs 12,000...
By Sambit Saha

Business  /  Published 12.11.21

Record Tata Steel profit

Tata Steel Group achieved its highest ever quarterly profit of Rs 12,548 crore during the July-September quarter on the back of an improved performance by the European business. Its consolidated net ...
By Our Special Correspondent in Calcutta

Business  /  Published 05.11.21

Costly coking coal hurts steel

Runaway coking coal prices coupled with a limited scope to raise prices may keep margins under pressure for Indian steelmakers using the blast furnace route to produce the metal. Companies who have a...
By Sambit Saha in Calcutta


Business  /  Published 24.08.21

RINL on radar of Arcelor Nippon Steel

Arcelor-Mittal-Nippon Steel India is planning to bid for state-owned steel maker Rashtriya Ispat Nigam Limited (RINL)  — which has already attracted the interest of Tata Steel, according to...
By PTI in New Delhi

Business  /  Published 30.07.21

Arcelor-Nippon Steel PAT rises 50%

ArcelorMittal Nippon Steel (AM/NS) India, formerly Essar Steel Ltd, has reported a 50 per cent jump in earnings for the second quarter of 2021 at $607 million (Rs 4,500 crore) compared with the p...
By Our Special Correspondent in Calcutta

Business  /  Published 10.05.21

AM/NS drill for Odisha steel plant

ArcelorMittal Nippon Steel India along with the Odisha government has initiated a feasibility study for its proposed 12-million-tonne per annum (mtpa) integrated steel plant in the Kendrapara district...
By PTI in New Delhi

Business  /  Published 30.03.21

Big three eye Neelachal

The Tatas, Mittals and the Jindals are in the fray to acquire public sector Neelachal Ispat Nigam Ltd (NINL) via a centrally sponsored divestment programme. Monday was the cut off to submit an express...
By Sambit Saha in Calcutta

Business  /  Published 05.03.21

Rs 50,000cr: a plan for Odisha

ArcelorMittal Nippon Steel (AM/NS) India has reached an understanding with the Odisha government to set up a 12-million tonne plant in the state at an investment of Rs 50,000 crore, as the world&rsquo...
By Sambit Saha, Subhasish Mohanty in Calcutta


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