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Arcelormittal India Private Ltd
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 12.02.21

Aditya to lead ArcelorMittal

Aditya Mittal has been elevated as the new chief executive officer of ArcelorMittal, signalling a transition at the top leadership of the world’s leading steelmaker. Prior to this position, Mit...
By Our Special Correspondent in Calcutta

Business  /  Published 30.12.20

SAIL seeks allies for auto grade steel

Steel Authority of India is exploring options to tie up with a Japanese or Korean steelmaker to make auto grade steel in India.  The move follows the collapse of tentative discussions with Laxmi...
By Our Bureau in New Delhi

Business  /  Published 27.07.20

Arcelor suit to get Hazira port licence

ArcelorMittal Nippon Steel India Ltd has filed a petition in the Gujarat high court against the Gujarat government and Essar Bulk Terminal Ltd seeking the transfer of the Hazira port licence in its na...
By PTI in Ahmedabad

Business  /  Published 16.12.19

Mittal starts Essar innings

ArcelorMittal and Nippon Steel has formed a 60:40 joint venture to own Essar Steel India even as the partners will have equal say in the management of the company.Aditya Mittal, president and CFO of A...
By Our Special Correspondent in Calcutta

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Business  /  Published 19.11.19

ArcelorMittal to complete Essar acquisition

Following the Supreme Court verdict on the Essar Steel resolution plan, global steel giant ArcelorMittal said it expects to complete the acquisition of the debt-ridden company by the end of this year....
By PTI in New Delhi

Business  /  Published 13.11.18

Fresh snag in Essar Steel resolution

Thirty operational creditors (OCs) having a cumulative exposure of around Rs 600 crore to bankrupt steel producer Essar Steel have moved the company law tribunal in Ahmedabad, potentially delaying the...
By Sambit Saha in Calcutta


Business  /  Published 29.01.19

NCLT bins Ruia bid for Essar Steel

Ruias live in hopeThe Ruias are hoping to challenge the NCLT order — and will be basing their argument on a ruling given by Supreme Court Justices R.F. Nariman and Navin Sinha in the case of Brillia...
By Sambit Saha in Calcutta

Business  /  Published 07.03.19

Arcelor to sell bonds for Essar Steel deal

ArcelorMittal will be raising $750 million through a bond flotation from which a part of the proceeds will be used to pay for the acquisition of Essar Steel India.Just a day before the National Compan...
By Our Bureau in Calcutta


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