Arcelormittal India Private Ltd
Business  /  Published 08.03.20

Amid coronavirus crisis, ArcelorMittal fears impact on profit margins

Amid the deepening coronavirus crisis across the world, global steel giant ArcelorMittal has expressed apprehensions of its sales and profitability getting impacted in 2020 in case the virus spreads w...
By PTI in New Delhi

Business  /  Published 04.10.18

ArcelorMittal, Numetal get another shot at Essar

The Supreme Court on Thursday directed rival claimants ArcelorMittal India Private Ltd (AMIPL) and Numetal to clear their overdue loans linked to non-performing assets within two weeks to become eligi...
By R. Balaji & Sambit Saha in Calcutta

Business  /  Published 03.03.20

Arcelor-Nippon bags two key assets

AM/NS India (formerly Essar Steel) has managed to scoop up two backend infrastructure units that are key to the long-term viability and smooth operation of the steel plant at Hazira.The company, a 60:...
in Calcutta

Business  /  Published 23.12.19

Mittals to sell 50% in ship unit to DryLog

ArcelorMittal is going to offload a 50 per cent share of its shipping business to DryLog Ltd in a bid to cut debt, the deal coming close on the heels of the $5.7-billion acquisition of Essar Steel in ...
By Our Special Correspondent in Calcutta

Business  /  Published 08.05.20

Arcelor posts $1.1bn loss

ArcelorMittal on Thursday reported a net loss of $1.1 billion for the first quarter ended March 31, 2020 amid the coronavirus crisis. The world’s largest steel maker had posted a net income of $0.4 ...
By Our Special Correspondent in Calcutta


Business  /  Published 06.02.20

Arcelor paid $1.6bn for Essar Steel

ArcelorMittal spent $1.6 billion (Rs 11,360 crore) to acquire Essar Steel India Ltd in partnership with Nippon Steel, the company disclosed on Thursday.Announcing the fourth-quarter and full-year resu...
By Our Special Correspondent in Calcutta

Business  /  Published 28.11.18

Creditors fail to see merit in Essar offer

The committee of creditors of bankrupt Essar Steel argued before the Ahmedabad bench of the National Company Law Tribunal that the settlement offer made by the company’s existing promoter group was ...
By Our Special Correspondent in Calcutta


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