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Essar Steel India Limited
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 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 07.05.21

AM/NS profit jumps

AM/NS India, formerly Essar Steel, has recorded a nearly three-fold jump in underlying profitability during the January-March quarter in line with its peers in the industry. The company recorded $403...
By Our Special Correspondent in Calcutta

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

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

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Business  /  Published 04.02.19

Advantage JSW in Bhushan Power race

Essar Steel caseThe National Company Law Appellate Tribunal on Monday directed the NCLT’s Ahmedabad bench to take a final decision on ArcelorMittal’s Rs 42,000-crore resolution plan for Essar Stee...
By Our Special Correspondent in Calcutta

Business  /  Published 15.03.19

Essar lenders refuse dues cut

The committee of creditors of Essar Steel has said it will legally challenge suggestions made by the Ahmedabad bankruptcy court and the New Delhi-based appellate tribunal to set aside a certain sum fr...
By 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 25.10.18

Ruias spring counter-bid for Essar Steel

The Ruias of the Essar Group on Thursday lobbed a surprise, unsolicited bid valued at Rs 54,389 crore seeking to pay all classes of creditors of the troubled Essar Steel and take the steel maker out o...
By Our Special Correspondent in Calcutta

Business  /  Published 24.10.18

Mittals face German hurdle in Essar bid

ArcelorMittal’s bid to win Essar Steel has run into a German hurdle with Deutsche Bank on Wednesday demanding that the Lakshmi Mittal company pay it back $14 million, or Rs 100 crore, that Uttam Gal...
By Sambit Saha in Calcutta


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