Steel

Tata Steel completes acquisition of bankrupt Bhushan Steel

19 May 2018

Tata Steel said on Friday it has completed the acquisition of a 72.7 per cent stake in bankrupt Bhushan Steel Ltd (BSL) for Rs35,200 crore, making the first acquisition of a stressed asset under the new Insolvency and Bankruptcy Code

ArcelorMittal deposits Rs7,000 cr with SBI to ensure eligibility for Essar

16 May 2018

The move to park about Rs7,000 crore in an escrow account of State Bank of India follows ArcelorMittal's bid for Essar Steel being questioned because of its past shareholding in loan defaulter Uttam Galva Steel

NCLT approves Tata Steel as the owner of Bhushan Steel

15 May 2018

The National Company Law Tribunal (NCLT) on Tuesday approved Tata Steel’s bid to take over debt-ridden Bhushan Steel

ArcelorMittal offers to pay off Uttam Galva's dues if it wins Essar Steel bid

03 May 2018

Essar Steel: Vedanta, Numetal offer to match best bids as lenders review bids

28 Apr 2018

Liberty House trumps Tata Steel with Rs18,500 cr upfront offer for Bhushan Power

28 Apr 2018

India renews high-grade iron ore supply contracts with Japan, South Korea

26 Apr 2018

Liberty House allowed to bid for Bhushan Steel, is sole bidder for ABG Shipyard

24 Apr 2018

NCLT directs Essar lenders to reconsider Arcelor, Numetal bids

21 Apr 2018

The NCLT order invalidates the second round of bidding for Essar Steel involving Vedanta and JSW Steel and opens the possibility of ArcelorMittal or Numetal winning the race for Essar Steel