New Delhi, Dec 16 The State Bank of India (SBI), the lead banker of the bankrupt Essar Steel, is likely to settle dues of other lenders as it received Rs 40,000 crore on Friday from ArcelorMittal, which is going to
New Delhi, Oct 4 The Supreme Court on Thursday gave two weeks time to NuMetal and ArcelorMittal to clear their corporate dues and become eligible to bid for the insolvency-hit Essar Steel. A bench of Justice Rohinton Fali Nariman and
New Delhi, Sep 21 The Competition Commission of India (CCI) on Thursday said it has no objection to ArcelorMittal’s and JSW Steel’s proposed bids to acquire debt-ridden Essar Steel and Bhushan Power, respectively. “CCI India finds no appreciable adverse effect
On Tuesday 30th August, ArcelorMittal welcomed Minister Chaudhary Birender Singh, Union Minister of Steel of the Government of India, P. K. Singh, Chairman, SAIL and the Indian Government’s Joint Secretary Ministry of Steel, Sunil Barthwal, to its London offices for
22 May 2015 –ArcelorMittal, the world’s leading steel and mining company, and the Steel Authority of India Limited (‘SAIL’), India’s leading steel company, today, signed a Memorandum of Understanding (‘MoU’) to set up an automotive steel manufacturing facility under a
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