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Tag "Essar Steel"

NCLT approves ArcelorMittal’s Rs 45,000 cr Essar Steel takeover plan

NCLT approves ArcelorMittal’s Rs 45,000 cr Essar Steel takeover plan

🕔10:04, 9.Mar 2019

Ahmedabad, March 9  The Ahmedabad bench of the National Company Law Tribunal (NCLT) on Friday approved AreclorMittal’s Rs 45,000 crore resolution plan for the insolvent Essar Steel.

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SBI to sell Rs 15,431-cr loan exposure in Essar Steel

SBI to sell Rs 15,431-cr loan exposure in Essar Steel

🕔11:16, 17.Jan 2019

Mumbai, Jan 17 In a surprise move, State Bank of India (SBI) on Wednesday put its entire loan exposure of Rs 15,431.44 crore in bankrupt Essar Steel on sale even though the prolonged insolvency case had neared resolution last October. The

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SC allows ArcelorMittal, NuMetal to bid for Essar Steel once dues cleared

SC allows ArcelorMittal, NuMetal to bid for Essar Steel once dues cleared

🕔14:15, 4.Oct 2018

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

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JSW, ArcelorMittal submit bids for Essar Steel in 2nd round bidding

JSW, ArcelorMittal submit bids for Essar Steel in 2nd round bidding

🕔10:30, 3.Apr 2018

New Delhi/Mumbai, April 3  In a battle for taking over insolvent Essar Steel, Sajjan Jindal-led JSW with Nu Metal submitted its bid for the beleaguered steel firm while L.N. Mittal’s ArcelorMittal, which teamed up with Nippon Steel & Sumitomo Metal

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Essar Steel commissions integrated pellet complex in Odisha

Essar Steel commissions integrated pellet complex in Odisha

🕔10:15, 28.Nov 2014

New Delhi, Nov 28  Steel producer Essar Steel commissioned a six million tonnes per annum (mtpa) integrated pellet complex in Odisha. “It is a matter of pride that Indian engineers have delivered this challenging project keeping the balance between growth

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Essar Steel raises $1 bn through export securitisation

Essar Steel raises $1 bn through export securitisation

🕔09:23, 25.Nov 2014

Mumbai, Nov 25  Essar Steel said that it has raised $1 billion through long-term export securitisation which it will use to pre-pay existing rupee debt under its strategy to dollarize its balance sheet. “Bringing down interest cost and elongating maturity

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Essar Group ties up funds for $1.8-bn Minnesota iron project

Essar Group ties up funds for $1.8-bn Minnesota iron project

🕔14:00, 13.Oct 2014

New Delhi, Oct 13  Essar Steel Monday said it has concluded the financing for the construction of its $1.8 billion, 7-million-tonne iron pellet project in Minnesota that also includes open-pit mining, crushing and processing of the ore. “In the next

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