[ad_1] Nearly two decades ago, in 2006, Lakshmi Mittal, the man who had become a steel tycoon by buying sick steel mills across the world and then turning them around, got himself into a situation that tested his nerves of steel. He made a hostile bid for Arcelor, a European steel company with operations spread
Deja vu for Lakshmi Mittal? National interest and a hostile union – ET Infra Read More »
[ad_1] Indian billionaire Gautam Adani’s conglomerate took a group of local bond arrangers on a site visit last week, people familiar with the matter said, after gearing up to sell up to Rs 150 billion ($1.8 billion) worth of debt amid lingering concerns about its corporate governance. The Adani Group flew the bankers to Mundra
Adani group takes bond brokers on Gujarat trip to instill confidence – ET Infra Read More »
[ad_1] JSW Steel Ltd. is looking to form a consortium to bid for a majority stake in Teck Resources Ltd.’s steelmaking coal business, people with knowledge of the matter said, potentially rivalling an $8 billion offer from commodities giant Glencore Plc. Mumbai-based JSW is seeking partners for an offer to acquire a 75 per cent
JSW Steel may pick majority stake in Teck Coal unit – ET Infra Read More »
[ad_1] Bahrain-based firm Foulath arm Bahrain Steel has collaborated with Essar Group‘s KSA Green Steel Project for supply of iron ore pellet to Green Steel Arabia (GSA) project. Through this partnership, the Bahrain Steel will deliver four million tonnes of DR-grade pellets per annum (mtpa) to Essar Group, a statement said. The Bahrain Steel is
Bahrain Steel inks pact with Essar Group’s KSA Green to supply iron ore – ET Infra Read More »
[ad_1] The consortium of Invent Assets Securitisation & Reconstruction Company Pvt Ltd and GMT Pipes & Tubes Pvt Ltd’s bid to acquire Mumbai-based steel pipe manufacturer Steamline Industries Ltd is approved by the Mumbai National Company Law Tribunal. The consortium offered Rs 24.74 crore against admitted claims of over Rs 166 crore for the company.
NCLT approves Invent Assets to acquire Steamline Industries – ET Infra Read More »
[ad_1] MUMBAI: Jindal Steel and Power‘s (JSPL) strong balance sheet and prospects of a further improvement in profitability have analysts vouching for it as the steel sector‘s top pick yet again. They remain wary about state-owned peer SAIL given its high debt levels. Both the steel majors announced earnings for the June quarter last week.
JSPL top steel pick yet again, SAIL’s debt clouds prospects – ET Infra Read More »
[ad_1] NEW DELHI: Steel Authority of India Ltd (SAIL) supplied the entire 4000 tonnes of Special Steel for India‘s indigenous sixth frigate ship, ‘Vindhyagiri‘, officials said on Wednesday. The ship is part of the Project P17A initiative undertaken by the Indian Navy and is being constructed by M/s Garden Reach Shipbuilders and Engineers Ltd (GRSE).
SAIL supplies 4000 tonnes of special steel for warship Vindhyagiri – ET Infra Read More »
[ad_1] United Steel Workers (USW) International President Tom Conway on Wednesday called ArcelorMittal‘s bid consideration for U.S. Steel “foolish” and said the union wouldn’t endorse any buyers other than Cleveland-Cliffs. ArcelorMittal SA (MT.LU), the world’s second-largest steelmaker, is considering a potential offer for U.S. Steel Corp Reuters reported. If it does launch a bid, it
Steel union head calls ArcelorMittal bid for US Steel ‘foolish’ – ET Infra Read More »
[ad_1] NEW DELHI: On the occasion of Independence Day, Chief Justice of India DY Chandrachud on Tuesday said the apex court was planning to expand its building. Celebrating Independence Day at the Supreme Court lawns, CJI said the new building will have 27 additional courtrooms, 4 registrar courtrooms and adequate facilities for lawyers and litigants
CJI Chandrachud announces plan to expand Supreme Court building – ET Infra Read More »
[ad_1] A beleaguered Indian billionaire is redrawing the contours of his empire in a way that minimizes friction with his bigger rival. That may be a sensible strategy. Gautam Adani can’t afford a costly distraction. While his core infrastructure business is booming, there’s little reprieve from the governance issues that have dogged the Adani Group
View: Indian tycoons Ambani and Adani won’t step on each other’s toes – ET Infra Read More »
