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CEO of Thyssenkrupp Electrical Steel (Europe) was speaking on the sidelines of the company announcing its CRGO product line in Nashik.....»»

Thyssenkrupp and Tata Steel in September agreed in principle to combine their European steel activities.....»»

The Odisha government has slapped a demand notice on a string of chrome ore miners including its own PSU Odisha Mining Corporation (OMC).The demand notice seeks to recover Rs 32 billion for overproduction of chromite ore beyond .....»»

The National Company Law Tribunal (NCLT) today reserved its order on a plea challenging sale of debt-ridden firm Bhushan Steel to Tata Steel by the Committee of Creditors (CoC). The Principal bench of NCLT headed by President Just.....»»

Nifty, Bank Nifty, Hero MotoCorp, Tata Steel and HPCL.....»»

ThyssenKrupp, Tata must retain a joint stake of at least 50.1% in the venture for at least 6 years following the deal's closing in the event of an IPO.....»»

Apart from Vedanta, Tata Steel, Renaissance Steel, Edelweiss Asset Reconstruction had also submitted resolution plans.....»»

Neelachal Ispat Nigam Ltd (NINL) has resumed its blast furnace operations at Kalinganagar (Odisha) after completing capital repair work.NINL, a steel PSU jointly promoted by MMTC Ltd and two Odisha government PSUs- Odisha Mi.....»»

Nifty, Bank Nifty, Tata Steel, Coal India, Larsen & Toubro.....»»

The National Company Law Tribunal (NCLT) today approved Tata Steel's bid for debt-ridden Bhushan Steel. The tribunal also dismissed a plea filed by the employees of Bhushan Steel opposing Tata Steel's bid and imposed a fine of Rs.....»»

The Indian steelmaker saw an exceptional gain of 113.76 billion in the quarter.....»»

The producer is in talks with banks about a six-month bridge facility.....»»

Tata Steel said Rs 12,000 million will be paid to operational creditors of BSL over a period of 12 months as per their admitted claims and as per the terms of the approved resolution plan.....»»

Renaissance Steel is contesting Rs 53200 million resolution plan by Vedanta group for Electrosteel, which was approved by the Kolkata bench of the NCLT, before the appellate tribunal.....»»

In the first list of 12 accounts sent to NCLT for resolution under Insolvency and Bankruptcy Code (IBC), BoI's exposure was Rs 83 billion. In the second list of 27 accounts, it was Rs 30 billion.....»»

The National Company Law Appellate Tribunal (NCLAT) today declined to stay Tata Steel's acquisition of debt-laden Bhushan Steel under the corporate insolvency resolution process. An NCLAT bench headed by Chairman Justice S J Mulh.....»»

The banks, according to industry experts, are expected to take a whopping haircut of about 30-35 per cent in the sale of BSL to an arm of Tata Steel.....»»

Deal is the first to reach resolution under bankruptcy code, leaves the case of supplier-creditors partially unresolved. How this issue pans out will determine future cases.....»»

State to set aside 300-400 acres land for project, hire consultant shortly; aims to convert 50% of hot metal into value added steel products by 2030.....»»

Tata Steel had won the bid to acquire debt-laden Bhushan Steel in an insolvency auction.....»»