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1-10 results from 498 for query «essar»

14 November, 2018 12:35 PM JSW Steel eyes distressed downstream assets

The move complements its strategy to increase share of downstream products in its portfolio JSW Steel is training its eyes on downstream assets as it looks at the next round of companies that have been referred to the insolvency courts. The move complements its strategy to increase the share of downstream products in its portfolio as it increases capacity 79

5 November, 2018 4:19 AM ArcelorMittal’s Essar Steel win may result in Rs 1,150cr loss for Gujarat govt: Report

The Gujarat government stands to lose around Rs 1,150 crore if the National Company Law Tribunal (NCLT) upholds the committee of creditors’ recommendation to accept ArcelorMittal’s resolution plan to acquire Essar Steel, a Mint report states. These dues are classified as operational creditors and ArcelorMittal’s proposal does not make any provision 104

25 October, 2018 12:50 PM Essar Steel Board, Shareholders Offer To Pay Rs 54,389 Crore To Creditors

Essar Steel is among a dozen of the country's biggest debt defaulters that were pushed into the bankruptcy court last year. Essar Steel India's board and shareholders have offered to pay Rs 54,389 crore ($7.42 billion) to its creditors to settle their claims and to withdraw the firm from a bankruptcy process. Essar Steel is among a dozen of the country's 68

19 October, 2018 1:10 PM JSW Steel weighing options to fund acquisition of Bhushan Power, Essar Steel

Sajjan Jindal-led JSW Steel is exploring various financing models, including a 'joint control mechanism', to fund the acquisition of the stressed assets of Bhushan Power and Steel and Essar Steel, a source said. This assumes significance as JSW Steel's Rs 19,700 crore offer for debt-laden Bhushan Power and Steel (BPSL) has been backed by around 90 percent 72

15 October, 2018 5:20 AM Delhi court grants bail to Jindal, others in coal scam related case

A Delhi court on Monday granted bail to industrialist and Congress leader Naveen Jindal and 14 others, accused of money laundering in a case pertaining to irregularities in the allocation of a Jharkhand coal block. Special Judge Bharat Parashar granted the relief on a personal bond of Rs one lakh and one surety of the like amount. Besides Jindal, those 68

4 October, 2018 1:33 PM SC grants one more opportunity to ArcelorMittal, NuMetal to bid for Essar Steel

New Delhi: The Supreme Court Thursday granted one more opportunity to mining major ArcelorMittal and Russia's VTB Capital-backed NuMetal to bid for Essar Steel if they clear their NPA dues in two weeks. A bench comprising Justices R F Nariman and Indu Malhotra held that both the firms were ineligible under amended Insolvency and Bankruptcy Code to bid for the firm but granted 61

3 October, 2018 6:20 AM Petrol prices at record high in India: Check how much it costs around the world

On October 3, petrol prices hit Rs 91.20/litre in Mumbai and Rs 83.85/litre in Delhi. Here's a look at 10 countries where it is the cheapest and most expensive India | Petrol prices have hit record highs in the country. As of October 3, 2018, a litre of petrol costs Rs 91.20/litre in Mumbai. India currently sits on the 88th spot. (Pictured) An oil refinery 44

10 September, 2018 10:09 PM ArcelorMittal sweetens offer for Essar Steel;submits revised proposal to CoC

New Delhi: World's leading steel giant ArcelorMittal has sweetened its offer for Essar Steel, as the bids received in the second round for the debt-ridden firm were opened by its lenders Monday. Without disclosing the amount, the Luxembourg-headquarterd firm said that it has submitted a revised proposal to Essar Steel India Ltd's (ESIL) Committee of Creditors 115

10 September, 2018 4:40 AM Petrol prices at record high: Check how much it costs in India when compared with the world

On September 10, petrol prices hit a fresh record at Rs 88.12/litre in Mumbai and Rs 80.73/litre in Delhi. Here's a look at 10 countries where it is the cheapest and most expensive. India | Petrol prices have hit record highs in September. As of September 10, 2018, a litre of petrol costs Rs 88.12/litre in Mumbai, which trumps the all-time highs it reached 55

27 July, 2018 1:07 PM JSW submits revised bid for Bhushan Power & Steel, trumps Tata's, Liberty House offers

In a fresh twist to the auction of Bhushan Power & Steel, JSW has submitted a revised offer of over Rs 18,500 crore to buy the stressed company. The Committee of Creditors, which met in Delhi on July 27, has consequently asked for fresh bids by July 31. Sources told Moneycontrol that Liberty House will put in a revised bid by then. The JSW Steel offer 66