NCLT directs Essar lenders to reconsider Arcelor, Numetal bids

NCLT directs Essar lenders to reconsider Arcelor, Numetal bids

The Ahmedabad Bench of the National Company Lay Tribunal (NCLT) on Thursday said the second round of bidding for bankrupt Essar Steel held on 2 April is invalid and directed the resolution professionals and the committee of creditors (CoC) to reconsider the first round of bids and reconsider offers from ArcelorMittal and Numetal.

Yamaha Commissions 1,100KW Solar Power Plant In Chennai

Yamaha Commissions 1,100KW Solar Power Plant In Chennai

Yamaha Motor India Group, a wholly-owned subsidiary of Japan’s Yamaha Motor Co, plans to increase its total rooftop solar capacity to 3,500KW by the end of this year, even as it installed a 1,100KW rooftop solar power plant at its manufacturing facility in Chennai.