The first round of resolution plans submitted for Essar Steel Ltd saw ArcelorMittal India offer greater value than competitor Numetal Mauritius, bankers in the know told BloombergQuint on condition of anonymity.
U.S. gas and electric utility CenterPoint Energy said on Monday it would buy rival Vectren Corp for about $6 billion, the latest in a string of mergers in the sector as power consumption in many parts of the country flattens.
Indian steel tycoon and visionary Mr Sajjan Jindal spoke to Pavan Lall of Business Standard on how he sees JSW Steel’s future and the possibility of his company not being the number one steelmaker and why he simply refuses to go in for acquisitions at any price in the ongoing bankruptcy proceedings.
The UK-based Liberty House owned by the Gupta family can still be in the race for Bhushan Power & Steel despite missing the deadline and its neglected bid document should be considered by the creditors, the National Company Law Tribunal (NCLT) has ruled on Monday.
Electric buses were seen as a joke at an industry conference in Belgium seven years ago when the Chinese manufacturer BYD Co. showed an early model.
Essar Steel auction: ArcelorMittal faces dues bill of over Rs 7,000 crore to clear eligibility hurdle
ArcelorMittal possibly faces a dues bill of over Rs 7,000 crore, to clear the eligibility hurdle in its bid for Essar Steel. The Ahmedabad bench of National Company Law Tribunal in its order last week observed that promoters of defaulting companies will have to clear outstanding loans to submit resolution plans.
Sunsure Energy finished FY18 with commissioning of their largest turnkey solar plant project – a 20 MW (15 MW + 5 MW) Solar Power Plant. Situated in the Harpanhalli Taluka of Davangeri District, this project is spread over 75 acres of land and will generate enough clean energy to power more than 8,000 urban households in Karnataka every year for the next 25 years.
Even as larger issues around sustainability take centre stage in the wake of World Earth Day, some companies have been implementing responsible consumption practices for a greener workplace.
The three state-owned oil marketing companies (OMCs) are on a solarisation spree, to reduce “consumption of hydrocarbon fuels” and “improve public perception” of themselves.
Uttam Galva Steels, one of the companies undergoing insolvency proceedings at the National Company Law Tribunal (NCLT), has asked for a counter offer from its lenders at a joint lenders’ meeting.