NCLAT may give ArcelorMittal & Numetal more time in Essar Steel case

NCLAT may give ArcelorMittal & Numetal more time in Essar Steel case

Mint reported that the National Company Law Appellate Tribunal (NCLAT) on Monday hinted at giving a chance to both Numetal Ltd and ArcelorMittal India Ltd, the resolution applicants who submitted bids for Essar Steel Ltd, to cure ineligibilities after which revised bids may be invited from the companies.

JSW Steel restarts coking coal mining in US

JSW Steel restarts coking coal mining in US

Business Line reported tat JSW Steel has restarted coking coal mining in the US after a gap of almost three years. Operations in the mines located in West Virginia were suspended after coking coal prices dropped below production cost.