Weeks after the Committee of Creditors (CoC) of bankrupt Essar Steel selected the take-over bid submitted by ArcelorMittal, arguably ignoring last-minute settlement offer made by the company’s stakeholders
Reliance Infrastructure has bagged a Rs 16.14 crore arbitration award against National Highway Authority of India, a small win for the company which has Rs 8,000 crore of claims with different government agencies.
The Infrastructure Leasing & Financial Services will rebid IL&FS Securities Services Ltd (ISSL) after capital market regulator Securities and Exchange Board of India approved the sale to IndusInd Bank for Rs 400 crore in September,
Vedanta Resources Chairman Anil Agarwal Monday announced the company’s plan to inject Rs 15,000 crore to raise the alumina refinery capacity at Lanjigarh three-fold to six mtpa and firm up downstream sector in Odisha in three years.
Reliance Industries will make a fresh investment of Rs 3,000 crore in Odisha, its Chairman Mukhesh Ambani announced here Monday. Reliance Industries has emerged as one of the largest investors in the state and has already invested Rs 6,000 crore, he said.
World’s largest Steel Maker ArcelorMittal, which had shelved its plans for a six-million-tonne per annum (MTPA) steel plant in Ballari at an estimated investment of Rs 30,000 crore two years ago due to lack of raw material linkage
Essar Steel India Ltd sought a liquefied natural gas (LNG) cargo on an online trading platform this week, three industry sources said on Thursday. The company, a unit of Indian commodity conglomerate Essar Group
The government is mulling the sale of crisis-hit Infrastructure Leasing and Financial Services (IL&FS) as one of the options to resolve issues facing it, Corporate Affairs Secretary Injeti Srinivas said Monday. IL&FS
Net profit of the state-run power producer was Rs 2,426 crore in the quarter, little changed from the year-ago period, according to its stock exchange filing. That compares with the Rs 2,577-crore consensus estimate of analysts tracked by Bloomberg.