ArcelorMittal wins Essar Steel auction with Rs 42,000-crore

ArcelorMittal wins Essar Steel auction with Rs 42,000-crore

ArcelorMittal said on Friday that Essar Steel creditors voted in favour of its Rs 42,000-crore bid and have issued a letter of intent to sell the asset to the company. The development indicates that the lenders haven’t entertained the Ruia family’s Rs 54,389-crore last-minute

Essar begins CBM gas supply to GAIL

Essar begins CBM gas supply to GAIL

Ruia family-owned Essar Group has started supply of gas produced from coal seams to state-owned GAIL India. In a tweet, the group said Essar Oil and Gas Exploration and Production Ltd (EOGEPL) “commenced supply

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