ArcelorMittal has entered into a joint venture pact with Nippon Steel & Sumitomo Metal Corporation to jointly acquire the assets of Essar Steel. The company's arm ArcelorMittal India has submitted a resolution plan for Essar Steel on February 12. CNBC-TV18’s Anshu Sharma caught up with Brian Aranha, the Executive Vice President, Arcelor Mittal to get more insights into the bid.

Can create value in Essar Steel: Lakshmi Mittal

Lakshmi Mittal, the chairman and CEO of the world's largest steel company Arcelor-Mittal feels that his company is a fitting buyer for Essar Steel as they can create value in the bankrupt company with their might and experience.

Large proportion of reported debt includes unpaid interest: Bhushan Steel

CNBC-TV18’s Nigel D’Souza caught up with Neeraj Singhal, MD of Bhushan Steel to discuss the minute details on the original debt taken, the ordinance and why did the asset turn into a distressed one.

Expect Kalinganagar phase 2 to reach capacity of 5mt: Tata Steel

In an interview to CNBC-TV18, TV Narendran, MD of Tata Steel spoke at length about steel demand and the latest happenings in the company from the sidelines of Centrum Conference.

Growth in demand for steel may be around 5%: JSW Steel

CNBC-TV18’s Nigel D'souza is in conversation with JSW Steel's Joint MD & Group CFO Seshagiri Rao on the side-lines of the Centrum Symposium on steel. Internationally steel prices went up further therefore there is a scope for Indian steel prices to go up, he said.

Steel NPAs being referred to NCLT; expect to see faster resolution: Steel Secy

CNBC-TV18’s Nigel D'souza is in conversation with the Steel Secretary Aruna Sharma on the side-lines of the Centrum Symposium on steel. Steel consumption is going up very well, it is matching to the increase in the production which is a very good sign, she said.

Confident of providing resolution plan for Essar Steel: Prashant Ruia

A day after closing India's largest foreign direct investment (FDI) deal, Prashant Ruia, the Chairman of Essar Group clarifies on key contours of the deal. In a candid admission to CNBC-TV18, Ruia says he is confident of providing resolution plan for Essar Steel.

Resolving NPAs: Challenges staring insolvency professionals

The resolution of bad loans or non-performing assets (NPAs) in the banking sector reached a decisive stage when the Reserve Bank of India (RBI), last month, told banks to take 12 defaulting borrowers such as Bhushan Steel, Essar Steel, Lanco Infratech, etc. to the bankruptcy court.

Faster resolution of NPAs is in best interest of all: SBI

From the side-lines of the India Banking Reforms Conclave, State Bank of India (SBI) Chairman Rajnish Kumar shared his views and outlook whether non-performing assets (NPA) resolution timelines could be missed considering Esser Steel has moved the Gujarat High Court and other company's may follow suit.

Panel of creditors, promoters decide on debt recast & repayment schedule, says PNB

The top 12 stressed accounts identified by the Reserve Bank of India (RBI) a few weeks ago; Essar Steel has moved the Gujarat High Court against insolvency proceedings.

Big consolidation in domestic steel ind unlikely; global demand to rise: JSW Steel

The recovery in steel demand in 2017, is on the back of a recovery in construction, infrastructure, and real estate, said Seshagiri Rao, Joint MD & Group CFO, JSW Steel.

Essar, Amtek, Bhushan, JP Infra, Lanco among 12 big NPAs on RBI list

The RBI has sent bankers the list of 12 stressed accounts that they must resolve through the Insolvency and Bankruptcy Code (IBC).

Expect to close FY17 with topline of Rs 2300 cr: Shankara Building Products

"The company should close the year, FY17, with a topline of around Rs 2,300 crore, up about 15 percent from last year’s Rs 2,000 crore", ukumar Srinivas, MD of Shankara Buildpro told CNBC-TV18.

Local iron ore prices higher owing to supply constraints

In an interview to CNBC-TV18, Ankit Miglani, deputy MD of Uttam Galva said that weak demand situation from automobile sector, white goods and construction has severely affected steel prices.

New product mix saved cuts in production: Uttam Galva

Ankit Miglani, deputy managing director, Uttam Galva explains to CNBC-TV18 that the company‘s collaboration with ArcelorMittal which resulted in a revision of the product mix which prevented cuts in production.

Pennar Ind sees steel supply from JSW going down

Nirupender Rao, chairman of Pennar Industries Limited which sources steel from JSW talks to CNBC-TV18 of the difficulties and the way ahead for the company.

Steel demand to rise post Sept, prices to hike: Essar Group

Mehra, director of Essar Group, said that as far as the bill removes uncertainty and makes the land acquisition job easier, it will give much relief to the companies in the metal and mining space and will also attract investments.

Essar Ports may raise funds to trim debt

Rajiv Agarwal, CEO & MD of Essar Ports, in an interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, said that they might raise some capital as they need to go down from 83% promoter holding to 75%. He said, "We will review the market conditions and go ahead with the fund raising. We have time till June, 2013 to raise the capital."

Budget 2011: Is it positive for the metal sector?

In an interview with CNBC-TV18, Prasad Baji, Senior VP - Institutional Equities, Research, Edelweiss Securities Limited and J Mehra, Director of Essar Group and CEO, Essar Steel Holdings, speak about the announcements made for the metal sector in the budget.