Arcelor Mittal

The petitioner claims that the Collector of Stamps (Mumbai) has already issued show-cause notices to the ArcelorMittal Group dated June 10, 2025, and June 19, 2025.

NCLT approves Arcelor Mittal resolution plan for Uttam Galva

This is Arcelor Mittal’s third purchase through the insolvency process in India after Essar Steel and Odisha Slurry Pipleine Infrastructure

Arcelor Mittal reports Q3 results, slightly missing expectations

The Luxembourg-based company said on Thursday third-quarter core profit (EBITDA), the figure most watched by the market, was $6.06 billion, around 6 times the year-ago figure and shortly lower than the average forecast in a company poll of $6.15 billion.

Ideas For Profit | IFGL Refractories: Is this proxy play on steel cycle worth investing?

IFGL is a proxy play for the increased production of steel, likely to be seen in FY22 and FY23. Investors can accumulate this stock and add on decline. We had also recommended IFGL back in April 2021. We expect revenue growth of 10 percent and 12 percent respectively for FY21 and FY22. IFGL is trading at a P/E multiple of 14x/11x FY22E and FY23E respectively.

Why are steel majors queuing up to buy loss-making Neelachal Ispat?

Prospective bidders are looking beyond Neelachal Ispat’s negative net worth debt and even the fact that its plant is shut since March 2020

Sapan Gupta elevated as global legal head of Arcelor Mittal

Gupta is an attorney with nearly two decades of experience. Previously, he was a Partner and National Practice Head (Banking and Finance ) at leading law firm Shardul Amarchand Mangaldas.

SC order on Essar Steel to bring certainty to resolution process in line with global practices: Ficci

The Supreme Court on Friday set aside an NCLAT order which gave equal rights to the secured and unsecured creditors during the insolvency proceedings of debt-ridden Essar Steel, clearing the decks for its takeover by Lakshmi Mittal-led ArcelorMittal.

NCLAT extends deadline for Essar Steel order to February 28

Asks NCLT to finish hearings by February 19. The original deadline expired on February 11

Why is SBI selling Essar Steel debt one day before a court decision on the resolution?

The fight between the Ruias and Mittals could mean that the bidding sees a price war – and thus, SBI could get more money.

Ruias to pare Rs 1.25 lakh-cr debt if Essar Steel offer is accepted

The Committee of Essar Steel Creditors picked ArcelorMittal's Rs 42,000 crore takeover offer over the company promoter's Rs 54,389 crore proposal to pay off all of the lenders' dues

Thyssenkrupp board accepts CEO resignation, backs Tata Steel JV

Chairman of the Supervisory Board of Thyssenkrupp Ulrich Lehner said the company remained committed to the Indian joint venture, which is set to create Europe's second-largest steel-maker after Lakshmi N Mittal's Arcelor Mittal.

ArcelorMittal glass & steel headquarters at Luxembourg to consume 6,000 T of steel

With USD 80 billion annual turnover and 93 million tonne (MT) of output, the steel giant is set to start the construction of the new green building next year, an official said.

ArcelorMittal to exit India's Uttam Galva to make way for new steel bids

In a regulatory filing, Sainath Trading, a closely-held company owned by Uttam Galva's founders, said it planned to buy the ArcelorMittal stake on or after Feb 7.

ArcelorMittal posts marginal rise in Q3 profit at $1.92 billion

Sales of the Luxembourg-based company rose 21.4 percent to USD 17.63 billion in July-September, from USD 14.52 billion in the same period last year.

Lakshmi Mittal's South African operations could get a lifeline

Arcelor Mittal South Africa (AMSA), born out of Mittal's buyout of state steel manufacturer Iscor more than a decade ago after the steel magnate first rescued it from total collapse, last made a profit seven years ago.

Tata Steel likely to post Q3 profit at Rs 680 cr: Poll

Net profit is likely to be at Rs 680 crore as against net loss of Rs 763 crore and net sales may increase 10.9 percent to Rs 35,300 crore versus Rs 31,821.5 crore.

Tata Steel rises 4% post Sept quarter earnings

The world's sixth largest steel maker's second quarter (July-September) consolidated net profit stood at Rs 917 crore as against loss of Rs 364 crore in a year ago period, driven by steady ramp-up of Indian operations and improved performance of European and South East Asian operations and tax write back.

ArcelorMittal halts India investment plans for FY14?

After a rather bitter experience in Odisha, where Arcelor Mittal decided to pull out of its Rs 60,000 crore 12 MTPA (million donnes per annuam) steel plant due to severe delays in regulatory clearances and land allocation, Lakshmi Mittal is not gung- ho about India anymore.

See Nifty above 6300; upbeat on Tata Steel, L&T: PhillipCap

Vineet Bhatnagar, MD, PhillipCapital is of the view that Bank Nifty could also make higher highs given the fact that the broad based index is expected to move higher.

Senegal wins court case against Arcelor Mittal - government

Senegal has won a case before an international tribunal to rescind a USD 2.2 billion deal with ArcelorMittal after the steelmaker suspended work on an iron ore mine in the West African nation, a government spokesman said.

India can't be a jugaad economy forever

A recent survey by the Centre for the Study of Developing Societies (CSDS) for CNN-IBN shows that the number of people who are satisfied with their personal financial situation has dipped over the past two years.

Mkt this week: Fed testimony, Q1 nos aid damp sentiment

For the week, the Sensex gained 0.96 percent and the Nifty rose just 0.3 percent while the broader markets fell around 0.5 percent.

Stocks in news: Idea, HCL Tech, Axis Bank, TCS, NCC, SKS

Idea Cellular | HCL Tech | Axis Bank | Kotak Mahindra Bank | TCS | Supreme Petrochem | Hinduja Foundries | Liberty Phosphates | Jyoti Structures | Igarashi Motors | S Kumars Nationwide | NCC | SKS Microfinance and Heritage Foods are stocks, which are in the news today.

Between Vodafone and Tata Comm, who will get CWW pie?

Tata Communications and Vodafone are both reportedly seeking an extension of the Thursday deadline to 'put up or shut up' for placing bids to acquire Cable & Wireless Worldwide (CWW). Managers of both companies are said to have found the information shared by CWW insufficient, report Sanjay Suri and Swati Khandelwal Jain.

Arcelor Mittal to begin steel plant construction in K'taka

It is learnt from sources that the company has chalked out plans for the first phase of its 6 MTPA plant in the state. The construction will happen in two phases of 3 MTPA each.