Dec 07, 2020 12:49 PM IST
A changed industry scenario makes it easier for JSW Steel to absorb the weight of the acquisition
- Aug 10, 2020 04:28 PM IST
The Commission seeks review of SFIO complaint, says ‘gross injustice’ is done to the officer; Bhushan Steel was one of India's largest loan defaulters and on the first list of cases suggested by the RBI for insolvency proceedings.
- Feb 05, 2020 09:50 AM IST
An NCLAT bench headed by Justice S J Mukhopadhaya concluded its hearing as arguments in all seven petitions, including JSW Steel and former promoters of Bhushan Power and Steel Ltd (BPSL), are over.
- Jan 14, 2020 05:20 PM IST
A bench of Chief Justice D N Patel and Justice C Hari Shankar listed the application for hearing on January 21 after Singal's counsel sought another date.
- Oct 12, 2019 05:47 PM IST
The central probe agency said it has attached land, building, plant and machinery of the firm located in Odisha under the provision of the Prevention of Money Laundering Act (PMLA).
- Sep 12, 2019 12:35 PM IST
Talks come as JSW Steel is unhappy with the takeover terms cleared by the NCLT. Banks tried to better the final terms for JSW, which had made two key demands, but were rejected by NCLT.
- Sep 12, 2019 11:49 AM IST
A bench headed by Justice N V Ramana delivered the verdict on an appeal by the Serious Fraud Investigation Office challenging the August order of the high court.
- Jul 24, 2019 06:09 PM IST
In its report that runs into over 70,000 pages, the investigating agency has charged officials of 13 banks of being hand-in-glove with the Bhushan Steel promoters
- May 31, 2019 05:20 PM IST
Tata Steel adds heft to its Bhushan Steel acquisition with a successful bid for Bhushan Energy
- Apr 26, 2019 09:53 AM IST
At its April 25 closing price of Rs 510 per share, its stock is trading at seven times its FY20 estimated price-to-earnings, which is quite reasonable
- Apr 19, 2019 02:30 PM IST
Sakshi Batra does a 3 Point Analysis fine print of the result of Tata Steel's newly acquired company.
- Apr 19, 2019 11:00 AM IST
Tata Steel helped Bhushan to swiftly gain its lost production.
- Apr 06, 2019 08:10 PM IST
The searches were carried out at multiple locations in a number of cities, including the Delhi-NCR, Chandigarh and Kolkata at office and residential premises of the company, its directors and promoters and their associates, they said.
- Apr 04, 2019 11:28 AM IST
We expect that the Tata’s will play nice here – and either merge the company with Tata Steel, at a possible conversion price closer to Rs 30 per share (effectively) after conversion
- Nov 28, 2018 05:30 PM IST
Earlier, Tata Steel had won the bid to acquire debt-laden Bhushan Steel in an insolvency auction.
- Nov 05, 2018 06:26 PM IST
Bhushan Steel's own brand will continue to be in place for now, Anand Sen said.
- Oct 30, 2018 09:09 PM IST
Its total income during July-September quarter increased to Rs 5,907.47 crore, over Rs 4,325.60 crore in the year-ago period, the filing said.
- Oct 04, 2018 10:35 PM IST
The company had produced 0.85 MT during the July-September period of 2017-18 fiscal, it said in a BSE filing.
- Sep 30, 2018 01:30 PM IST
Bhushan Steel's Odisha plant is presently operating at 3.5 million tonne against a capacity of 5 million tonne
- Sep 26, 2018 08:16 PM IST
Even at 90% capacity utilisation and assuming a 50% improvement in current EBITDA per tonne to about Rs 8250 per tonne over the next two years, it can potentially generate operating profits of about Rs 740 crore.
- Sep 08, 2018 11:40 AM IST
The unit has a trained doctor, a nurse, a pharmacist and necessary medicine
- Sep 04, 2018 12:42 PM IST
The Delhi High Court had on August 29 granted bail to Singal, arrested by the SFIO for allegedly siphoning off Rs 2,500 crore of public funds.
- Aug 30, 2018 01:20 PM IST
A bench of Justice A M Khanwilkar and D Y Chandrachud said it will pass orders on the plea of the Serious Fraud Investigation Office (SFIO), while agreeing to hear the probe agency's appeal against the release order today.
- Aug 29, 2018 06:12 PM IST
The statement comes amid reports that Tata Steel has started the process of cancelling PPAs between Bhushan Steel and Bhushan Energy in a bid to cut costs.
- Aug 24, 2018 06:15 PM IST
The observations by the court came during the hearing of a habeas corpus plea moved on behalf of Singal, through advocate Pramod Kumar Dubey.