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Vedanta to exit steel business, looks to sell Electrosteel: Report

Vedanta has said to have approached companies such as The group has approached steel firms resembling ArcelorMittal Nippon Steel (AMNS), Tata Steel, JSW and Jindal Steel and Power Limited.

Only 5 stocks gave multibagger returns in 2018, will 2019 turn the tables?

Smallcap stocks which turned multibaggers in 2018 were Electrosteel Steels, Excel Industries, Merck, IOL Chemicals & Pharmaceuticals and Nelco

Electrosteel St Standalone September 2018 Net Sales at Rs 1,098.68 crore, up 44.14% Q-o-Q

Electrosteel reports net profit of Rs 927.96 crore for April-June quarter

The total income of the company increased to Rs 1,046.15 crore in April-June quarter over Rs 814.94 crore in the year-ago period, it said.

NSE imposes Rs 1 crore penalty on Electrosteel Steels for non-compliance of disclosure norms

National Stock Exchange of India (NSE) has imposed a penalty of Rs 1,00,80,000 on Electrosteel Steels, vide its notice for non-compliance dated June 15, 2018.

Vedanta acquires management control of Electrosteel Steels

Vedanta Ltd had last week deposited an upfront amount of Rs 5,320 crore also in the escrow account of Electrosteel Steels Ltd.

Electrosteel allots shares worth Rs 7,400 cr to lenders; SBI gets largest chunk

The shares allotted to Indian Overseas Bank, SREI Infrastructure & Finance Ltd and Oriental Bank of Commerce ranged from 4.43 percent to 4.63 percent of the total shares allotted. The rest of the lenders got less than 4 percent each.

Electrosteel allots shares worth Rs 7,400 cr to lenders

The company has allotted nearly 740 crore equity shares to 26 lenders, out of which the country's largest lender State Bank of India got 271,61,79,203 equity shares.

Vedanta deposits Rs 5,320 cr in Electrosteel Steels escrow account

The company has acquired control over ESL and a new board of directors has been put in place.

CCI approves acquisition of Electrosteel Steels by Vedanta

The statement follows NCLT last month approving the resolution plan submitted by Vedanta Ltd for Electrosteel Steels.

Vedanta wins bid to acquire Electrosteel Steels

Anil Agarwal group-owned Vedanta said it has won the bid to acquire bankrupt Electrosteel Steels in an insolvency auction.

Renaissance Steel questions Tata Steel, Vedanta's eligibility for Electrosteel bid

Renaissance Steel has questioned the eligibility of Tata Steel and Anil Agarwal-run Vedanta to bid under the bankruptcy process alleging the move to be a breach of the law.

We see great opportunity to grow in India: Tata Steel

The Tata Steel board has approved the next phase of capacity expansion in Kalinganagar to 8 million tonnes per annum from 3 million tonnes at present.

Lenders likely to miss December-end IBC resolution deadline for steel companies

The resolution process of Bhushan Power & Steel Limited, Electrosteel Steels, Essar Steel and Monnet Steel is likely to complete only in the first quarter FY19, according to a report.

Ban trading in firms referred to NCLT, says Sajjan Jindal

JSW Steel Chairman Sajjan Jindal today said trading in shares of the listed companies referred to the National Company Law Tribunal (NCLT) should be suspended to avoid market speculations.

Electrosteel Steels rallies 13% as six players submit expression of interest for acquisition

Electrosteel Steels has a debt of about Rs 11,000 crore that owed to a consortium of banks led by SBI.

Six players submit an Expression of Interest for debt-laden Electrosteel Steels: Sources

Sources tell CNBC-TV18, six players have submitted an Expression of Interest for debt-laden Electrosteel Steels in response to the memorandum that was floated by the insolvency professional and this includes names like Tata Steel.