April 16, 2018 07:37 AM IST
NCLT’s Ahmedabad bench will announce its order on pleas from Numetal and ArcelorMittal on Essar Steel bids
April 15, 2018 03:02 PM IST
Net Sales are expected to increase by 13 percent Y-o-Y (up 5.4 percent Q-o-Q) to Rs. 18,820.6 crore, according to ICICI Direct.
April 12, 2018 11:04 PM IST
The company's joint MD and Group CFO was responding to ArcelorMittal's allegation that JSW Steel was making a 'mockery' of the IBC.
April 12, 2018 05:20 PM IST
The committee of creditors (CoC) of Monnet Ispat and Energy, which is undergoing insolvency proceedings, had on Tuesday approved the resolution plan submitted by the only bidder Sajjan Jindal's JSW Steel along with AION Capital.
April 11, 2018 10:57 PM IST
The world's largest steelmaker takes to Twitter to make a point. Sajjan Jindal's company refutes the allegation.
April 10, 2018 04:15 PM IST
Monnet Ispat is among India's 12 biggest loan defaulters, which were pushed into bankruptcy last year, as part of the country's new bankruptcy law aimed at cutting close to $150 billion of accumulated soured loans.
April 09, 2018 08:54 AM IST
The hearing on the companies petitions - to term their bids eligible- got over on Friday.
April 05, 2018 10:11 AM IST
The market breadth was in favour of the advances with 1435 stocks advancing while 184 declined and 401 remained unchanged. On the other hand, in the BSE, 1695 stocks advanced and 293 declined and 50 remained unchanged.
April 03, 2018 08:14 PM IST
The Numetal consortium is led by Russia’s VTB Capital and includes engineering company TFE and Indo International Trading.
April 02, 2018 06:03 PM IST
Numetal and Vedanta also place their bids. Opening of bids deferred till Numetal and ArcelorMittal's pleas to NCLT are cleared
April 02, 2018 04:03 PM IST
The Sajjan Jindal company will replace Rewant Ruia's Aurora Enterprises in the Numetal consortium
March 27, 2018 10:04 AM IST
The market breadth was in favour of the advances with 1331 stocks advancing while 392 declined and 301 remained unchanged. On the other hand, in the BSE, 1868 stocks advanced and 704 declined and 138 remained unchanged.
March 26, 2018 06:15 PM IST
A steel making capacity will cut the plate & pipe mill's dependence on imports
March 26, 2018 07:37 AM IST
The Ahmedabad bench of National Company Law Tribunal will on March 27th take up Numetal's plea to declare its bid for Essar Steel, eligible. If successful, the development will be another turn in the contentious auction.
March 12, 2018 02:51 PM IST
The steel veteran, says the sale of stressed assets is a step in the right direction.
March 12, 2018 10:57 AM IST
"The company is contemplating issuing of debt instruments in the form of US dollar denominated senior notes, subject to market conditions," JSW Steel said in a BSE filing.
March 09, 2018 12:46 PM IST
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Tata Steel, Adani Enterprises, JSW Steel and Vedanta and can buy L&T Finance and Piramal Enterprises.
March 06, 2018 05:19 PM IST
While the immediate impact may be limited, a rise in competition in export markets could lead to increased supply & price cuts domestically.
March 06, 2018 12:11 PM IST
Sources said the deal is pegged at Rs 600 crore.
March 06, 2018 10:02 AM IST
The market breadth was in favour of the advances with 878 stocks advancing while 789 declined and 348 remained unchanged. On the other hand, in the BSE, 1268 stocks advanced and 1260 declined and 160 remained unchanged.
March 05, 2018 02:06 PM IST
The metal index plunged 3.5 percent intraday after US President Donald Trump said that his government would impose hefty duties on imported steel and aluminium. The index fall was largely aided by stocks including NMDC which tanked over 6 percent while Jindal Steel & Power was down 5.5 percent. The other top losers were Hindalco Industries, JSW Steel, NALCO and Steel Authority of India, each shedding over 4 percent.
March 01, 2018 01:16 PM IST
"The outlook revision reflects our view that robust profitability from improved industry fundamentals and a measured approach to capacity expansion will enable JSWS (JSW Steel) to deleverage steadily over the next few years," the statement said.
February 28, 2018 04:28 PM IST
The two sides may sign agreement on Thursday.
February 27, 2018 12:08 PM IST
Ashwani Gujral of ashwanigujral.com is of the view that one can buy NIIT Technologies and Indraprastha Gas and can sell Canara Bank.
February 26, 2018 06:33 PM IST
Tata Steel says Liberty House appeal should be dismissed prima facie but NCLT judge disagrees.
