May 23, 2021 05:01 PM IST
The company said the reports that claimed that it was interested in bidding for or buying the UK-based firm is misleading and mischievous.
- May 22, 2021 01:11 PM IST
JSW's interest, which extends to plants including Gupta's Adhunik steel mill in eastern India, could mark yet another chapter for Britain's steel industry, which has been privatised and sold to overseas buyers as its pre-eminence slid in lock-step with the country's manufacturing might.
- May 14, 2021 04:31 PM IST
Gupta is under probe for alleged involvement in financing arrangements with failed company Greensill Capital UK.
- Apr 22, 2021 02:56 PM IST
Liberty Steel had stepped in to acquire Tata’s Speciality Steels business employing more than 1,700 people in Yorkshire, Lancashire and the West Midlands in an estimated 100 million pounds deal, which Tata Steel announced as complete in May 2017.
- Apr 01, 2021 05:23 PM IST
Citigroup has approached UK courts to file insolvency papers against Gupta's lucrative commodities business to recover money. On the other hand, the entrepreneur maintains that the Group will emerge stronger out of the crisis.
- Mar 22, 2021 11:28 AM IST
Among the plans being discussed include the government running the steelmaker with state funds till such time a potential buyer is brought in
- Mar 16, 2021 02:37 PM IST
The move comes even as the company, facing a financial crunch after its lead bank filed for insolvency, cuts production in some of its plants in the UK. In India, Liberty Steel has presence through Adhunik Metaliks and Zion Steel.
- Mar 11, 2021 04:19 PM IST
Gupta’s Liberty Steel seems to be in dire straits after the collapse of its biggest lender and reports of setbacks in Germany and Australia, but the commodities boom has given some room for optimism to his businesses which also include aluminium and iron.
- Oct 23, 2020 09:02 AM IST
One of the main tasks of the India-born British businessman will be to convince the German company’s local workers, who prefer government intervention. Gupta says his Group will never let people go as they re-skill and re-employ them. Germany’s own Salzgitter and Sweden’s SSAB are also in the race. Thyssenkrupp is expected to choose up to two bidders by the end of November.
- Jul 08, 2020 02:41 PM IST
There are striking resemblances in the ambition that Gupta, owner of Liberty Steel Group. But there is also a significant difference
- Jun 22, 2020 04:57 PM IST
The company acquired the Rotherham steel mill from Tata Steel three years ago when the business was producing just 225,000 tonne steel per annum.
- Apr 17, 2020 08:27 AM IST
The group, based in London, said the new board''s immediate focus will be to weather the economic storm brought about by the COVID-19 crisis and to ensure the business is well prepared for the recovery when it comes.
- Jun 11, 2019 02:51 PM IST
The acquisition has helped the company expand its footprint in the US steel downstream products market, Liberty Steel said in a statement.