JSW, Tata in race to build steel capacities; ArcelorMittal-Nippon not far behind
JSW Steel targets 37 MT a year capacity by March 2025, while Tata Steel wants to double to 40 MT by 2030
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ArcelorMittal to expand India footprint with new capacities and takeovers
ArcelorMittal-Nippon Steel is investing ₹60,000 crore to expand its steelmaking capacity in Hazira to 15 million tonne (MT) a year from 9MT
NRI Billionaires
India-born business tycoons and families who are truly global!
ArcelorMittal overcomes obstacles, expands steel, petchem business
The global steel major looks to acquire bankrupt companies in India to expand its steel business.
Tata, JSW, ArcelorMittal to lock horns over PSUs
Robust steel demand and high prices are powering private steelmakers to vie for the public sector steel companies, which are up for sale under the Modi government's 2021-22 disinvestment plan.
Man of steel
Editor’s letter from the May 2019 issue
Essar Group repays over 80% of its debt
The group has repaid more than ₹1,37,000 crore of loans to global and Indian lenders. Its only continuing lender is now Russia’s VTB Group.
IBC’s identity crisis
It has been more than two years since India’s newest law for dealing with bankrupt companies was ratified. Yet, it remains unclear what is its purpose.
Ruias throw the kitchen sink to regain Essar Steel
With the corporate insolvency resolution process for the steelmaker entering its final leg, the company’s promoters offer to clear all dues to retain control.
ArcelorMittal is preferred bidder for Essar Steel
Battle to own the bankrupt Essar Steel enters its final leg after a year as the Committee of Creditors picks the world’s largest steelmaker as preferred bidder.
