
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
JSW Steel targets 37 MT a year capacity by March 2025, while Tata Steel wants to double to 40 MT by 2030
ArcelorMittal-Nippon Steel is investing ₹60,000 crore to expand its steelmaking capacity in Hazira to 15 million tonne (MT) a year from 9MT
India-born business tycoons and families who are truly global!
The global steel major looks to acquire bankrupt companies in India to expand its steel business.
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.
Editor’s letter from the May 2019 issue
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.
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.
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.
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.