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Slimmer chances of recovering Rs 20,000 cr from Bhushan Steel resolution in the near future add to lender's woes
Analyst reports suggest that margins are likely to contract from the first quarter
The steel sector has been gradually recovering from lows since November
Steel prices that had touched a low of Rs 32,250 a tonne in the first week of November have been on the rebound since and are currently at around Rs 37,000 a tonne
Family picks up 3.34% in India's largest battery maker with latest move, may consider further investments depending on how the company performs
Till January, financial creditors had recovered around 44.01 per cent
PSUs seen as drivers of credit demand, which the bank sees growing by 5-7%; No major impact of coronavirus yet
Steel companies are mulling an increase in prices up to Rs 2,000 a tonne in February, which would be the fourth increase in a row
This, despite the fact that changes in the Act which come into effect shortly give primacy to secured creditors
ArcelorMittal-Nippon Steel say that this was a captive licence for the steel plant and the captive jetty should remain with the plant
If these do get disclosed, then if a borrower has defaulted for only a day, no bank will again offer him a loan
Srei Infra has reduced workforce by 800 between Sep 2018 and Sep 2019
Steel, iron ore firms gain pricing power, hope for demand revival in base metals
JSW's second-quarter results presentation mentioned that steel making operations were impacted by earlier announced maintenance shutdown and repairs
Getting to this point wasn't easy. The road was riddled with challenges as much for ArcelorMittal as it was for stakeholders
Viability of the tea industry is another factor that is holding back companies from bidding for India's largest tea company
"We would primarily want demand to be stimulated by way of increased outlays on infrastructure"
While 13 mt is likely to be the addition in the next two years, by FY25, the ministry is expecting 28-30 mt from the current planned capacity expansions of existing players
ArcelorMittal announced that Aditya Mittal, president and CFO of ArcelorMittal, had been appointed chairman of AM/NS India and Dilip Oommen, the CEO
Lenders and ArcelorMittal have mutually agreed to appoint Grant Thorton for an audit of Essar's Ebitda