Page 60 - Ishita Ayan Dutt/undefined

In the big league

JSW Steel CMD Sajjan Jindal has built the country's largest steel company, overcoming several problems in the past 25 years

Insolvency process: Bhushan Power decision on preferred bidder next week

Some of the lenders felt that the bid put forward by Liberty House should also be looked into

Keen to reignite long-term financing: Finance Minister Piyush Goyal

The minister said he had suggested the idea of a 25-year bond to a senior official of the largest bank over the weekend

Dhunseri to Jay Shree Tea, Africa adds flavour to tea firms' profit margins

Production cost in Africa varies between $1 and $2 a kg while in Assam it is $1.9 and in West Bengal over $2

Essar Steel lenders to give time to bidders to cure ineligibility

ArcelorMittal may have to clear outstanding dues totalling Rs 70 billion, if it wishes lay its claim as an eligible bidder

Essar Steel sale: Lenders must negotiate with chosen bidder, says Arcelor

ArcelorMittal has already written to the State Bank of India and said that it would repay all dues

ArcelorMittal hits out at JSW, calls Ispat Monnet decision 'mockery'

Jindal firm dismisses charges; ArcelorMittal's comments come just ahead of Monnet's resolution plan being filed for approval with NCLT

Monnet Ispat's creditors approve resolution plan by AION and JSW Steel

The resolution application will be filed within the 270-day period which is April 13

Insolvency resolution stumbles on 4 key issues raised by prospective buyers

Experts say the new law is superior to a winding-up petition which was filed by creditors under the Companies Act

ArcelorMittal to rebid for Essar Steel after failing legal eligibility test

The rebid date is likely to be set for the first week of April, which will give both ArcelorMittal and Numetal to rework on their technical glitches

Essar Steel set for rebid as lenders reject Arcelor, Numetal offers

All six companies, which submitted expressions of interest, told to submit bids by April 2

Resolution professional to justify eligibility of Electrosteel bidder: NCLT

Renaissance will have three days to file objections

Kolkata-based Palogix Infra gets new promoter with 100% creditor consent

Palogix Infrastructure is a logistics solution company, and had an outstanding debt of about Rs 1.50 billion

ArcelorMittal to increase Essar Steel plant's capacity to 18 million tonnes

The bids for Essar Steel were submitted on February 12 and a decision on eligibility was pending

ArcelorMittal, Numetal bids for Essar Steel fail eligibility test

Legal vetting finds both bidders had connections with non-performing assets

Bhushan Steel auction: Fear of winner's curse pulls down Tata Steel shares

Tata Steel also sweetened the deal with 12.5 per cent equity of Bhushan Steel to the lenders

Bank haircuts on NPAs go up to 80%; 9 of 12 firms enter bidding stage

The least loss is likely to be in case of Bhushan Steel, for which JSW Steel has offered Rs 280 bn of cash and equity worth Rs 17 bn to banks

VTB Bank-Ruias, ArcelorMittal, Tata Steel to make bid for Essar Steel today

According to a source, ArcelorMittal is likely to bid alone

Insolvency: Bidders may not be able to sell stressed assets for 5 years

Banks, expected to take haircuts of 60% at least on their loans, want to protect their interest even after a new owner comes in

Tata Steel, Vedanta, JSW to make financial bids for Bhushan Power & Steel

The last date for accepting the bids has been extended to February 8 as bidders seek more clarity on the income tax (I-T) liabilities