Arcelormittal Nclt

AM/NS India invests Rs 1K crore for new production line in Gujarat

AM/NS India mentioned that it is already in advanced discussions to supply Magnelis to key players in India's renewable energy and infrastructure sectors

SC allows IOC-ArcelorMittal Nippon Steel to resolve dispute via arbitration

The dispute is related to Essar Steel India Limited (ESIL), which was acquired by AMNS through the insolvency resolution process in 2019

AMNS India's Hazira project to be commissioned by 2026: Laxmi Mittal

ArcelorMittal executive chairman Lakshmi N Mittal on Wednesday expressed confidence that AMNS India's Hazira project, which is under expansion, will be commissioned by 2026. In October last year, ArcelorMittal's arm AMNS India had stated that it will invest Rs 60,000 crore to scale up capacity of its steel plant at Hazira to 15 million tonnes (MT). "We have full confidence that with the cooperation of the Centre and Gujarat government, we will be able to commission the project by 2026, Mittal said here while speaking at the celebrations of 20 years of 'Vibrant Gujarat' summit. Hazira expansion project is moving at a fast pace and over 20,000 people are involved in the project construction, he said. "It is our target to double our production capacity in the first phase and then triple...we will also make advance products for technology," he said, adding it would help India reduce imports and become self-reliant. The company is also committed for sustainability, he said. He also sa

AM/NS bulks up for the future, focuses on acquisitions to secure infra

Nearly Rs 90,000 crore worth of capital expenditure has been incurred so far on various asset acquisitions and projects, with a major investment of about Rs 42,000 crore

Our investment reflects confidence in India's economy: AM/NS India CEO

ArcelorMittal and Nippon Steel, has embarked on an expansion that includes increasing capacity at its existing location, Hazira in Gujarat, and setting up new plants in Odisha

ArcelorMittal Nippon Steel India joins race to buy Srei group firms

Sources close to the development said whether new participants who were not part of the original list of EOI would be allowed will have to be evaluated

AM/NS India to invest Rs 273 crore on zero liquid discharge at Hazira

ArcelorMittal and Nippon Steel joint venture has announced that it was in the process of investing Rs 273 crore for zero liquid discharge, other environmental initiatives at its Hazira steel complex

NCLAT stays order on ArcelorMittal to pay for using slurry pipeline

As per earlier NCLT Ahmedabad Bench order, ArcelorMittal had to pay Rs 1,300 cr for using pipeline to run Essar Steel by Dec 15

Fresh capital outlay of Rs 20k-cr for infra at AMNS's Gujarat steel plant

ArcelorMittal chairman L N Mittal shares steel plant progress with Gujarat chief minister Vijay Rupani

ArcelorMittal initiates Rs 42,000 cr payment for Essar Steel acquisition

After the payment to the lenders, this will be the single-biggest recovery under the IBC

Italy proposes new plan to rescue ArcelorMittal plant; 8,000 jobs at stake

Italy considers the steel mill a strategic industrial site and faces pressure from unions, which are trying to protect the 8,000 jobs at risk

ArcelorMittal agreed to negotiate on steel mill plan, says Italian premier

Conte and his economy and economic development ministers held four-hour talks ending Friday before midnight with ArcelorMittal's top executives

Losing steel arm to ArcelorMittal to hurt Essar India; revenue may fall 97%

Revenue hit of 96% is combined impact of earlier divestment in Essar Oil & losing control of Essar Steel

A swift response

Govt has moved fast to address IBC problems

Uttam Galva IBC proceedings: NCLT awaits ruling on ArcelorMittal bid

The point of contention that has come up at both the NCLAT and NCLT is whether ArcelorMittal can bid for Essar Steel