Page 11 - Arcelormittal

ArcelorMittal- Nippon Steel in talks to buy 500 Mw Bhander power unit

Power plant crucial to make its 9.6 MT plant self-sufficient

ArcelorMittal, commissioners extend talks on Italy's Ilva plant: Lawyer

The world's biggest steelmaker had tried to walk away from a 2018 deal after parliament scrapped a guarantee of legal immunity from prosecution

ArcelorMittal makes $1.6 bn equity contribution for Essar Steel acquisition

Described as its biggest achievement in 2019, ArcelorMittal said that the acquisition of Essar formed a fifth steel pillar for it

ArcelorMittal posts $1.9 bn net loss in Q4; expects pick up in steel demand

For the whole year (2019), the company reported a net loss of $2.5 billion as against net income of $5.1 billion in 2018

JSW Steel upstages ArcelorMittal, Vedanta to win Nuagaon block

The block, currently held by merchant miner KJS Ahluwalia with deposits of 790 million tonnes of iron ore, is the first of 21 lapsing blocks to have been successfully auctioned

ArcelorMittal-Nippon Steel participating in iron ore auctions in Odisha

CEO Dilip Oommen said any steel company has to securitise its sources of raw materials and AMNS is no different

ArcelorMittal-Nippon plans to take control of captive jetty at Hazira

ArcelorMittal-Nippon Steel say that this was a captive licence for the steel plant and the captive jetty should remain with the plant

In a fresh twist, ArcelorMittal's OSPIL resolution plan challenged

The challenge to the ArcelorMittal resolution plan has come from Srei Infrastructure Finance as a secured financial creditor

Odisha gets 255 bids for auction of 20 merchant blocks; 87 firms in fray

All top steel makers, secondary steel players, sponge iron producers, pellet manufacturers and merchant miners from Goa and Odisha are vying for the blocks on offer

Gruelling battle for 865 days: The making of Rs 42,000-cr Essar Steel deal

Getting to this point wasn't easy. The road was riddled with challenges as much for ArcelorMittal as it was for stakeholders

ArcelorMittal signs deal for sale of 50% shipping biz stake to pare debt

ArcelorMittal's equity contribution, however, works out to around $1.14 billion, which is likely to be the net debt at the group level.

ArcelorMittal and Nippon Steel complete acquisition of Essar Steel

ArcelorMittal announced that Aditya Mittal, president and CFO of ArcelorMittal, had been appointed chairman of AM/NS India and Dilip Oommen, the CEO

Why the Essar judgment has scored a win above all for common sense

The verdict will rekindle hope in the integrity of India's bankruptcy process, but it will take a lot more work to allay concerns about its effectiveness

Essar Steel lenders may get more than Rs 42,000 cr from resolution process

Lenders and ArcelorMittal have mutually agreed to appoint Grant Thorton for an audit of Essar's Ebitda

NCLAT dismisses ArcelorMittal plea over debt-ridden EPC Construction

The steel major has contended that the resolution plan submitted by it was ex facie a better resolution plan selected by the CoC.

ArcelorMittal keen to expand presence in India, govt assures full support

Global steel major ArcelorMittal is keen to expand its presence in India, Steel Minister Dharmendra Pradhan said on Saturday. Pradhan, who met ArcelorMittal Chairman and CEO Lakshmi Niwas Mittal here, assured him of full support to leverage the country's large market. The meeting comes a day after ArcelorMittal initiated payment of Rs 42,000 crore for acquiring debt-laden Essar Steel, which it had won in an insolvency process. "Had a fruitful meeting with Mr. Lakshmi Niwas Mittal, Chairman & CEO of ArcelorMittal @ArcelorMittal. We had wide ranging discussions on ways to boost domestic steel production through technology upgradation & attracting more investments in the steel sector, " Pradhan said in a tweet. In another tweet, the minister said ArcelorMittal is keen to expand its presence in India and he has assured the company of full support and cooperation to help leverage India's large and diverse market, rising demand and investor friendly regime. The decks for acquisition

ArcelorMittal set to close Rs 42,000-cr Essar Steel deal next week

Essar Steel will be jointly owned and operated by ArcelorMittal and Nippon Steel Corporation

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

Lenders declare ArcelorMittal highest bidder for Odisha Slurry Pipeline

Lenders pick ArcelorMittal over Thriveni Earthmovers

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