Page 15 - Arcelormittal

ArcelorMittal points to Essar Steel lenders' backing in NCLAT

People close to the development said Abhishek Manu Singhvi, appearing for ArcelorMittal, read out certain parts from the petition filed by the CoC during the hearing at NCLAT on Wednesday.

ArcelorMittal's Luxembourg headquarters to consume 6,000 tonnes of steel!

W&A was selected by a nine-person jury chaired by Aditya Mittal following a competitive process with designs proposed by many of the world's leading architects.

NCLAT defers Hearing on ArcelorMittal pleas till July 2

The appellate tribunal is closing for a month for summer vacation.

ArcelorMittal pays Rs 70 billion to become eligible bidder for Essar Steel

The payment relates to dues on account of Uttam Galva Steels and KSS Petron, both classified as non-performing assets (NPAs) for more than a year

Working 'very closely' with L N Mittal on Arcelor's future plan: Son Aditya

ArcelorMittal is in the race to acquire debt-laden Essar Steel which is undergoing insolvency proceedings

ArcelorMittal's Q1 net surges 13% to $2.51 bn on buoyant metal prices

The company said the outlook for 2018 had improved as the year progressed

ArcelorMittal hires Bank of America to sell European steel assets

The EU antitrust watchdog decided to clear Arcelor's offer on Tuesday, after seeking feedback from rivals and customers on the concessions

Mapping insolvency: ArcelorMittal may pay off dues as 'goodwill gesture'

The CoC is expected to meet on Saturday, after which a formal notice for 'curing' the ineligibility is likely to be served to ArcelorMittal and Numetal

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

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

The spirit of the law is not to stop us from investing, says Aditya Mittal

For more than a decade, ArcelorMittal has been trying without much luck to establish a presence in India by setting up greenfield plants

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 signs JV agreement with Nippon for Essar Steel acquisition

Should the submitted resolution plan be selected and formally accepted by India's National Company Law Tribunal, ArcelorMittal and NSSMC would jointly acquire and manage Essar Steel

Making ArcelorMittal ineligible would send a wrong signal: Narayanan Vaghul

ArcelorMittal's investment in India could be a game changer, says Narayanan Vaghul

ArcelorMittal shareholding in Uttam Galva transferred to group firm

Though ArcelorMittal so far has not commented on its exit from Uttam Galva Steels, sources said it wanted to put to rest all questions raised around Section 29A

Letters to BS on lenders asking Lakshmi Mittal to repay KSS Petron's debt

Going strictly by the legality of the case, the lenders may not be able to recover the amount from Mr Mittal

Lenders ask Lakshmi Mittal to repay KSS Petron's debt worth Rs 13.4 bn

Mittal bought 33% stake in KSS in 2011 for $300 million; KSS Petron is a defaulter to private sector banks also

ArcelorMittal makes strong pitch as eligible bidder for distressed assets

ArcelorMittal, the world's largest maker of steel, has made a strong pitch as an eligible bidder for distressed assets currently going through insolvency resolution.It issued a statement that recent amendments to the Insolvency and Bankruptcy Code were intended to prevent defaulting promoters from buying the same assets out of bankruptcy."We are a widely recognised and highly creditworthy international investor and do not believe this amendment should prevent ArcelorMittal from bidding for distressed steel assets in which we have had no prior involvement," went the statement.It also clarified, "We hold a non-controlling minority shareholding in Uttam Galva, have no representation on the board of directors, nor influence on management decisions. As such, we are not a promoter of Uttam Galva. Therefore, there is no objective reason for ArcelorMittal to be prevented from bidding for any steel asset under the restructuring process."The statement follows doubts raised regarding its bid ...

ArcelorMittal's bid for steel firms in trouble

In 2009, ArcelorMittal had picked up a stake in Uttam Galva Steels

ArcelorMittal team visits Bhushan, Essar plants for due diligence

Mittal was in India last week with a team of about 40 people for the due-diligence exercise, multiple sources said