New Delhi, Oct 26 (PTI) The world’s largest steel maker ArcelorMittal Friday said it has been chosen by the lenders to takeover debt-laden Essar Steel India Ltd for about Rs 42,000 crore.

Last week, the Supreme Court paved the way for ArcelorMittal's takeover of debt-ridden Essar Steel for Rs 42,000 crore and set aside the July 4 NCLAT order giving equal status to financial ...

In response, ArcelorMittal has offered to pay around ₹45.5 billion, well below its subsidaries’ estimated total dues of ₹70 billion. The bidding process for the Essar Steel - which was one ...

Essar Group is awaiting final approvals to ... Gujarat, which it lost to ArcelorMittal in an insolvency battle. The work on the project will start after receiving all the necessary approvals ...

ArcelorMittal may all but have Essar Steel in its bag, but its challenges are not over yet. The global slump in the steel sector has raised concerns about the financial strain of multi-billion ...

the brothers hasve repaid more than $20 billion in debts by selling several assets including Essar Steel, which was bought by a consortium led by billionaire Lakshmi Mittal's ArcelorMittal and ...

It was set up by Essar at a cost of more than Rs30,000 crore and was acquired by Arcelor Mittal in bankruptcy proceedings in 2018-19. ArcelorMittal is seeking a refundable security deposit that ...

ArcelorMittal’s bid for Essar Steel’s 10 million tonne (MT) asset values it at Rs 50,000 crore. India's crude steel output almost flat at 8.662 MT in April "Crude steel production stood at 8. ...