The shareholders and creditors of NMDC have approved the demerger of the company’s under-construction Nagarnar Steel Plant (NSP), its Chairman and Managing Director Sumit Deb said. The demerger of NSP from NMDC is...
Thyssenkrupp, Tata lose fight against EU veto of joint venture
Thyssenkrupp and Tata Steel have lost their fight against a European Union antitrust veto of their proposed landmark joint venture, after Europe’s second-highest court rejected their arguments. The two companies...
Neelachal Ispat acquisition crucial for Tata Steel growth path: Official
Describing winning the bid for acquiring a majority stake in Odisha-based Neelachal Ispat Nigam Ltd (NINL) as “crucial” for the company’s growth trajectory, Tata Steel said it provides enablers to go...
NMDC shareholders, creditors to discuss Nagarnar Steel Plant demerger on Tuesday
Steel Ministry will convene a meeting of shareholders and creditors of state-owned NMDC on Tuesday to expedite the process of demerging the company under construction Nagarnar Steel Plant (NSP). The Centre is aiming to...
Acerinox’s board ends merger talks with Aperam
The board of Spanish steel maker Acerinox announced on Monday that it was walking away from preliminary talks with Dutch rival Aperam for a potential tie-up that would have created a European stainless steel giant...
JSW Steel to merge Jindal Ispat Steel, holding company with itself
JSW Steel on Friday said that it will be merging its subsidiaries JSW Ispat Special Products (JISPL) Limited and Creixent Special Steels Limited (CSSL) with and into itself to leverage synergies between the companies...
Govt extends deadline for FSNL strategic sale
The department of investment and public asset management (DIPAM) has extended the last date for submission of bids for strategic disinvestment of Ferro Scrap Nigam Ltd., a 100% subsidiary of MSTC Ltd., under the...
CCI approves OFB Tech’s acquisition of majority stake in SMW Ispat
The Competition Commission of India (CCI) has approved acquisition of majority stake in SMW Ispat Private Limited by OFB Tech Private Limited. The proposed combination envisages acquisition of majority stake in SMW...
Tata Steel Acquires 1.30 Cr Ocrps Of Associate Firm Trf
Tata Steel on Saturday announced the acquisition of 1.30 crore optionally convertible redeemable preference shares (OCRPS) having a face value of ₹10 each of associate firm, TRF. The transaction aggregates to ₹13 crore...
Tata steel to grow organically, new acquisitions unlikely this decade: MD
Tata Steel Ltd will look to grow organically, and the steel giant is under “no pressure” to look at fresh acquisitions during this decade, Chief Executive Officer and Managing Director T V Narendran said...
Tata Steel to complete NINL acquisition in current quarter: CEO
Tata Steel will complete the acquisition of Neelachal Ispat Nigam Limited (NINL) by the end of the current quarter, its CEO and MD T V Narendran said on Tuesday. The acquisition of NINL is critical for Tata Steel to...
NCLT reserves order in ArcelorMittal’s resolution plan for Uttam Galva Steel
A dedicated bankruptcy court on Monday reserved its order on an application filed by the resolution professional of Uttam Galva Steel Ltd, seeking approval of the resolution plan filed by AM Mining India Pvt Ltd, a...
