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Debarati Roy / Bloomberg 11:42 PM | November 23,2009
India’s steel demand may rise as much as 10% this fiscal year, almost double the pace previously estimated
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PTI 07:16 PM | November 17,2009
The government’s approval to ArcelorMittal for Rs503 cr FDI for buying of 35% stake in Uttam Galva would mark the first operational presence in India for the world’s largest steelmaker
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PTI 06:08 PM | November 12,2009
The deal valued at $404.3 mn will take the LN Mittal-led firm’s stake to about 96% in the subsidiary
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Debarati Roy / Bloomberg 11:51 PM | November 04,2009
The firm, which plans to set up two $10 billion (around Rs47,000 crore) factories in India, has been unable to secure land for its projects
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Baiju Kalesh 12:26 AM | November 02,2009
At the annual general meeting in September, Ispat shareholders gave their consent to the lenders acquiring a 19.53% stake by subscribing to preferential shares worth Rs665 crore at Rs19.38 per share in case of a default
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PTI 03:07 PM | October 28,2009
The company is “disappointed” with the progress made so far on its proposed 12-million tonnes per annum steel plant, each in Orissa and Jharkhand
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Reuters 12:26 PM | October 28,2009
The company said on Wednesday that it turned a net profit of $903 million after three consecutive loss-making quarters in which it suffered a near-collapse of the key steel markets of construction, machinery and car production
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11:50 PM | October 15,2009
Anil Ambani lashes out at audit report and rivals; net profit more than doubles for Bajaj Auto; inflation shoots up
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Reuters 02:34 PM | October 14,2009
Shares in Posco ended up 4.25% at 515,000 won on Wednesday, beating the wider market’s 1.24% rise, as investors anticipated strong results after the close
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Mark Herlihy and Rebecca Keenan / Bloomberg 01:24 AM | October 13,2009
The World Steel Association said on Monday that the global steel market has bottomed and will grow by 9.2% next year as demand rebounds in the US, Europe and Japan
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Debarati Roy / Bloomberg 11:17 PM | October 08,2009
Essar is buying oil refineries, steel plants, and coal and iron ore mines from Australia to Canada to compete with rivals including Reliance Industries Ltd and ArcelorMittal
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12:40 AM | October 06,2009
The question is: why do our political parties and citizens love poverty?
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Rakteem Katakey / Bloomberg 10:26 PM | October 05,2009
The firm said it may invest as much as $1.5 bn to acquire mines overseas to help overcome a shortage of coal as the country plans to almost double its power generation capacity by 2012
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Reuters 04:15 PM | October 05,2009
ArcelorMittal expects steel demand to recover next year, but the industry is in for a bumpy ride in 2010
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PTI 11:44 AM | October 05,2009
Though the preparatory work has been under way for two years, the financial effect of abandoning the plants would be “negligible” since no land had so far been acquired and no building work has been done
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