The Monnet Ispat acquisition plan involves upfront payment of Rs2,750 crore to lenders by JSW Steel and AION Investments, deal has to close by 14 April
1 min read10 Apr 2018ICICI Bank claimed that the IRP had not included its claim, which was actuall a corporate guarantee given by Monnet Ispat in favour of its subsidiary Monnet Power
1 min read28 Mar 2018JSW Steel has offered Rs3,700 crore for Monnet Ispat, which owes over Rs10,000 crore to its lenders and undergoing insolvency resolution proceedings
1 min read29 Jan 2018The loan defaulters' list sent by RBI includes Bhushan Steel, Essar Steel, Jaypee Infratech, Amtek Auto and Electrosteel Steels
2 min read17 Jun 2017From deodorant makers to steel mills, Indian banks are getting stuck owning assets they are finding hard to sell under a plan where they exchange soured loans for equity
3 min read19 Jul 2016More steel makers are now divesting power assets to stay afloat in a weak steel market and meet debt obligations
2 min read31 Mar 2016Severe cost overruns of Monnet Power's projects and issues related to winning coal blocks via negative bids could be negatives for JSW
1 min read23 Jul 2015Monnet Ispat and Energy pared some of their gains by afternoon session to trade up 3.43% at Rs54.30
1 min read24 Mar 2015Notices have been sent to customers including Adhunik Group, Visa Power and Monnet Ispat and Energy
5 min read16 Sep 2013Sports | Steel firm Monnet to sponsor Indian boxers
1 min read18 Apr 2010The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared