E-PaperMonnet Ispat And Energy News
JSW Steel, AION get lenders nod for Monnet Ispat acquisition
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 2018Monnet Ispat bankruptcy: ICICI Bank moves NCLT to include claim of $75 mn
ICICI 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 2018IBC proceedings: JSW Steel offers Rs3,700 crore for Monnet Ispat
JSW 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 2018RBI tells banks to file cases against 12 big loan defaulters in a month
The loan defaulters' list sent by RBI includes Bhushan Steel, Essar Steel, Jaypee Infratech, Amtek Auto and Electrosteel Steels
2 min read17 Jun 2017‘Surreal Lust’ among unwanted assets in banks’ bad debt cleanup
From 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 2016Steel companies divesting power assets to lighten debt burden
More steel makers are now divesting power assets to stay afloat in a weak steel market and meet debt obligations
2 min read31 Mar 2016JSW in talks with Monnet Ispat to work out majority stake package
Severe 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 shares jump 13% on reports of stake sale in Monnet Power
Monnet Ispat and Energy pared some of their gains by afternoon session to trade up 3.43% at Rs54.30
1 min read24 Mar 2015Bhel sends legal notices to recover `17,000 crore in dues
Notices 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
Sports | Steel firm Monnet to sponsor Indian boxers
1 min read18 Apr 2010Popular Topics
Budget
The 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