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Total 98 results found. Search for [ essar steel ]

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By Anand Adhikari
Delhi, Edition:July 16, 2017

The RBIs fast track bankruptcy process across a dozen large stressed corporates will either see a resolution or liquidation in the next 180 days. Heres how things would unfold.

BT Online
June 23, 2017
The three steel firms have to repay loans worth nearly Rs 1 lakh crore to the lenders.
PTI
New Delhi, June 23, 2017
The decision was taken at a marathon meeting chaired by the SBI. While Bhushan Steel is in default of Rs 44,478 crore to banks, Essar Steel owes Rs 37,284 crore and Electrosteel Steels Rs 10,273.6 crore.
BT Online
June 22, 2017
According to a report in The Economic Times, the three steel firms have to repay loans worth over Rs 1 lakh crore to the lenders.
BT Online
June 16, 2017
Amid growing concerns regarding stress in the public sector banks due to bad loans, the Reserve Bank of India (RBI) has reportedly sent bankers the list of 12 stressed accounts that they must resolve through the Insolvency and Bankruptcy Code.
Nevin John
New Delhi, Edition:July 2, 2017
The Essar group plans to reduce debt by $10 billion with the sale of its oil refinery, related assets and BPO business.
Nevin John
New Delhi, Edition:July 2, 2017

As debt hits Rs 1.38 lakh crore, the Ruias are looking to recast the group once again.

Prosenjit Datta
New Delhi, Edition:July 2, 2017
For some time, economists and corporate analysts have talked about India's twin balance sheet problem.
PTI
New Delhi, May 3, 2017
The Supreme Court dismissed the appeals of Essar Steel and Essar Power and upheld the Gujarat High Court's order holding them liable to pay Rs 1038.27 crore towards electricity duty to the state government.
BT Online
New Delhi, March 23, 2017
The S&P BSE Sensex ended 135 points in the green at 29,332.16 while the Nifty50 settled the day at 9,086.30, up 55.85 points.
Sumant Banerji
February 27, 2017
This hyper activity in the M&A space by the company offers numerous takeaways.
By Sumant Banerji
Delhi, Edition:December 18, 2016

In spite of rising prices and some relief from falling imports, the steel industry is struggling to recover.

Reuters
New Delhi, November 25, 2016
Over the past two years, Prime Minister Narendra Modi's government has pushed banks to recognize non-performing assets, make adequate provisions for them and try to raise capital from outside to bolster their balance sheets.
Reuters
November 25, 2016
Over the past two years, Prime Minister Narendra Modi's government has pushed banks to recognize non-performing assets, make adequate provisions for them and try to raise capital from outside to bolster their balance sheets.
Reuters
November 24, 2016
Government has imposed anti-dumping duties on hot rolled flat sheets and plates of alloy or non-alloy steel to curb cheaper imports into the country, a government notification said on Thursday.
Reuters
October 17, 2016
The $12.9 billion sale of Essar Oil to a group led by Russia's Rosneft does not run foul of US sanctions imposed against the majority state-owned Russian energy firm, parent Essar Group's CEO said on Sunday. The sale was signed on Saturday. It is the biggest foreign acquisition ever in India and Russia's largest outbound deal.
PTI
New Delhi, October 11, 2016
"GAIL has initiated a major step towards the construction of the Jagadishpur-Haldia-Bokaro-Dhamra natural gas pipeline (JHBDPL) by approving placement of orders for pipeline laying work of 345 km from Phulpur to Dobhi," the company said in a statement.
Team BT
Delhi, Edition:October 23, 2016
"Right from the beginning we have kept a very precise focus on security"
By Sumant Banerji
Delhi, Edition:July 31, 2016

Protectionist measures by the government seem to have revived the domestic steel industry but Japan and China may play spoilsport by dragging India to the WTO.

PTI
Mumbai, July 6, 2016
Essar Steel has claimed to have become the first domestic company to launch high performance bullet proof steels largely used in defence sector.
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