Arcelormittal

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Arcelormittal - Total results - 155
ArcelorMittal reports $1.1 bn net loss in March quarter; CEO LN Mittal says remainder of this year will be challenging
Business

ArcelorMittal reports $1.1 bn net loss in March quarter; CEO LN Mittal says remainder of this year will be challenging

Global steel giant ArcelorMittal on Thursday reported a net loss of $1.1 billion for the first quarter ended 31 March, 2020 amid the coronavirus crisis

ArcelorMittal gets fresh loan commitment of $3 bn; credit facility likely to be used for general corporate purposes
Business

ArcelorMittal gets fresh loan commitment of $3 bn; credit facility likely to be used for general corporate purposes

The fresh credit facility, ArcelorMittal said, will provide additional financial flexibility in the current extraordinary circumstances.

ArcelorMittal, Nippon Steel sign $5.15 billion 10-year-term loan pact to refinance Essar Steel acquisition
Business

ArcelorMittal, Nippon Steel sign $5.15 billion 10-year-term loan pact to refinance Essar Steel acquisition

The 10-year-term loan would be used to refinance their acquisition of Essar Steel India, now known as ArcelorMittal Nippon Steel India Ltd.

Sanjeev Gupta-led GFG Alliance to invest 2 billion euros in European steel operations; electric furnaces to be installed to reduce emissions
Business

Sanjeev Gupta-led GFG Alliance to invest 2 billion euros in European steel operations; electric furnaces to be installed to reduce emissions

Privately-held GFG Alliance will invest 1 billion euros in its Galati operations in Romania and 750 million euros at its Ostrava plant in the Czech Republic, a statement said.

Essar Steel resolution to boost Q3 earnings with Rs 12,000-cr recovery; step to have positive impact on economy: SBI chief
Business

Essar Steel resolution to boost Q3 earnings with Rs 12,000-cr recovery; step to have positive impact on economy: SBI chief

With the order, the apex court paved the way for ArcelorMittal's takeover of Essar Steel for Rs 42,000 crore.

ArcelorMittal forays into Indian steel market; completes Rs 42,000-cr Essar acquisition
Business

ArcelorMittal forays into Indian steel market; completes Rs 42,000-cr Essar acquisition

Global steel giant ArcelorMittal on Monday said it has completed the acquisition of Essar Steel, marking its entry into the Indian steel sector

Essar Steel resolution to boost October-December quarter number: SBI chief Rajnish Kumar
Business

Essar Steel resolution to boost October-December quarter number: SBI chief Rajnish Kumar

State Bank of India Chairman Rajnish Kumar on Monday said the resolution of Essar Steel will boost profitability in the third quarter of the current financial year

Mukesh Ambani polevaults to 12th position as world's richest Indian with net worth of $59.4 bn after m-cap nears Rs 10 lakh cr
Business

Mukesh Ambani polevaults to 12th position as world's richest Indian with net worth of $59.4 bn after m-cap nears Rs 10 lakh cr

With Reliance Industries having overtaken British energy giant BP Plc to become the sixth-largest energy company in the world, the conglomerate is now valued at $138 billion

Essar Steel insolvency: ArcelorMittal aims to complete acquisition of debt-ridden company by 2019-end
Business

Essar Steel insolvency: ArcelorMittal aims to complete acquisition of debt-ridden company by 2019-end

Following the Supreme Court verdict on Essar Steel resolution plan, global steel giant ArcelorMittal said it expects to complete the acquisition of the debt-ridden company by the end of this year

Tata Steel plans to cut up to 3,000 jobs across European operations; two-thirds losses expected to be office-based roles
Business

Tata Steel plans to cut up to 3,000 jobs across European operations; two-thirds losses expected to be office-based roles

Tata Steel's quest to boost profitability follows a European anti-trust decision to block a joint venture with Germany's Thyssenkrupp

ArcelorMittal's shares up 2.5%, demand recovery to remain sluggish in near term; all this and more on Moneycontrol Pro
Business

ArcelorMittal's shares up 2.5%, demand recovery to remain sluggish in near term; all this and more on Moneycontrol Pro

ArcelorMittal’s shares rose by 2.5% on Friday, the day the Supreme Court cleared its acquisition of Essar Steel.

Essar Steel insolvency: Look forward to close acquisition soon, says ArcelorMittal after SC verdict
Business

Essar Steel insolvency: Look forward to close acquisition soon, says ArcelorMittal after SC verdict

Global steel giant ArcelorMittal on Friday said it is looking forward to close the acquisition of debt-ridden Essar Steel soon

Essar Steel insolvency: SC paves way for ArcelorMittal to take over debt-laden company for Rs 42,000 cr
Business

Essar Steel insolvency: SC paves way for ArcelorMittal to take over debt-laden company for Rs 42,000 cr

The Supreme Court on Friday set aside the 4 July order of the NCLAT approving ArcelorMittal's Rs 42,000-crore bid for acquiring debt-laden Essar Steel

Reviving realty sector, policy changes for exports; all this and more in Moneycontrol Pro
Business

Reviving realty sector, policy changes for exports; all this and more in Moneycontrol Pro

India’s exports have been stagnating for over half a decade now and exports in the current year (April-July) are running at a hugely modest 3.1% above the same period last year.

Mukesh Ambani, IOC's Sanjiv Singh, ONGC's Shashi Shanker in list of world's top CEOs
Business

Mukesh Ambani, IOC's Sanjiv Singh, ONGC's Shashi Shanker in list of world's top CEOs

Richest Indian Mukesh Ambani, Indian Oil Corporation (IOC) Chairman Sanjiv Singh and ONGC head Shashi Shanker are among the 10 Indian CEOs named in the CEOWORLD magazine's global ranking of the world's most influential chief executives in 2019

Setback for ArcelorMittal: Cayman Island court refuses worldwide freeze on Essar Global Fund to recover $1.5 bn arbitration award
Business

Setback for ArcelorMittal: Cayman Island court refuses worldwide freeze on Essar Global Fund to recover $1.5 bn arbitration award

In a setback to ArcelorMittal, the Grand Court of Cayman Island has declined its plea for a 'Garnishee Order' and a 'Freezing Injunction' against Essar Global Fund Ltd, the parent firm of Essar Group of companies, for recovering a $1.5 billion arbitration award

Essar Steel insolvency: Supreme Court orders status quo in case; to be heard on 7 August
Business

Essar Steel insolvency: Supreme Court orders status quo in case; to be heard on 7 August

The Supreme Court Monday ordered status quo as of today in the Essar insolvency case

NCLAT to hear ArcelorMittal's plea challenging Royale Partners' bid on EPC Construction on 8 August
Business

NCLAT to hear ArcelorMittal's plea challenging Royale Partners' bid on EPC Construction on 8 August

The National Company Law Appellate Tribunal's direction came over a petition filed by ArcelorMittal

Lenders to move Supreme Court against NCLAT order on higher payout to Essar Steel's operational creditors: SBI chief
Business

Lenders to move Supreme Court against NCLAT order on higher payout to Essar Steel's operational creditors: SBI chief

Giving secured creditors same treatment as operational creditors is a huge disincentive for secured creditors, said Rajnish Kumar

NCLAT rejects Ruia's bid to block ArcelorMittal; approves bid for Essar Steel with modification
Business

NCLAT rejects Ruia's bid to block ArcelorMittal; approves bid for Essar Steel with modification

Essar Steel was auctioned under the new Insolvency and Bankruptcy Code (IBC) to recover Rs 54,547 crore of unpaid dues of financial lenders and operational creditors.