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Monday, June 14, 2021

ArcelorMittal

ARCELORMITTAL NEWS

ArcelorMittal posts $2,285 million net income in March quarter

May 06, 2021 3:08 pm

The world's largest steelmaker had posted a net loss of USD 1,120 million in the year-ago quarter, the company said in a statement.

ArcelorMittal reports $1,207 million net income in December quarter

February 11, 2021 3:39 pm

Further, the Board of Directors of ArcelorMittal has announced that Aditya Mittal, who is currently President, CFO and CEO ArcelorMittal Europe, will become Chief Executive Officer of the company.

Mittal’s wish list for Hazira project: cheap land, fast allotment, waivers, subsidies

January 09, 2021 1:16 am

In a hand-written note, Gujarat Deputy Chief Minister Nitin Patel referred the list to MK Das, Additional Chief Secretary (Industry and Mines) in the CMO, for “discussion”.

ArcelorMittal reports $559 million net loss in Apr-Jun quarter

July 30, 2020 4:53 pm

The world's largest steelmaker had clocked a net loss of USD 447 million in the year-ago quarter, the company said in a statement.

ArcelorMittal India entry: Domestic steel firms say more players in market to spur innovation

November 21, 2019 5:47 pm

"We don't see ArcelorMittal as a challenge," JSW Steel Chairman Sajjan Jindal told PTI on the sidelines of the ISA Steel Conclave.

ArcelorMittal aims to complete Essar Steel acquisition by 2019-end

November 19, 2019 12:49 pm

ArcelorMittal India Private Limited's (AMIPL) resolution plan for Essar Steel India Limited (‘ESIL') has been unconditionally approved by the Supreme Court of India and the approval of AMIPL's resolution plan is the final procedural step in ESIL's corporate insolvency process, the company said in a statement.

Steps to revival

November 18, 2019 4:38 am

Mess in banking and telecom sectors needs to be addressed urgently to pierce economic gloom.

Supreme Court clears way for ArcelorMittal to acquire Essar Steel

November 16, 2019 4:19 am

Upholds supremacy of Committee of Creditors, could speed up resolution of other insolvency cases

SC puts on hold ArcelorMittal’s takeover of Essar Steel; to hear appeals filed by CoC on August 7

July 23, 2019 4:17 am

A Bench led by Justice RF Nariman, while agreeing to hear all the four appeals, filed by SBI-led CoC, ICICI Bank, SBI and ArcelorMittal, on August 7, also asked the parties to maintain status quo with regard to the acquisition of Essar Steel till then.

Essar Steel acquisition: NCLAT rejects Ruias’ plea; approves bid with modification by ArcelorMittal

July 05, 2019 3:05 am

ESAHL had moved the NCLAT seeking rejection of ArcelorMittal’s Rs 42,000 crore bid to acquire Essar Steel, alleging that its promoter LN Mittal hid his association with loan defaulting firms run by his brothers.