L. N. Mittal, chairman & CEO of ArcelorMittal, is also the chairman of Aperam. In 2017, Aperam had sales of USD 5.1 billion and steel shipments of 1.94 million tonnes.
SPPL is jointly promoted by Ramani Ramaswamy and Ramaswamy Rangarajan and is yet to commence operations.
The company said it had applied to Tamil Nadu Pollution Control Board for annual renewal of CTO for its existing smelter plant at Thoothukudi.
Facor’s committee of creditors (CoC) had rejected all resolution plans and conveyed the same to the NCLT on April 2.
BCCI comes close on the heels of a number of other significant entities that mjunction has touched – the latest being the Bihar government, which opted for e-distribution of coal through mjunction.
Yet, domestic non-ferrous metal production still exceeds consumption as domestic manufacturers are expected to operate at a high asset-utilisation levels.
Numetal argued that the section 29A of the Insolvency and Bankruptcy Code (IBC) allows a defaulter to bid only after it sheds its defaulter status.
RINL registered a 31% jump in turnover at over Rs 16,500 crore (provisional) in 2017-18 over 2016-17
RINL is increasingly planning to focus on development coastal shipping as an alternative mode of logistics to reduce its dependence on Railways.
The first container train to Bangladesh consisting of 30 wagons, will carry 60 containers of soyabean extract.
Rare Earth Elements (REE) are used extensively in almost every conceivable advanced technology products and also have commercial, industrial and military applications
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