ArcelorMittal, Dastur set to research on solution for carbon capture
The steelmaker is set to receive the US Department of Energy (DOE)'s funding for the same, ArcelorMittal announced in a social media post.
ArcelorMittal Nippon Steel India is keen on expanding its footprint in India: CEO Dilip Oommen
Only infrastructure segments, where heavy plates are used in power equipment, for instance, have not come around as expected.
Defying trade tensions, Chinese buyers snap up Indian steel
Leading Indian steel companies Tata Steel Ltd and JSW Steel Ltd were among Indian companies that sold a total of 4.64 million tonnes of finished and semi-finished steel products on the world market between April and July.
ArcelorMittal challenges Gujarat Government, Essar Group over Hazira port licence
Essar Steel owns a 10 million tonnes per annum steel plant at Hazira in Gujarat, which is serviced by a captive jetty constructed at port.
Pramod, Lakshmi Mittal's brother, declared bankrupt by London high court
Despite Lakshmi being the 10th richest person in India, worth $10.3 billion (Rs 75,889 crore), and ranked 91 among the world’s richest, Pramod, who lives near Hyde Park, failed to settle a judgment debt of $166 million (Rs 1,223 crore) against him in the commercial court of the high court.
Indian steel market showing signs of recovery after COVID-19 pandemic: Aditya Mittal
"We are seeing the domestic market recover and that's a reason why our operations are running at full capacity," he told on a query pertaining to the domestic demand. In December 2019, global steel giant ArcelorMittal announced acquisition of debt-laden Essar Steel and forming a joint venture AM/NS India with Japan-based Nippon Steel.
ArcelorMittal Group to invest Rs 20,000 crore on capacity expansion and infrastructure in Gujarat
Mittal said this while interacting with Gujarat Chief Minister Vijay Rupani through a video conference. Mittal said that Rs 20,000 crore investment will be for further expansion of capacity enhancement in terms of land availability, captive port, railway connectivity and incentive structure for mega investments.
ArcelorMittal Nippon Steel India ropes in Scarecrow M&C Saatchi as creative agency
The company produces integrated flat carbon steel producer in India, with an achievable capacity of around 8.5 million tonnes per annum and a diversified range of flat steel products, including value-added steel. It also has a significant capacity to produce iron ore pellets.
JSW Steel ramps up capacity utilisation to 85% in May
After hitting a historic low in April, domestic steel demand is only expected to climb back to 25-30% of normal levels this month. While demand across the country had shrunk in the aftermath of the first three phases of the lockdown, business is expected to revive toward the latter half of the financial year.
Essar to pump Rs 35,000 crore into Gujarat for steel manufacturing project
After exiting two of its most prized assets in Gujarat — the refinery and steel facilities, the Ruias-controlled Essar group is once again exploring the state for several big-ticket projects. These include setting up a commercial port, new and emerging technologies, EV vehicles and lithium-ion manufacturing facility, renewable energy, petrochemicals and even a steel project. The company has drawn out plans to invest about $5 billion (roughly Rs 35,000 crore) for a steel manufacturing project in Gujarat, said sources close to the development.
ArcelorMittal India commences operations at Thakurani iron ore mine in Odisha
"The block has annual production capacity of 5.5 million tonne, which can be scaled up to 8 million tonne and its mineral reserves are expected to increase once detailed exploration is complete," an official statement said.
NCLT approves JSW Steel’s resolution plan for Asian Colour Coated Ispat Ltd
In the year 2018, ACCIL was part of the Reserve Bank of India’s second list of defaulters that banks were asked to take corrective actions. State Bank of India, Punjab National Bank and JM Financial are some of the lenders to the company.
London court dismisses ArcelorMittal plea against Essar
In an 81-page judgment, High Court Judge Andrew Henshaw on Monday found no merit in the case being brought by ArcelorMittal to enforce a worldwide freeze on Essar's assets to protect them from "dissipation" while the former pursues parallel legal remedies.
ArcelorMittal Q2 results: Firm posts $559 million net loss
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.
Coronavirus impact: ArcelorMittal plans to cut production in Europe
The statement issued by ArcelorMittal did not have any mention of the steel plant in Hazira, India but said at all global operations, the company is following government and WHO's advice and guidelines in order to protect employees and prevent the spread of the infection.