Thu, Aug 22, 2024
Transformers and Rectifiers (India) said it will supply 18 trackside traction transformers of 20 MVA (Megavolt Ampere) and 55 trackside auto transformers of 7.5 MVA to Linxon Global Sweden.
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Thu, Aug 01, 2024
The company had posted a net income of USD 1,860 million in the corresponding period of the previous fiscal.
Thu, May 02, 2024
Sales in Q1 2024 were at USD 16.28 billion as compared to USD 18.50 billion in the year-ago period. Steel shipments in first quarter of 2024 were 13.5 MT, lower than 14.5 MT in Q1 2023.
Thu, Feb 08, 2024
Global steel giant ArcelorMittal on Thursday posted a net loss of USD 2,966 million during the December quarter, affected by lower steel prices.
Thu, Jul 27, 2023
ArcelorMittal Q1 Results: Global steel giant ArcelorMittal posted over 50 per cent decline in its net income at USD 1,860 million in the April-June quarter.
Sun, Oct 30, 2022
The company has been working hard on the expansion plan to ensure it captures the potential that is here in India.
Thu, Nov 11, 2021
ArcelorMittal has reported slightly lower than expected third-quarter earnings on Thursday.
Sun, Jun 14, 2020
ArcelorMittal & Nippon Steel on Saturday said they will invest around Rs 2,000 crore in the first phase in Odisha.
Sat, Nov 16, 2019
Delivering a big verdict, the Supreme Court has allowed ArcelorMittal to make payment for Essar Steel India, paving the way for acquisition of the bankrupt steel maker by the Luxembourg-headquartered entity.
Fri, Nov 15, 2019
Supreme Court ruling in Essar Steel insolvency case will pump around Rs 50,000 crore in the Indian banking system that would help them contain their respective NPAs.
As the Supreme Court on Friday set aside the NCLAT ruling on Essar Steel that provided for equal distribution of proceeds between financial and operational creditors, decks have been cleared for ArcelorMittal's acquisition of the bankrupt steel company.
SC paves way for ArcelorMittal's takeover of Essar Steel. To know more watch the video
Essar Steel Insolvency: The Supreme Court has set aside the National Company Law Appellate Tribunal (NCLAT) judgement on Essar Steel case on November 15th.
Thu, May 16, 2019
Lenders of Essar Steel informed NCLAT that out of Rs 42,000-cr coming from the resolution plan of ArcelorMittal, Rs 2,500 crore has been marked as the working capital.
Wed, Apr 17, 2019
ArcelorMittal on Wednesday said that it has received approval from the European Commission to sell steel-making assets in Europe to Liberty House.
Tue, Apr 09, 2019
The National Company Law Appellate Tribunal (NCLAT) on Tuesday said it may direct ArcelorMittal, in the next hearing on April 23, to deposit Rs 42,000 crore for acquisition of the insolvent Essar Steel in a separate account.
Fri, Mar 15, 2019
NCLAT also asked State Bank of India-led CoC to bring a fresh distribution plan at the next date of hearing, saying "there cannot be any discrimination... All are equal".
Mon, Mar 11, 2019
On Friday, the Ahmedabad bench of the NCLT had approved the lenders' plan to let global steel giant ArcelorMittal take over the debt-idden Essar Steel.
Fri, Mar 08, 2019
The National Company Law Appellate Tribunal (NCLAT) had last month directed the NCLT Ahmedabad bench to take a final decision on ArcelorMittal`s bid for the acquisition of Essar Steel by March 8, failing which it would pass an order.
The National Company Law Tribunal (NCLT) approved steel giant ArcelorMittal SA's takeover bid for debt-ridden Essar Steel. Watch full video to know more.
Tue, Feb 26, 2019
"Capital expenditure in excess of budgeted amounts, delays and difficulties in achieving commercial objectives, therefore, cannot be ruled out," the company said.
ArcelorMittal Monday said it is staring at various risks including excess capex and delays in achieving commercial objectives in view of its proposed acquisition of debt-laden Essar Steel India.
Fri, Dec 28, 2018
SAIL has asked ArcelorMittal to expedite the process for signing a definitive agreement to set up a joint venture for high-end automotive steel plant, a senior official said Friday.
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