Tag «essar steel»

Essar Steel’s Committee of Creditors approves ArcelorMittal’s acquisition of Essar Steel

26 October 2018 – ArcelorMittal (‘the Company’) announces Essar Steel India Limited’s (‘ESIL’) Committee of Creditors (‘CoC’) has voted to approve the Company’s acquisition of ESIL. ESIL’s Resolution Professional, on behalf of the CoC, has issued the Company with a Letter of Intent (‘LOI’) stating that the Company has been identified as the ‘Successful Applicant’. …

ArcelorMittal submits revised proposal for the acquisition of Essar Steel

11 September 2018 – In response to media speculation, ArcelorMittal (the Company) confirms that yesterday, 10 September 2018, it submitted a revised proposal to Essar Steel India Limited’s (ESIL) Committee of Creditors for the acquisition of ESIL. The Company can also confirm that media reports speculating on the financial value of the revised offer are broadly …

2014 worldsteel Safety and Health Excellence Recognition

Moscow, 08 October 2014 – worldsteel has recognised six excellent safety and health programmes from ArcelorMittal, Celsa, Essar Steel, Gerdau, Tata Steel and Ternium. Joon-Yang Chung, worldsteel’s Chairman for 2013/2014, said: “Communication is vital to create a safer working environment which is the main purpose of this recognition. The companies recognised this year not only …

Investment in Steel Sector

The Minister of Steel, Shri Beni Prasad Verma has said that Steel is a deregulated sector.  The role of Government is that of a facilitator.  The Government promotes /encourages growth of steel industry through suitable policy measures based on its assessment of industry performance.  As far as the setting up of steel investment projects is concerned, the size …