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ArcelorMittal

Transformers and Rectifiers India gets nearly $17 million export orders

Transformers and Rectifiers India gets nearly $17 million export...

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.

ArcelorMittal June quarter net income drops 73%

ArcelorMittal June quarter net income drops 73%

Thu, Aug 01, 2024

The company had posted a net income of USD 1,860 million in the corresponding period of the previous fiscal.

ArcelorMittal Q1 net income falls 10 pc to USD 900 million; output at 14.4 MT

ArcelorMittal Q1 net income falls 10 pc to USD 900 million; outpu...

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.

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ArcelorMittal Q4 results: Company posts USD 2,966 million net loss in December quarter

ArcelorMittal Q4 results: Company posts USD 2,966 million net los...

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.

ArcelorMittal Q1 Results: Company reports over 50% fall in net income

ArcelorMittal Q1 Results: Company reports over 50% fall in net in...

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.

ArcelorMittal looks to supply steel for proposed bullet train project from Hazira plant

ArcelorMittal looks to supply steel for proposed bullet train pro...

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.

ArcelorMittal Q3 Results: Reports strongest quarter in more than a decade

ArcelorMittal Q3 Results: Reports strongest quarter in more than...

Thu, Nov 11, 2021

ArcelorMittal has reported slightly lower than expected third-quarter earnings on Thursday.

ArcelorMittal & Nippon Steel to invest Rs 2,000 cr in Odisha

ArcelorMittal & Nippon Steel to invest Rs 2,000 cr in Odisha

Sun, Jun 14, 2020

ArcelorMittal & Nippon Steel on Saturday said they will invest around Rs 2,000 crore in the first phase in Odisha.

Flexing muscles! New game set to begin in Indian steel market - ArcelorMittal to heat up competition

Flexing muscles! New game set to begin in Indian steel market -...

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-headquarter

SC Essar Steel Verdict: Banks to get Rs 50,000 crore fund; NPA set to go down

SC Essar Steel Verdict: Banks to get Rs 50,000 crore fund; NPA se...

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.

ArcelorMittal-Essar Steel: Why SC NCLAT ruling is a major success of insolvency mechanism in India - Explained

ArcelorMittal-Essar Steel: Why SC NCLAT ruling is a major success...

Fri, Nov 15, 2019

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

SC paves way for ArcelorMittal's takeover of Essar Steel

Fri, Nov 15, 2019

SC paves way for ArcelorMittal's takeover of Essar Steel. To know more watch the video

Essar Steel Insolvency: SC quashes NCLAT ruling, clears ArcelorMittal takeover bid; SBI to PNB, bank stocks skyrocket

Essar Steel Insolvency: SC quashes NCLAT ruling, clears ArcelorMi...

Fri, Nov 15, 2019

Essar Steel Insolvency: The Supreme Court has set aside the National Company Law Appellate Tribunal (NCLAT) judgement on Essar Steel case on November 15th.

Rs 2,500 crore in ArcelorMittal bid for Essar Steel is for working capital: CoC to NCLAT

Rs 2,500 crore in ArcelorMittal bid for Essar Steel is for workin...

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.

ArcelorMittal gets European Commission nod to sell steel-making assets in Europe to Liberty House

ArcelorMittal gets European Commission nod to sell steel-making a...

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.

NCLAT may ask ArcelorMittal to pay Rs 42k cr in separate account

NCLAT may ask ArcelorMittal to pay Rs 42k cr in separate account

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.

NCLAT refuses stay on NCLT nod to ArcelorMittal's takeover bid for Essar Steel

NCLAT refuses stay on NCLT nod to ArcelorMittal's takeover b...

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".

Ex-Essar Steel directors approaches NCLT against ArcelorMittal takeover

Ex-Essar Steel directors approaches NCLT against ArcelorMittal ta...

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.

NCLT clears ArcelorMittal's Rs 42,000-crore bid for Essar Steel

NCLT clears ArcelorMittal's Rs 42,000-crore bid for Essar St...

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.

NCLT approves ArcelorMittal’s takeover bid for Essar Steel

NCLT approves ArcelorMittal’s takeover bid for Essar Steel

Fri, Mar 08, 2019

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.

ArcelorMittal says facing risks like excess capex on proposed Essar acquisition

ArcelorMittal says facing risks like excess capex on proposed Ess...

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 says facing 'risks' like excess capex on proposed Essar acquisition

ArcelorMittal says facing 'risks' like excess capex on...

Tue, Feb 26, 2019

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.

SAIL asks ArcelorMittal to expedite JV agreement process

SAIL asks ArcelorMittal to expedite JV agreement process

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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