Sapan was a senior partner at Shardul Amarchand Mangaldas, one of India's largest law firms
The company would close a blast furnace in each of the two plants and build electric arc furnaces for scrap smelting
Six other firms, including four steelmakers, had submitted an expression of interest (EOI) for the debt-laden firm
India's public debt at 89.3% of GDP is one of the highest among EMs
The world's leading steel and mining company ArcelorMittal will invest more than Rs 50,000 crore in Gujarat, Chief Minister Vijay Rupani said on Sunday
The MoU for the Odisha plant comes shortly after AM/NS India completed a year of operations
The plant, coming up at Kendrapara, is in addition to other investments of AM/NS in the state such as 6MTPA pelletization plant in Paradeep, beneficiation complex in Keonjhar and slurry pipeline
Chief Minister Naveen Patnaik and steel tycoon Lakshmi N Mittal were present during the signing of the Memorandum of Understanding (MoU) at Lokaseva Bhavan
A coke battery stack at the steel plant collapsed, the company said
Aditya Mittal is now president, chief financial officer (CFO) and chief executive officer (CEO) ArcelorMittal Europe.
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Global steel giant ArcelorMittal on Thursday posted $1.21 billion net income for the quarter ended December 31, 2020
ArcelorMittal said it had benefited from a gradual recovery in steel demand resulting in higher steel shipments and improved margins as well as a better mining performance
The company also said it will pay a dividend of 30 cents a share. The steelmaking giant halted payouts following a collapse in demand last year
Under the agreement, the sixth such between the two firms since 2015, both entities will also jointly work to enhance the quality of current grades, develop new value-added grades
The pact is to supply hot rolled coils
Plant capacity pegged at 12 mn tonnes, firm plans state-of-the-art of rail mill, hot strip mill, value-added long and flat product capacities in the state
Total consideration Rs 2,000 cr; companies were on RBI's second list of NPAs mandated for resolution under IBC
Uttam Galva's total admitted claims are Rs 9,070.66 crore, with ArcelorMittal having an 87 per cent voting share among financial creditors
Essar spokesman refuses to comment saying matter is subjudice, adding that group is exploring all options including appealing to a higher court