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Slow to start, banks wrestle with insolvency regime

The bankruptcy code will deter defaulters, but NPAs will not cease unless banks are sensitised on credit appraisal and experts are hired by banks to inspect what is happening with their loans,......

Essar's US unit files for bankruptcy

In 2007, Essar had said it would set up a $1.8-bn unit in Minnesota, but scaled down from a full-scale taconite steel mill project to pellet plant after the 2008 financial crisis In a setback, the......

Zisco to propel Essar Steel into 20-mn-tonne club

Six months after buying a majority 60 per cent stake in Zimbabwean steel company Zisco, Essar Steel is now keen to build on Zisco's foundation and ramp up the existing infrastructure.According to......

'We need level playing field in mine allocation'

A global steel producer is putting up 14-million-tonne capacity, Essar Steel aims to achieve a global capacity of 20-25 mt. In an interview with Ishita Ayan Dutt, its chief executive officer, Malay......

Essar to buy US coal firm for $550-600 mn

The Essar Group is close to buying Trinity Coal, one of the top 10 coal producers in the US, in a deal worth $550-600 million (Rs 2,500-2,735 crore). Trinity is owned by private equity investment......

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Algoma

News for Algoma

Slow to start, banks wrestle with insolvency regime

Essar's US unit files for bankruptcy

Zisco to propel Essar Steel into 20-mn-tonne club

'We need level playing field in mine allocation'

Essar to buy US coal firm for $550-600 mn

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