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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......

Essar to invest $500mn in Algoma

Essar Group plans to invest $500 million (Rs 2,000 crore) to scale up the annual production capacity of its recently acquired Canadian steel company Algoma to 4 million tonne in three years from......

Essar acquires Algoma Steel

Ruias owned Essar Steel on Monday announced that they have agreed to acquire Canadian Algoma Steel for an aggregate value of Canadian $1.8 billion (approx. US $1.58 billion) to be paid in cash.......

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,......

'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......

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Algoma

News for Algoma

Essar's US unit files for bankruptcy

Essar to invest $500mn in Algoma

Essar acquires Algoma Steel

Slow to start, banks wrestle with insolvency regime

'We need level playing field in mine allocation'

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