JSW Steel Ltd (JSTL.NS)
India's bankruptcy court on Friday approved global steel giant ArcelorMittal SA's bid for debt-ridden Essar Steel, potentially ending months of court battles and opening the country's steel industry to outsiders.
* Order could bring to end 600 days of debt resolution process
Feb 6 India's JSW Steel Ltd on Wednesday posted quarterly net profit below estimates, dented by weakness in steel prices, but said exports are likely to improve in the next quarter.
MUMBAI An Indian appeals tribunal has ruled against Tata Steel Ltd's effort to dismiss rival bids for Bhushan Power and Steel, boosting JSW Steel Ltd's offer to buy the indebted steel maker.
MUMBAI, Feb 4 An Indian appeals tribunal has ruled against Tata Steel Ltd's effort to dismiss rival bids for Bhushan Power and Steel, boosting JSW Steel Ltd's offer to buy the indebted steel maker.
LONDON Indian conglomerate JSW Steel and global trading firm Duferco are in advanced talks on a five-year cash-for-steel prepayment deal, four sources familiar with the matter said, in a rare move for the industry.
* ArcelorMittal said JV with SAIL strategically important (Adds comment from ArcelorMittal)
MUMBAI, Jan 23 ArcelorMittal's prolonged bid to buy debt-ridden Essar Steel is delaying the world's biggest steelmaker's joint venture with state-owned Steel Authority of India Ltd (SAIL), India's steel minister and SAIL's chairman said.