news topics: metals & mining

New Delhi, 7 May 2019: Essar Steel Asia Holdings Ltd (ESAHL), a shareholder of Essar Steel, today sought to bring to the attention of the NCLAT that Mr Lakshmi Mittal and Arcelor Mittal India Ltd (AM) had “conspired to suppress vital facts” and misled the Committee of Creditors, the Hon’ble Supreme Court and the Appellate Tribunal […]

Mumbai, 25 October 2018: The shareholders of Essar Steel have today submitted a proposal to the Committee of Creditors (CoC) for full settlement of the entire admitted claims of the financial creditors, operational creditors, and workmen and employees of Essar Steel India Ltd (ESIL), aggregating Rs 54,389 crore, under Section 12A of the Code. The aforesaid plan […]

Mumbai, 25 October 2018: The shareholders of Essar Steel have today submitted a proposal to the Committee of Creditors (CoC) for full settlement of the entire admitted claims of the financial creditors, operational creditors, and workmen and employees of Essar Steel India Ltd (ESIL), aggregating Rs 54,389 crore, under Section 12A of the Code. The aforesaid plan […]

Our request to the Hon’ble High Court was that in view of the specific facts of Essar Steel, i.e., advanced stage of discussions with lenders on its debt resolution proposal, payment of Rs 3467 crores to banks between April 2016 and June 2017, and the substantial improvement in all operating parameters, the Company should have […]

Mumbai, 11 July 2017: Essar Steel India Limited (EStIL) has achieved a run rate of 83% of capacity and recorded a significant 29% quarter-on-quarter growth in flat steel production in the first quarter of the current fiscal. The total production stood at 1.57 million tonnes in Q1FY18 compared to 1.21 million tonnes in the corresponding […]

Mumbai, 4 April 2017: Essar Steel India Limited (EStIL) has substantially improved its performance for the year ended March 31, 2017. The total flat steel production registered a growth of 47% at 5.6 million tonnes, compared to 3.8 million tonnes in the corresponding period last year. Pellet production also grew by 60% to 9.3 million tonnes […]

Becomes the first Indian Steel Producer to offer Special grade steel to a wide range of application in land and naval Defence system. Hazira and Mumbai, 2 March 2017: Essar Steel has forayed into the high growth Defence manufacturing sector by developing steel grades which find application in Land and Naval Defence. The estimated expenditure […]

Mumbai, 5 January 2017: Essar Steel India Limited (EStIL) has recorded highest ever quarterly production with a 61% quarter-on-quarter growth in the third quarter ended December 31, 2016. The total flat steel production stood at 1.48 million tonnes, compared to 0.92 million tonnes in the corresponding period last year. Pellet production also grew by 99% to […]

Mumbai, 14 October 2016: Essar Steel India Limited (EStIL) has recorded a 58% quarter-on-quarter growth in flat steel production in the second quarter ended September 30, 2016. The total production stood at 1.34 million tonnes, compared to 0.85 million tonnes in the corresponding period last year. Pellet production also grew by 89% to 2.43 million […]

Hazira, 27 July 2016: Essar Steel India has made significant performance improvements in the quarter ended 30 June 2016 on the back of robust production growth. The gross revenues of Rs 4,482 crore in the quarter saw a 12% jump when compared to the revenue of Rs 4,006 crore clocked in the corresponding quarter in FY2015-16. […]