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Essar Steel bags order to supply 1.2 lakh tonne of steel pipes

Last Updated: Monday, June 16, 2014, 19:57

Essar Steel today said it has bagged an order to supply 1.2 lakh tonnes of steel pipes to Saurashtra Narmada Avtaran Irrigation project of the Gujarat government.

NMDC hikes iron ore prices by up to Rs 300 a tonne

Last Updated: Wednesday, June 04, 2014, 22:55

State-run miner NMDC has raised iron ore prices by Rs 250-300 a tonne for June allegedly aimed at cashing in on subdued domestic supply scenario, a move that might stoke steel prices.

Essar Steel plans to raise $2 bn by June to pare rupee debt

Last Updated: Sunday, April 27, 2014, 23:06

The conversion of rupee loans into dollar will also increase the tenor of repayment to an average of around 10 years, he added.

Essar Steel may raise prices by Rs 1,000/tn next month

Last Updated: Wednesday, February 26, 2014, 20:41

"Essar Steel is likely to raise product prices by around Rs 1,000 per tonne next month. This is primarily cost push along with some demand uptick in the fourth quarter," according to a source.

Essar Steel promoters to infuse up to Rs 1,000 cr equity

Last Updated: Friday, September 27, 2013, 20:54

Promoters of Essar Steel will infuse an additional equity of up to Rs 1,000 crore into the loss making steelmaker by acquiring its shares on a preferential basis.

Essar Steel hopes to raise $2 bn by FY14 end to pare Re debt

Last Updated: Sunday, August 18, 2013, 14:01

"At present, we are in talks with financial institutions. We hope to raise the money by the end of the financial year," an Essar Steel official said.

Essar Steel to raise Rs 2,241 cr by selling 3 non-core assets

Last Updated: Sunday, August 18, 2013, 12:39

The Ruias-promoted leading steelmaker has convened an extraordinary shareholders' meeting on Saturday, August 24, seeking their approval.

Steel prices likely to go up further: Essar Steel

Last Updated: Wednesday, August 14, 2013, 20:06

The company was eyeing an export target of 1.4 million tonnes of steel this year. Last year, it had exported 1.2 million tonnes, mainly to Europe and Africa.

Essar Steel to raise $2 bn to retire rupee-debt

Last Updated: Thursday, August 01, 2013, 18:22

Essar Steel plans to raise USD 2 billion through pre-export finance to retire rupee-denominated debt, aimed at freeing its balance sheet from fluctuation in currency rates and ensuring at least Rs 850 crore annual savings.

Essar Steel front-runner in race for Stemcor India's assets

Last Updated: Wednesday, July 31, 2013, 21:03

Ruais-promoted Essar Steel is the front-runner to clinch Stemcor India's assets for which at least a dozen domestic and overseas firms, including Tata Steel, Vale are also in the fray.

SC asks Centre, Odisha to respond to plea of Essar Steel

Last Updated: Friday, July 12, 2013, 19:15

The Supreme Court Friday sought responses from the Centre and Odisha government on a plea of Essar Steel India ltd seeking grant of mining lease to ensure iron ore supply to its integrated steel plant set up at Paradeep in the state.

Essar inks Rs 960cr pact with Harsco to recover iron from slag

Last Updated: Thursday, July 04, 2013, 14:10

Essar Steel did not mention the amount of benefit that would accrue to the company following the tie-up with Harsco India.