Posco, Uttam Galva to set up $3-bn steel plant in Maharashtra

It will initially build 1.5 million tonne per annum (MTPA) plant with a new technology from Posco at a cost of about USD 1.5 billion.

Uttam Value Steels swings to profit in Q4

The company, formerly known as Lloyds Steel, had reported a net loss of Rs 6.95 crore during the corresponding quarter of 2011-12.

Uttam Galva Q4 net profit down 29.52% at Rs 28.19 crore

Uttam Galva's net sales was down 23.18 percent at Rs 953.75 crore during the last quarter.

Lloyds Steel renamed as Uttam Value Steels

"Lloyds Steel Industries, in which the Miglani family (promoters of Uttam Galva) acquired 58.35 percent stake, has been renamed as Uttam Value Steels," it said.

Uttam Galva acquires Lloyds Steel, to invest Rs 380 cr more

Uttam Galva group has acquired majority stake of about 58.35 percent in ailing Lloyds Steel and plans to invest additional Rs 380 crore in the steelmaker to turnaround the company.

Uttam Galva profit down 37%

The company had clocked Rs 17.83 crore net profit in the July-September quarter of last fiscal, it said in a statement.

Uttam Galva Q1 net profit up 12.53% to Rs 10.24 cr

The company, which manufactures cold rolled steel and galvanized steel products, had reported a net profit of Rs 9.10 crore during the corresponding quarter of the last fiscal.

Govt okays L N Mittal`s Rs 503 cr FDI for Uttam Galva buy

The government has approved NRI
billionaire Lakshmi Mittal-led ArcelorMittal`s over Rs 500
crore foreign direct investment for acquisition of 35 per cent
stake in steel products maker Uttam Galva.

ArcelorMittal`s open offer for Uttam Galva may get delayed

ArcelorMittal`s bid to acquire additional stake in Uttam Galva through an open offer may get
delayed in the wake of pending regulatory clearances even as
it aims to complete the deal by mid-December.